Bayer to Remain in Berkeley

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Berkeley's largest private employer, West Coast Bayer Healthcare Pharmaceuticals, announced its plans at a press conference this afternoon to remain in the city and to invest more than $100 million in upgrading its facilities to produce a new drug.

The company announced in August that it was considering outsourcing work on Kogenate, a drug used to treat hemophilia. The drug is the only one currently manufactured at Bayer's Berkeley location.

However, area cities were able to work together with the state government to extend a tax incentive program to Bayer, which motivated the company to stay in the area.

"Bayer is proud to be the East Bay's largest biotech employer and part of the emerging 'Green Corridor,'" said Joerg Heidrich, head of Bayer's Berkeley site, in a press release following the conference.

At the press conference this afternoon, Bayer announced plans to invest more than $100 million to upgrade its facilities in order to manufacture the next generation of Kogenate. The facilities upgrade will include a switch to state-of-the-art equipment and new biotechnology innovations, according to the conference.

The updates will start immediately and will continue for the next four years.

"The decision by the Bayer Board to make the investment in Berkeley is a significant 'win' for our employees and the surrounding communities," Heidrich said.

Tags: BAYER


Contact Denise at [email protected]



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