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Ipsen Shifting North American Headquarters to Cambridge

French Biopharmaceutical Firm Will Relocate U.S. Corporate Offices from Basking Ridge, NJ, Over 12-Month Period
June 11, 2018
Global biopharmaceutical group Ipsen is moving its North American headquarters to Cambridge, MA, the Paris-based company disclosed at the 2018 BIO International Convention held this week at the Boston Convention & Exhibition Center.

Over the next 12 months, Ipsen (Euronext: IPN; ADR: IPSEY) will shift the core of its North American operations from 106 Allen Rd. in Basking Ridge, NJ, to Cambridge, where the organization will establish its third global biotech hub alongside its locations in the United Kingdom and France. Ipsen, which signed a six-and-a-half year lease back in 2012 for roughly 30,000 square feet at 106 Allen, confirmed it will keep a core services center in Basking Ridge.

“We are entering into a new era of innovation and growth for Ipsen as a leading global biotech company. By bringing our headquarters to Cambridge, we will build a sustainable innovation engine to advance opportunities for our employees and our overall business,” said Richard Paulson, chief executive officer of Ipsen North America, in a release.

Right now, Ipsen has 150 people based in Basking Ridge, and the company expects that 30 of those jobs will remain in New Jersey, according to company spokeswoman Marisol Peron.

Ipsen already has a presence in Cambridge with two locations in Kendall Square: a manufacturing hub at One Kendall Square, and offices at 650 E. Kendall St., home to the company's global external innovation and partnering, and research and development departments.

Whether Ipsen will elect to consolidate its offices at one of the company's current locations or lease a new building within Kendall Square for its U.S. headquarters has not been confirmed, though the company said in a release the new space will house its global external innovation and partnering team, research and development department, manufacturing teams and "certain commercial roles." The move is expected to create 250 new jobs in Cambridge over the next few years, according to local reports.
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