All about business

The High Point City Council has voted to approve an incentive package for a startup drug company that is considering locating there.

The incentives for Apixir Pharma Sciences would be worth up to $35,000, if the firm does open a facility and meets certain milestones. Officials with the High Point Economic Development Corp. said Apixir plans to create at least 25 local jobs within three years, mostly in scientific and research positions. The average wage would be between $40,000 and $50,000 per year.

The company is considering a location at Premier Office & Technology Park, but is also considering other locations in the Triad and elsewhere, officials said.

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