Ventana Medical Acquires Tucson-Area R&D Facility

Ventana Medical Systems, Inc. purchased the Pharmaceutical R&D Facility at 2090 E Innovation Park Dr., in Oro Valley, for $25 million ($222/foot). The 112,500-square-foot facility on 11.54 acres was constructed as a drug discovery research lab with 78,981 square feet of laboratory and 12,550 square feet of office space. The atrium, conference, and support areas on all three levels total 20,969 square feet. Icagen originally occupied the building, after Icagen bought Sanofi in 2016. It’s been vacant since 2020.

It’s been reported that the costs for building construction, including acquisition, construction, and improvement, totaled over $90 million, or $803/foot. 

Ventana Medical performs cancer diagnostics worldwide through state-of-the-art testing automation. It provides more than 250 cancer tests and associated instruments, making it the leading global supplier of cancer diagnostic systems to the pathology market.