FARGO - North Dakota State University's newest building will be named after a company started by two of its alumni, the university said Thursday, Oct. 4.

Aldevron Tower is an addition to Sudro Hall that's scheduled to open in 2020.

Aldevron the company is a biotechnology firm started in 1998 by Michael Chambers and John Ballantyne. Today it has operations in Fargo; Madison, Wis.; and Freiburg, Germany.

The $28 million cost of the six-story Aldevron Tower was raised by alumni, businesses and friends of the university making it the largest privately-funded academic facility on campus, the university said. Sudro Hall is home to the College of Health Professions and university officials said the addition will help them meet the region's growing need for health care workers.