Texas A&M’s president announces an expansion of the health science center in the Bryan/College Station biocorridor.
Mark Welsh posted on his website, details of a board of regents vote at their May 7th meeting to purchase the former iBio building on HSC Parkway. Welsh described the 139,000 square foot facility as “one of the largest for plant-produced biologics in the world”. He wrote the new building “will support research growth across the health sciences, including preclinical testing with dedicated vivarium space, staging for clinical studies and investigational new drugs and first-in-human dosage development.” The purchase price was not disclosed. Valuation from the Brazos Central Appraisal District is almost $29.4 million dollars.
Welsh also announced the regents approval of A&M’s operating budget for the upcoming fiscal year includes money for pay raises in the form of a performance based merit pool of four percent. The president said A&M’s overall operating budget for the 2025 fiscal year is just over $3 billion dollars. That breaks down to $2.5 billion on the flagship campus, $472 million for the health science center, and $88 million for the Galveston campus.
