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Biotech makes major move to county

Mary Sue Iarocci

Jul-10-09, 05:33 PM

3 Votes

Topics: Economic Development, Productivity

OSI Pharmaceuticals Inc. is consolidating its far-flung biotech operations and relocating to Ardsley Park, the former home of Purdue Pharma and Ciba-Geigy.

The company said it expects to save some $15 million in yearly operating expenses after completing the consolidation by the fourth quarter of next year.

The hilly, 43-acre campus along Saw Mill River Road in the town of Greenburgh contains four buildings with 400,000 square feet of office and laboratory space. OSI paid $27 million for the site, which is assessed at $32 million.

A longtime fixture on Long Island, CEO Colin Goddard called OSI’s consolidation a strategic move both financially and site-wise.

“After an extensive and highly competitive process involving the exploration of options in different states, we have identified a campus that will represent a first-rate facility for our company and provide for all foreseeable expansion needs over the next several years. We are delighted that OSI will remain in New York state and we look forward to being an integral part of a growing cluster of quality biotech companies in Westchester County.”

OSI joins biotech companies Regeneron, Emisphere Technologies, BioReference labs, Siemens, Ciba and Quest Diagnostics in Greenburgh.

The company is looking to begin moving 350 employees from Melville and Farmingdale, as well as those in Cedar Knolls, N.J., and Boulder, Colo., later this year.

OSI will continue to operate its diabetes and obesity unit in Oxford, England.

Construction and improvements at the Ardsley campus are expected to begin in August.

Incentives from the county and state include a PILOT agreement, a payment in lieu of taxes, for a proposed term of 15 years.

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