Youngsville, Louisiana-based RedHawk Holdings Corp.—an umbrella company that includes a health and energy corporation, a financial services firm, and a land and hospitality company—has established the RedHawk Innovation Center at the LSU Innovation Park, located five miles south of the flagship campus.
RedHawk says the innovation center will use LSU’s resources to design, manufacture and develop the company’s medical products, technologies and inventory of generic pharmaceuticals.
“We believe our medical devices and security system are game-changing technologies. We also believe our ever-expanding inventory of branded generic drugs may be able to address certain generic drug shortages currently prevalent in the United States,” says G. Darcy Klug, RedHawk’s Chief Financial Officer, in a news release. “This alliance with the LSU Innovation Park and the Pennington Biomedical Research Center will enhance our product development and further improve our testing procedures.”
RedHawk says it’s also working with officials at Louisiana Economic Development and with the Lafayette Economic Development Authority to establish manufacturing and marketing strategies. Through the innovation center, the company will have access to LSU researchers, faculty, students, interns, equipment and intellectual property.
RedHawk says it expects the innovation center to work closely with the Pennington BioTech Initiative, LSU Health Science Center, Pennington Biomedical Research Center and the LSU Emerging Technology Center.
Charles D’Agostino, LSU Innovation Park executive director, says there will be a strong partnership between the LSU Innovation Park and RedHawk.
“It represents a strong partnership between the University and this leading edge innovative company whereby groundbreaking technologies are being created and commercialized to benefit the State of Louisiana and offer employment opportunities to our graduates,” he says in the news release.
