Biopharmaceutical Firm, ViroPharma, Expands In Exton, Pa, Creating 151 New Jobs
09/14/2012
ViroPharma said it will nearly double its current available space by leasing an additional 71,000-square feet of office space at 730 Stockton Drive to accommodate planned growth. The expansion will enable the company hire at least 151 employees to its workforce of 188 within three years.
"For us it is about growth. ViroPharma has been in Exton for many years and we love our home here," said ViroPharma President and CEO Vincent J. Milano. "We're committed to this area for the long-term and look forward to creating opportunities in this community."
"ViroPharma is a true Pennsylvania success that continues to grow and create jobs in the region," said Gov. Tom Corbett. "What started as a small team of entrepreneurs in Exton has now evolved into an international biopharmaceutical company employing hundreds of Pennsylvanians.
As an incentive, the company received $583,000 in funding from the Department of Community and Economic Development, including a $130,000 Pennsylvania First grant and $453,000 in Job Creation Tax Credits.
"Chester County is fortunate to have companies like ViroPharma who continually innovate and reinvent themselves," said Chester County Economic Development Council President and CEO Gary Smith. "Their expansion is the latest evidence that the life science community in Chester County is alive and well." The amount of the company's capital investment was not immediately available.
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