A Massachusetts biotechnology firm is pulling up stakes and relocating to Wisconsin. Exact Sciences Corporation has received a one million dollar loan from the Wisconsin Department of Commerce to relocate its headquarters and operations from Marlboro, Massachusetts, to Madison. The company expects to make a significant investment in its relocated operations, creating as many as 150 jobs over five years, according to a release from the Commerce department.
EXACT Sciences is a molecular diagnostics company focused on molecular screening technology for the detection of colorectal cancer. Exact Sciences CEO and president Kevin Conroy is the former president and chief executive of Third Wave Technologies Inc., a molecular diagnostics company with operations in Madison. The company will use its loan for equipment and working capital related to the relocation.