Genetron Health Inc., an international precision oncology company, has announced plans to move to Montgomery County, Maryland.

The bio business, currently located in North Carolina’s Research Triangle, will relocate to a 6,000 square foot space in Gaithersburg to accommodate its rapid growth, with room for research and development as well as a state-of-the-art laboratory.

Genetron cited Montgomery County's access to federal regulators and innovative researchers as reasons for the move, calling the county “historically the first place for human genomics.” The China-based company could add up to 50 new jobs in the region over the next two years.

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