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Daiichi Sankyo, Inc. Celebrates the Growth of Its U.S. Headquarters
Date:5/13/2009

. headquarters facility houses Daiichi Sankyo's 480 Parsippany-based employees, including corporate offices and all functions that support the company's commercial operations. When completely staffed, the building will house approximately 600 employees. In addition, the company has a clinical development division in Edison, New Jersey that employs 350 people who oversee clinical trials being conducted around the world.

The company expanded its U.S. workforce over the past few years as it launched several products for the treatment of hypertension, lipid disorders and diabetes, and in anticipation of the continuing development of its robust pipeline of compounds for cardiovascular disease and oncology, including an antiplatelet agent currently under FDA review.

According to a 2008 report by the HealthCare Institute of New Jersey, drug industry employment in the state dropped by 600 jobs in 2007, but Daiichi Sankyo experienced a 100 percent increase in New Jersey personnel from 2007 - 2008 alone, and a 10-fold increase in employees since its first occupancy of 15,000 square feet at the headquarters building in 1997.

"We are very happy to have made New Jersey the site of our U.S. headquarters," said Joseph P. Pieroni, president and CEO, Daiichi Sankyo, Inc. "The state has a long history of supporting the pharmaceutical industry and offers a highly skilled workforce to help us stay competitive. We're pleased to be part of the Parsippany community, and to have partnered with our neighbors in supporting projects that are vital to the well-being of New Jersey residents," Pieroni added.

About Daiichi Sankyo, Inc.

Daiichi Sankyo Inc., headquartered in Parsippany, New Jersey, is the U.S. subsidiary of Tokyo-based Daiichi Sankyo Co., Ltd., which is a global pharmaceutical innovator. The headquarters company was established in 2005 from the merger of two lead
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SOURCE Daiichi Sankyo, Inc.
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