Pharmaceutical & Biotech
Sanofi-aventis Begins Construction of $60 million LEED-Certified Pharma Research Center in Arizona
Chestnut Construction (Tucson, Arizona) will oversee construction of the newest sanofi-aventis research center. After the project is complete in 2009, ...
Released Wednesday, November 28, 2007
Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--Determined to remain one of the world's largest pharmaceutical companies, France's sanofi-aventis (NYSE:SNY ) has begun construction on a $60 million research center in Oro Valley, Arizona. As reported in June 2006 by Industrial Info's Pharmaceutical Tracker the company purchased an 11-acre site in Innovation Park to construct the 110,000-square-foot facility, which will be built to Leadership in Energy and Environmental Design (LEED) standards to help ensure a constant supply to the company's drug pipeline.
Research at the new center will continue to focus on early stage drug development for sanofi-aventis, which has a wide portfolio with products ranging from vaccines to over-the-counter drugs. The Tucson operation began as the Selectide Corporation, which was founded in 1990 by four University of Arizona professors. After several changes in ownership over the years, a subsequent series of mergers and acquisitions led to its current ownership by what became sanofi-aventis in 2004.
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