Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter pharmaceuticals and nutraceuticals.
Representing an investment of more than $6.7 million by A&Z Pharmaceuticals Inc. and its affiliate, AiPing Pharmaceuticals Inc., the project is expected to add 35 jobs to the company’s existing job roll of 162 while at the same time bolstering the region’s pharmaceutical sector.
The project will include the conversion of existing underutilized warehouse space to a production and manufacturing area to accommodate additional employees and machinery required for the company to transition to prescription pharmaceutical operations.
“A& Z Pharmaceutical has been a leading manufacturer for 30 years in the global pharmaceutical and growing supplement market. This project will strengthen A&Z’s manufacturing capabilities and support the continued growth of Suffolk County’s manufacturing and pharmaceutical industry,” said Kelly Murphy, executive director of the Suffolk County IDA. “Projects like this ensure that Suffolk continues to be a hub for innovation, high-quality jobs, and long-term economic vitality.”
In addition to its over-the-counter medications and nutraceuticals, A&Z’s facility is also FDA-registered to manufacture such prescription drugs as Amitriptyline HCl, which is used to treat depression; Buspirone, which is used to treat generalized anxiety disorder; Meloxicam, which is used for arthritis pain management; and Metformin HCl, which is used to treat diabetes. The company has increased its number of FDA prescription drug licenses by 20 in 2025 and potentially another 10 in 2026.
“We are grateful for the continued partnership of the Suffolk County Industrial Development Agency,” said CEO Emma Li Xu, who founded A&Z as a four-person business 30 years ago after working in China, Hong Kong, and Australia. “With the IDA’s critical support, we can move more of our manufacturing and development to Suffolk County.”
A&Z uses its buildings for domestic sales and as a lab./R&D, and manufacturing site for the export of over-the-counter pharmaceuticals, nutraceuticals and prescription pharmaceuticals.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.