Exact Sciences Corp. plans to make a $350 million investment in its Madison campuses that could create more than 1,300 new jobs, the Wisconsin Economic Development Corp. announced Thursday.

The cancer screening and diagnostics company plans to develop a new Research and Development Center of Excellence at its west-side Madison campus, which will allow the company to enhance its research capabilities related to its flagship colon cancer screening product Cologuard as well as its work on multi-cancer detection.

It also plans to build out new lab space featuring “new technology and automation” to increase testing capacity and support Cologuard product development and will add warehouse space consisting of ambient storage racking, cold storage and hazardous material storage, the WEDC said.

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