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Archimedes Pharma US Announces New US Headquarters In Bedminster, New Jersey
Date:8/23/2010

READING, England and BEDMINSTER, N.J., Aug. 23 /PRNewswire/ -- Archimedes Pharma, an emerging specialty pharma company focused on oncology, pain, neurology and critical care sectors, announced today the location of its new US headquarters in Bedminster, New Jersey.

Archimedes has offices in a number of European countries and markets a range of therapeutics in Europe.  The opening of its US office marks the continued expansion of the company's global commercial presence.  The New Jersey location will provide Archimedes access to the deep resource pool of New Jersey-based specialty pharma professionals.  Archimedes will add a significant number of positions this year, including sales & marketing, regulatory, finance, human resources and medical affairs.

The New Jersey Economic Development Authority awarded a Business Employment Incentive Program (BEIP) grant for Archimedes Pharma US to create up to 75 new jobs.  BEIP grants are available to businesses looking to expand or relocate while creating job growth in New Jersey.

Jeffrey H. Buchalter, President and CEO of Archimedes Pharma, reaffirmed Archimedes' commitment to New Jersey and said, "The new US headquarters in Bedminster is a significant milestone in Archimedes' development as an emerging global specialty pharmaceutical company.  With Archimedes' rapidly growing and diverse drug delivery technologies and products portfolio, we are in the process of establishing our own US organization and are actively recruiting top-tier senior-level management positions to support market penetration across the USA and globally. The BEIP grant awarded to us by the state was the deciding factor when choosing a US location.  We're committed to New Jersey and growth of the pharmaceutical business here."

Archimedes' lead product, PecFent®, an innovative fentanyl nasal spray for the treatment of breakthrough cancer pain, received a Positive Opinion
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SOURCE Archimedes Pharma
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