Date: 2016-11-22
Type of information: Opening of new premises
Compound: Kendall Square campus
Company: Shire (UK - USA)
Therapeutic area: Rare diseases
Type agreement: opening of new premises
Action mechanism:
Disease:
Details: * On November 22, 2016, Shire announced that it will expand its operations in Cambridge, Massachusetts, establishing a rare disease innovation hub and increasing its footprint in the heart of Kendall Square. Shire and BioMed Realty have signed a lease for a 343,000-square-foot building at 500 Kendall Street. Shire’s lease begins in Q3, 2018, with occupancy anticipated for Q1, 2019. With the adjacent space it currently occupies at 650 Kendall St., Shire will create a cross-disciplinary Kendall Square campus, with teams spanning research, clinical development, medical affairs, business development, and other related functions. Close coordination among these teams and with potential external partners will further catalyze Shire’s serial innovation across a range of rare diseases and highly specialized conditions. Shire will retain its current office, laboratory, and manufacturing space in Massachusetts, including its growing presence in Lexington, where it has been located since 2007. Shire currently employs more than 3,000 people in Massachusetts, and has increased the number of employees in the state by more than 670 percent in the past 11 years, including the creation of more than 700 new jobs in 2015 alone. The company currently occupies more than two million square feet in Massachusetts. As part of its planned growth in Kendall Square, Shire is undertaking a strategic review to identify which specific functions and individuals will be located there over time. Per its website, the company is actively hiring, with nearly 400 positions currently designated for Massachusetts.
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