Amylin Ohio LLC has selected a location for a new production facility in West Chester, located in Butler County. The facility will be used to manufacture medication to treat diabetes.
Amylin announced it has acquired an existing 150,000 square foot building and 26 acres of land on Trade Port Drive in West Chester. It will upgrade the facility for the purposes of pharmaceutical production.
Based in San Diego, Amylin is establishing its first production facility for a long-acting release (LAR) formulation of exenatide, a product candidate in development for the treatment of type 2 diabetes. The $70 million project is expected to create more than 50 jobs during its first three years of operation.
“Ohio's business climate, including its recent tax reform was a favorable influence on Amylin's decision to locate in Butler County,” said Ginger L. Graham, President and CEO of Amylin Pharmaceuticals. “We are also very pleased with the cooperation and resources available to us in Ohio and Butler County, and look forward to building relationships within the community.”
Ohio was in competition with Kentucky, North Carolina, Massachusetts and California for the project, which was aggressively pursued by the Ohio Department of Development and local officials.
In addition to local incentives, ODOD offered more than $3 million in incentives, including tax credits and exemptions and grants for machinery, equipment and training. Amylin will also benefit from Ohio’s new tax structure, which is eliminating taxes on tangible personal property and profits, reduces personal income tax by 21% and exempts taxes on sales to destinations outside Ohio.
“Omeris is pleased to welcome Amylin to the growing list of elite pharmaceutical and biotechnology firms expanding or relocating to Ohio,” said Tony Dennis, president of Omeris, Ohio’s bioscience development organization. “We think Amylin’s expansion in Ohio is a harbinger as well as a continuing validation of Ohio’s bioscience value. The global bioscience and pharmaceutical industries have realized that Ohio presents a unique and ideal environment for growth.”
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