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All information provided on the Butler County Alliance Economic Development official web site is provided for information purposes only. Although every reasonable effort is made to present current and accurate information, Butler County Alliance makes no guarantees of any kind. Information on this web site is subject to change without prior notice.
Any links to external web sites and/or non-Butler County Alliance Economic Development information provided on Butler County Alliance Economic Development web pages are provided as a courtesy. They should not be construed as an endorsement by Butler County Alliance Economic Development of the content or views of the linked materials.
In no event shall Butler County Alliance Economic Development be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content or services available on or through the Butler County Alliance Economic Development web site.
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Amylin Pharmaceuticals
Selects Butler County, Ohio for Its $70 Million Biomedical
Manufacturing Plant. |
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Amylin will establish a $70 million biomedical manufacturing facility in West Chester, Ohio to manufacture a long-acting release formulation of exenatide, a compound in development for type 2 diabetes. Hamilton, OH, December 22, 2005 -- Butler County Board of Commissioners president Chuck Furmon announced today that the Commissioners unanimously approved an eight-year, 75 percent Enterprise Zone tax abatement for Amylin Ohio LLC, a subsidiary of San Diego-based Amylin Pharmaceuticals. Amylin will establish a $70 million biomedical manufacturing facility in West Chester, Ohio to manufacture a long-acting release formulation of exenatide, a compound in development for type 2 diabetes. “Amylin will create more than 50 jobs over a three-year period with an estimated payroll of more than $2.7 million. That’s an average annual salary of over $52,000 per employee,” said Commissioner Mike Fox. “These are the kind of well paying, high tech jobs that are important for Butler County’s continued growth to a knowledge-based economy.”
The
facility will be located in an existing 151,200 sq. ft.
building at 8814 Trade Port Drive in the Union Center
Boulevard district of West Chester. This project will begin
in early January 2006, and will be completed in phases,
allowing initial use of the facility before the final
aspects of construction are completed in 2008. Under the
approved Enterprise Zone agreement, Amylin will receive tax
benefits for making investments for the project Exenatide LAR, the long-acting release formulation of exenatide, is being developed for once-weekly administration. BYETTA is the trade name for a formulation of exenatide that is approved by the Food and Drug Administration (FDA) for twice-daily use by people with type 2 diabetes who are unsuccessful at controlling their blood sugar levels despite using commonly prescribed oral medications metformin, a sulfonylurea, or both. Exenatide LAR has not been approved by the FDA for marketing in the United States. The exenatide LAR development program is a collaboration among Amylin; Alkermes of Cambridge, Massachusetts, which also has a facility in Wilmington, Ohio; and Eli Lilly and Company of Indianapolis, Indiana. |
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