Stiefel Laboratories Tags Former Eli Lilly Plant in RTP as Site for Global Research Institute

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Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas). North Carolina has scored yet another win in the increasingly competitive life science site selection contest (reference: 2006 Pharmaceutical-Biotech Forecast) with Stiefel Laboratories’ (SLI) (Coral Gables, Florida) decision to locate their global research and development headquarters in Research Triangle Park. The August C. Stiefel Research Institute (SRI), a wholly-owned subsidiary of Stiefel, will spend nearly $54 million transforming a former Eli Lilly building into its global R&D headquarters.

Currently located in Oak Hill, New York, SRI will transfer all of the New York operations to the RTP site (reference: Pharmaceutical Tracker - Online Database). The company expects to create approximately 200 jobs over the next five years. These new jobs will be primarily research and development and support positions and are expected to pay an average wage of $71,750 a year plus benefits. This is almost double the existing Durham County average wage of $32,864 without benefits.

SLI has its world headquarters in Coral Gables, Florida, and employs approximately 3,000 people worldwide. The company specializes in the research, development and manufacturing of prescription and over-the-counter skin care products to treat acne, psoriasis, hyperpigmentation and other skin conditions. The SRI facility in Durham County will conduct research and development covering a wide range of dermatological conditions in support of the company's worldwide initiatives.

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