RALEIGH – Another biopharma firm is picking the Oak City region for its new headquarters.
OakLabs, a Berlin-based biopharma company using artificial intelligence (AI) for drug discovery, is set to establish its primary base in the Triangle this month.
The company, founded by husband-wife team Drs. Martina Schad and Jim Kallarackal, will be registered as a public entity called OakLife. It joins a growing list of new and recent arrivals that have helped make the Triangle one of the country’s largest life science hubs.
Research and development, under the sister company OakLabs, will remain in Berlin.
“Berlin is a good place to live, but it’s not the strongest region, commercially or economically,” said Kallarackal during a Zoom call from Berlin. “We [wanted] to relocate to an area where we have the opportunity to scale globally and have the highest impact.”