Business


Business in brief: Alturas Analytics building new digs

WEDNESDAY, SEPT. 5, 2007

Pharmaceutical testing company Alturas Analytics Inc. of Moscow, Idaho, has started building a new, roughly $1.5 million building to accommodate its growing staff and lab-equipment inventory.

The seven-year-old corporation, which does contract analysis to help biotech and pharmaceutical companies with drug discovery and development, has outgrown its 7,800-square-foot building, said Robin Woods, company president. The two-story structure, which was started in recent weeks, will measure about 10,000 square feet and should be finished in about six months, she said. It will be near the current building at 1282 Alturas Drive.

Alturas employs about 20 people, and Woods foresees hiring three or four more a year for the next few years. She declined to give revenues for the privately held company.

The company receives blood, urine and other samples from people participating in drug trials, testing them for factors such as how the drugs are metabolized, absorbed and excreted. Woods declined to identify clients, citing confidentiality agreements, but said most clients are in the Bay Area.

Alturas has purchased new equipment, but it’s at a temporary site while the expansion is under way, Woods said.

Olympia

Kalispels may use grant for telecom

The Kalispel Tribe of Indians could use a new federal grant to establish a for-profit telecommunications company to install fiber-optic cable for business on its reservation and in nearby areas of Pend Oreille County, according to a U.S. Department of Agriculture agency.

The tribe recently received a $183,750 federal grant to create a chartered telecom, according to a USDA Rural Development news release. But tribal leaders still must decide whether to accept the money, which could take weeks, said April Pierre, a spokeswoman for the tribe.

The Kalispels would contribute $100,000 to the project, said Phil Eggman, a spokesman for Rural Development in Washington. The fiber would serve rural areas near Usk and Cusick, small communities near the reservation, according to the release.

“The whole point of the grant is to have economic development,” Eggman said. “And the Kalispel Tribe potentially can infuse funding in that economy.”


 

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