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New 60,000 Square Foot Lease at the Pacific Research Center Signed by Biomed Realty and Depomed
Date:4/9/2012

SAN DIEGO, April 9, 2012 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR) announced today the signing of a new ten-year lease with Depomed, Inc. (NASDAQ: DEPO) at its Pacific Research Center campus in Newark, California. Depomed, a specialty pharmaceutical company, leased approximately 60,000 square feet of space at Pacific Research Center North on BioMed Realty's multi-tenant Pacific Research Center campus.

Commenting on their relocation to the Pacific Research Center, Jim Schoeneck, Depomed's President and Chief Executive Officer, said, "We are excited about our move later this year to the Pacific Research Center. The combination of a vibrant, accessible campus and BioMed Realty's specialty expertise in understanding and operating life science real estate was certainly a factor in our decision to become part of the life science community at PRC."

Alan D. Gold, Chairman and Chief Executive Officer of BioMed Realty, said, "We are very pleased that Depomed has chosen the Pacific Research Center as its new corporate headquarters and research facility. The PRC campus will provide the ideal environment for the Depomed team to support the commercialization of Gralise™ which was launched in October 2011, and to continue its efforts to build a successful specialty pharmaceutical company. We look forward to building a long-term partnership with Depomed at PRC and supporting their groundbreaking research for years to come."

Over the past 18 months, BioMed Realty has leased over 660,000 square feet of laboratory, office and manufacturing space at the Pacific Research Center, which includes Pacific Industrial Center, Pacific Research Center North and Pacific Research Center South.

About Depomed

Depomed, Inc. is a specialty pharmaceutical company with two ap
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SOURCE BioMed Realty Trust, Inc.
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