Biopharm Firm to Expand in Parsippany, Says Mayor
The Medicines Company has been based in the township since 2001.
The Medicines Company continues to grow in Parsippany.
The global biopharmaceutical firm was founded in 1996 and moved to the township five years later. In 2003, the company decided to cement its Parsippany base, moving into new, larger Class A office space at 8 Sylvan Way.
A decade hence, The Medicines Company is expanding its headquarters again, according to Mayor James Barberio.
In a statement, the mayor said the biopharm firm's move to increase its local investment through an interior expansion of its existing facility shows that a Parsippany business address is in high demand.
"Historically, Class A office space does very well even during challenging economic times," the statement read. "Parsippany has the second-largest inventory of Class A office space in northern New Jersey with 10.4 million square feet."
The Medicines Company specializes in providing medications for acute and critical care patients. The firm also offers a new simulation technology that allows medical professionals to try their hands at emergency room procedures.
During Mayor Barberio's promotional visit to the Sylvan Way headquarters last week, the politician played surgeon, saving a fictional heart attack patient by successfully unblocking an artery and installing a stent through a vein in the faux patient’s arm.
“Not only was this an incredible experience, but ... this type of bio-technology offers doctors the opportunity to learn procedures and enhance their skills before they work on live patients," the mayor said. "It was also exciting to hear that The Medicines Company plans to further expand its business and it’s all happening here in Parsippany.”