Germany-based Boehringer Ingelheim has agreed to buy a facility for biotech drug development and manufacturing in Fremont, CA owned by Amgen (NASDAQ: [[ticker:AMGN]]). The 100,000 square foot facility, where about 360 people work, is expected to formally be handed over to Boehringer Ingelheim before the end of March, the companies said. Terms of the deal weren’t disclosed. Amgen obtained the facility through its $2.2 billion acquisition of Abgenix in 2006. The biotech giant said it plans to maintain a presence in the Bay Area through its South San Francisco facility.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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