Royal Emerald Pharmaceuticals, a scientific research organization, has signed a lease with the option to purchase on the former Kmart building, located at 14011 Palm Drive in Desert Hot Springs.
Royal Emerald Pharmaceuticals also has acquired the site adjacent to the building, and has budgeted $15 million to create a corporate headquarters on that site, in addition to building out the former Kmart building into a Research and Development site. Tenant improvement buildout will begin imminently.
The company anticipates hiring more than 50 people in late summer for the R&D work, eventually growing to 90 employees. Positions will encompass a range of skill levels, from entry-level to scientific. In addition to staffing the R&D building, the company also will hire staff for the new corporate headquarters, starting with 20-25 and growing to 100 as they take more jobs in house.
Company founder Mark Crozier said he will prioritize hiring local residents: “We acknowledge the Coachella Valley and especially the residents of Desert Hot Springs as the type of talent needed in order to succeed in our company’s mission," Crozier said. "We are excited to facilitate the growth of the local community."
The City of Desert Hot Springs competed against surrounding cities to win the business of this groundbreaking research organization. A deciding factor was the City Council’s foresight in having an ordinance already in place to allow testing within a commercial zone.
The City welcomes this STEM company and anticipates ancillary growth from new businesses attracted by the use. Mayor Matas commented “Our recruitment team worked closely with this company to welcome them and to help their transition to our evolving City. This R&D organization will be a great asset to our schools and community, and will help us continue to build our employment base."
Royal Emerald Pharmaceuticals was founded in 2017 by Mark Crozier, a first responder and military veteran. Mark had first-hand experiences with the challenges first responders and veterans face in their efforts to get quality medical care as a result of the impacts they face in their line of duty.
Crozier stated, “It is our mission to alleviate the impacts of PTSD and other health consequences veterans and first responders experience by creating safe and effective medicines.”
The company’s vision is to be leaders in the pharmaceutical field by creating non-addictive medicines for people suffering from the effects of trauma. The company contracts with the federal government; it also is the only commercial company with a cannabinoid-related GSA license.
Their Desert Hot Springs Research and Development facility will be used to create nonaddictive drugs for pain and opioid addiction, sleep apnea, PTSD, and other medical conditions.
The company is committed to be a long-term community partner. Crozier stated he looks forward to partnering not only with local schools, but with other community organizations as well.
The core management team will relocate from San Diego to start the new operation.