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Regeneron Pharmaceuticals Announces Expansion in New York's Hudson Valley
Date:4/4/2013

egeneron occupies approximately 590,000 square feet of space at the site and will occupy another 85,000 square feet of additional space there later this year.  The expansion will enable the Company to continue to accommodate the rapid growth it has experienced over the last six years – from 682 employees in 2007 to 2,000 today, including more than 1,300 employees in Tarrytown and nearly 600 at its industrial operations and product supply facility in Rensselaer, New York.

Last November, Governor Cuomo announced Regeneron's plans to invest nearly $70 million to expand its manufacturing capacity in Rensselaer and create 300 new jobs in the Capital Region.  With the Rensselaer and Tarrytown expansions, the company is slated to create more than 700 new jobs in New York State and invest approximately $170 million in capital expansion in New York over the next few years.

The company had also considered expanding outside New York before the State stepped in with $8.5 million in tax credits through the Excelsior Jobs Program and the Town of Mount Pleasant Industrial Development Agency offered additional incentives.Construction of the new buildings is anticipated to begin in late 2013 and to be completed in late 2015.

About Regeneron Pharmaceuticals, Inc.
Regeneron is a leading science-based biopharmaceutical company based in Tarrytown, New York that discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions.  Regeneron markets medicines for eye diseases, colorectal cancer, and a rare inflammatory condition and has product candidates in development in other areas of high unmet medical need, including hypercholesterolemia, rheumatoid arthriti
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SOURCE Regeneron Pharmaceuticals, Inc.
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