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New Saranac Lake biotech firm announces business deal

July 30, 2012
By CHRIS KNIGHT - Senior Staff Writer ( , Adirondack Daily Enterprise

SARANAC LAKE - A biotech company that's moving to Saranac Lake has announced a new partnership with a California-based manufacturer and distributor of life science research and clinical diagnostic products.

Myriad RBM, which is headquartered in Austin, Texas, and is in the process of moving its Lake Placid offices to Saranac Lake, has granted Bio-Rad Laboratories exclusive distribution rights to its immunoassay kits, which are used by medical researchers.

"This agreement combines Myriad RBM's industry-leading menu of multiplexed immunoassays with Bio-Rad's unrivaled global commercial distribution capabilities," Myriad RBM President Craig Benson said in a press release. "Our partnership with Bio-Rad will help researchers and clinicians on the front lines of medicine to develop biomarker profiles that may predict, detect, or monitor disease progression in an effort to optimize treatment and improve patient care."

Dominic Eisinger, Myriad's director of strategic development, said the deal had been in the works for a while. He said the research kit manufacturing will be done at the company's new Saranac Lake facility.

"Anticipation of this partnership was one of several reasons justifying our expansion and move to Saranac Lake," Eisinger said in an email.

Village officials are planning a reception in Riverside Park next week to welcome Myriad and its 24 employees from Lake Placid. The Aug. 8 ceremony will salute Myriad's start of operations at its new home in the former village office building at 3 Main St.

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Crews hired by the village have been working to renovate the three-story building which was the village offices until January, when the village moved into the second floor of the Harrietstown Town Hall. The village is spending hundreds of thousands of dollars to upgrade the windows, heating and air conditioning systems and elevator in its former offices.

Myriad is one of two Lake Placid biotech companies relocating to Saranac Lake. Active Motif, currently located in the basement of a health spa on Saranac Avenue in Lake Placid, plans to move its laboratory, offices and eight employees to the village of Saranac Lake Water Department building at 17 Main St. by early November. Both companies will lease space from the village.



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