Small Molecule

Shire to Move Headquarters, 500 Jobs to Boston Area

Nov 19, 2014

Philly.com

Shire Plc plans to move its U.S. headquarters and more than half the 970 jobs at its Chesterbrook, Pa., offices near Valley Forge to the Boston area.

According to an article in The Inquirer, the company, incorporated in the British tax haven island of Jersey, employed 1,100 plus 300 contractors at Chesterbrook as recently as 2012, and previous CEO Angus Russell had considered local sites for a larger Philadelphia-area campus. But current CEO Dr. Flemming Ornskov had other plans. Ornskov said, "Our strategy is to become a leading biotechnology company, and Boston is a biotech center." Read the full story