Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WALPOLE, MA-German pharmaceutical conglomerate Bayer AG has broken ground on a $100 million expansion of its Walpole facility that will add approximately 116,000 sf of manufacturing and warehouse space to its existing 400,000 sf Walpole operation.

Susan Yarin, director of global communications for the diagnostic and diabetics care division of Bayer HealthCare, tells GlobeSt.com that the expansion, which should be completed by 2008, will increase the capacity of the company’s medical diagnostics division by 25%.

“One of the reasons we’re expanding is to meet the growing demand for our products,” she says, adding that the plant is currently operating at full capacity. The expansion, which is expected to be completed in the next 18 to 24 months, will allow the company to increase production of its current products and finished goods and provide space for raw material storage and final product packaging, she notes. At least 70 jobs will be added as a result of the expansion.

Bayer Healthcare also leases 100,000 sf of lab and office space for its Diagnostic Division at 2 Edgewater Dr. in Norwood and has a third facility at Norwood Park South in Norwood.

Bayer HealthCare’s expansion marks the start of a suburban boom in the life science industry that includes the recent announcement by Bristol-Myers Squibb Co. that it will build a 750,000 sf manufacturing facility in Devens that will bring more than 500 jobs to the area in the next five years.

Last year, Charles River Laboratories International paid $27.5 million for a 400,000 sf building in Shrewsbury in an expansion of its preclinical facilities. The firm also is expected to open an additional 250,000-sf building in Shrewsbury early next year. The combined facility will house approximately 800 employees.

Both Genzyme and Boston Scientific also have expanded their suburban biotech operations in the last two years as the demand for new life science products continues to increase.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.