BAXTER TO ADD 200 JOBS FACILITIES IN L.A., T.O. TO BE EXPANDED.Byline: Chris Sieroty Staff Writer GLENDALE - Biotechnology giant Baxter Healthcare Corp. will spend approximately $200 million and add 200 jobs to increase production of genetically engineered genetically engineered adjective Recombinant, see there blood therapy products in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. area, the company said Wednesday. The Deerfield, Ill.-based company, the U.S. subsidiary of Baxter International Baxter International Inc. (NYSE: BAX), is a global healthcare company with 48,000 employees and 2006 sales of US$10.4 billion. Its headquarters is in Deerfield, Illinois. Inc., is seeking approval from the Food & Drug Administration for a $100 million expansion of its Hyland Immuno manufacturing plant in Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. where it makes the lucrative recombinant therapy, a treatment for hemophilia. Last week Baxter sought federal approval to construct an additional production line at the Thousand Oaks facility built two years ago and will make a similar proposal to the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community by April 30, said company spokeswoman Tali Tali: see Dali, China. Kaplan. Baxter expects to apply for a third production line by June and hopes to receive approvals for both by the end of the year, she said. This will allow the company to triple production of its recombinant Factor VIII factor VIII n. A factor in the clotting of blood, a deficiency of which is associated with hemophilia A. Also called antihemophilic factor, antihemophilic globulin, antihemophilic globulin A, therapy. Demand for the recombinant product has doubled in the last five years, said Kaplan. The expansion will represent an increase of 150 jobs by 2001, bringing the total employee base in Thousand Oaks to approximately 500. ``We will be able to better leverage our manufacturing capabilities, and continue to deliver innovative products to patients around the world,'' Thomas Glanzmann, president of Baxter's Glendale-based Hyland Immuno Division, said in a statement. Gary Wartik, manager of economic development for Thousand Oaks, said the expansion would be great for the region. The company currently occupies a 100,000-square-foot building on Rancho Conejo Boulevard north of Lawrence Drive. ``The city is always interested in the maintenance of its job base, especially when it contributes to the city's economic vitality,'' said Wartik. Baxter is also spending $100 million on a new 40,000-square-foot plasma- processing plant to be located next to its facility in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . It is expected to be operational in 2003, said Kaplan. The company will hire an additional 50 employees by the end of the year, she said. ``This investment reflects the tremendous opportunity we see for growth in the biosciences area,'' Harry M. Jansen Kraemer Jr., chairman and chief executive officer, said in a statement. Rocky Delgadillo Rockard John "Rocky" Delgadillo (born July 15 1960) is the current City Attorney of Los Angeles, California. Career
``I think it's just another demonstration of the prominence of Los Angeles as a center of the biomed industry,'' said Delgadillo. Baxter, the world's second-largest maker of medical products, also will invest an additional $200 million to increase its medical-making ability overseas. Blood therapy products contribute about $7 billion, or 30 percent, to the company's annual revenue. CAPTION(S): photo Photo: (color) Baxter Healthcare plans to expand its Hyland Immuno manufacturing plant in Thousand Oaks, where it makes a recombinant therapy for hemophilia. Daily News |
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