A Medical Device Daily Staff Report

Bioventus (Durham, North Carolina) reported a $5 million expansion project in Cordova that will result in 44 new jobs. The company, along with the Tennessee Department of Economic and Community Development, detailed plans to lease 40,000 square feet of new office and manufacturing space. It plans to move into the space in February 2013.

"Combining our functions in a single location not only provides facility cost benefits, but also increases our efficiency in terms of staff management and communications," said Anthony James, VP of operations and quality for Bioventus. "The site is also strategically located near major transportation hubs, enabling us to provide rapid and cost-effective service for our customers."

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