Skanska to expand services.Skanska USA Building Inc. is forming the Skanska Pharmaceutical Group to extend the traditional construction management services provided to its pharmaceutical and biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. clients to include the validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of their facilities for FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval. Headquartered in Parsippany, NJ, the Skanska Pharmaceutical Group has offices in London, England, and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , and is currently serving major pharmaceutical clients in Belgium, the Netherlands, United Kingdom, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Uruguay and Puerto Rico. The new group will operate within Skanska's science and technology division. The company generated more than $630 million in pharmaceutical-related construction services revenue in 2002. "The Skanska Pharmaceutical Group places us in the forefront of redefining construction services for the pharmaceutical and biotech industries," said Skanska USA Building president and chief executive officer Michael J. Healy. "Adding validation to our already comprehensive construction services offering enhances our ability to be a one-stop resource for clients who are building facilities that will require FDA approval." Robert W. Mullen, corporate executive vice president and president of science and technology for Skanska USA Building Inc., added that the group "will create value for clients by integrating the entire construction process, from pre-construction through validation. The added expertise will also enable us to help clients incorporate the latest innovations into their facilities while maintaining costs." Mullen noted that two pharmaceutical engineering and construction industry veterans with more than 50 years of combined experience in facilities validation for FDA approval have joined the company to support the new group. Andrew D. Skibo has joined the firm as president of the Skanska Pharmaceutical Group and executive vice president of science and technology. Skibo has more than 30 years of experience in managing engineering and construction, focusing on validation operations related to major capital projects. He is responsible for expanding Skanska's presence in the pharmaceutical and biotech sectors, as well as medical devices and microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. . Skibo will also focus on developing international opportunities for the Skanska Pharmaceutical Group. Skibo holds a M.S. degree in chemical engineering/biomedical specialty and a B.S. degree in organic chemistry, both from the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, . Wael Allan has joined the firm as senior vice president of the Skanska Pharmaceutical Group, and along with Skibo, will serve as managing director of the pharmaceutical group's registered U.K. entity. Allan has extensive experience in managing a wide range of commissioning arm validation businesses in the pharmaceutical and biotechnology realm. He will be responsible for developing the group's global strategy, as well as focusing on operations, business development and growth. Allan holds a M.S. degree in biochemical engineering Biochemical engineering The application of engineering principles to conceive, design, develop, operate, or use processes and products based on biological and biochemical phenomena. and bachelor's degree in chemical engineering from the University College of Swansea in the United Kingdom. "We welcome Andy and Wael to Skanska and look forward to them leading our efforts in this new area, and to developing expanded opportunities for Skanska and added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
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