Roche Selects Alexandria Center for Life Science in New York City as Location of Its New Translational Clinical Research Center
~ Site represents a thriving environment with access to
world-class hospitals, academia and innovation ~
NUTLEY, NJ – September 20, 2012 – Today, Roche (SIX:
RO, ROG; OTCQX: RHHBY) announced that the Alexandria Center for
Life Science on the East side of Manhattan has been selected as the
location for its new Translational Clinical Research Center (TCRC).
The TCRC will be the critical early development presence for Roche
Pharma Research and Early Development (pRED) in the U.S. Roche has
taken an 11-year lease on the property and
anticipates moving staff to the new site at the end of 2013,
following completion of the Alexandria Center’s West
Tower. The Alexandria Center is owned and operated by Alexandria
Real Estate Equities, Inc. (NYSE: ARE).
“We are very pleased with the selection of the Alexandria
Center as this will be a strategically important site for
Roche,” said Mike Burgess, M.D., Acting Global Head, Roche
Pharma Research and Early Development. “We looked at
several great properties in New York and New Jersey and selected
the Alexandria Center for its unique location as well as the
dynamic, vibrant and thriving scientific atmosphere it offers. For
Roche research, having the TCRC located in the Alexandria Center
will be a critical element in helping us maintain the high caliber
of scientific excellence within Roche pRED, carry out our long-term
strategic research vision, tap into scientific expertise, and find
new and innovative ways to move the drug development
process forward.”
The TCRC is designed to build upon and enhance connections to U.S.
stakeholders, maintain interactions with the Food and Drug
Administration (FDA), and enhance collaborations with U.S.-based
partners. The Center will take projects from discovery (in
Europe) through the Lifecycle Investment Point (i.e., transitioning
molecules from early- to late-stage development). Staff at the
Center will be responsible for leading global early development
programs and clinical trials, as well as developing strategy and
implementing translational research programs focused on disease
understanding and the development of potential new medicines. Roche
will transfer approximately 200 employees from pRED and
Product
Development in Nutley to the Alexandria Center.
“I also want to recognize and thank the State of New
Jersey for the outstanding effort they made to have us consider
locating the TCRC in New Jersey,” added Dr. Burgess.
“Governor Chris Christie and Lt. Governor Kim Guadagno made
an extremely compelling case for the unified Rutgers and Robert
Wood Johnson complex in New Brunswick. One outcome of their
efforts is that we have decided to keep around 50 management-level
positions in a Northern New Jersey
location.”
Roche announced in June that it will streamline pRED’s
research and development activities and refocus its research
portfolio to ensure efficient allocation of resources for the
company’s expanding late-stage product development pipeline.
As part of the process, the Nutley site will be closed and cease
business operations at the end of 2013. Roche will then prepare the
119-acre facility site for divestiture and look for a potential
buyer for the property.
About Roche Research
Roche believes that a diversity of views, cultures and approaches
promote creativity, especially in research and early development.
As a result, Roche has three R&D groups within the
Pharmaceutical organization: Pharma Research and Early
Development (pRED in Europe and China and the TCRC in the U.S.),
Genentech Research and Early Development (gRED in California) and
Chugai (in Japan). These groups operate independently within the
Roche Group, forming hubs of an innovation network that includes
alliances with more than 150 outside partners. This unique
structure is designed to foster innovation from research and early
development through late-stage development and marketing. The TCRC
will be the critical early development presence for Roche pRED in
the U.S.
About Roche
Headquartered in Basel, Switzerland, Roche is a leader in
research-focused healthcare with combined strengths in
pharmaceuticals and diagnostics. Roche is the world’s largest
biotech company with truly differentiated medicines in oncology,
virology, inflammation, metabolism and CNS. Roche is also the world
leader in in-vitro diagnostics, tissue-based cancer diagnostics and
a pioneer in diabetes management. Roche’s personalized
healthcare strategy aims at providing medicines and diagnostic
tools that enable tangible improvements in the health, quality of
life and survival of patients. In 2011, Roche had over 80,000
employees worldwide and invested over 8 billion Swiss francs ($9
billion US) in R&D. The Group posted sales of 42.5 billion
Swiss francs ($47.8 billion US). Genentech, United States, is a
wholly owned member of the Roche Group. Roche has a majority stake
in Chugai Pharmaceutical, Japan. For more information: www.roche.com or
www.roche-nutley.com.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), a
self-administered and self-managed real estate investment trust
(REIT), is the largest and leading investment-grade REIT focused
principally on owning, operating, redeveloping, developing, and
acquiring high-quality, sustainable real estate for the broad and
diverse life science industry. Founded in 1994, Alexandria was the
first REIT to identify and pursue the laboratory niche and has
since had the first-mover advantage in every core life science
cluster location including Greater Boston, San Francisco Bay, San
Diego, New York City, Seattle, Suburban Washington, D.C., and
Research Triangle Park. Alexandria's high-credit
client-tenants span the life science industry, including renowned
academic and medical institutions, multinational pharmaceutical
companies, public and private biotechnology entities, U.S.
government research agencies, medical device companies, clean
technology companies, venture capitalists, and life science product
and service companies. As the recognized real estate partner of the
life science industry, Alexandria has a superior track record in
driving client-tenant productivity and innovation through its
best-in-class laboratory and office space, collaborative locations
adjacent to leading academic and medical institutions, unparalleled
life science real estate expertise and services, and longstanding
and expansive network in the life science community, which we
believe result in higher occupancy levels, longer lease terms,
higher rental income, higher returns, and greater long-term asset
value. For more information, please visit www.are.com.
All trademarks used or mentioned in this release are protected by
law.
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Hoffmann-La Roche Inc. 340 Kingsland Street
Nutley, New Jersey 07110-1199
Public Affairs Department
Contacts:
Darien E. Wilson, Roche
973-562-2232
Darien_e.wilson@roche.com
Joel S. Marcus, Alexandria
626-578-9693
jmarcus@are.com
Posted: September 2012
