Regeneron Pharmaceuticals to Expand Tarrytown Campus

Regeneron Pharmaceuticals, Inc. will invest $150 million to expand its Tarrytown campus, a move that will create 300 new jobs in the region, company officials and Gov. Andrew Cuomo announced Thursday.

The company, which has been in New York since 1988, currently occupies more than 1 million square feet of commercial space on the campus. And the expansion will add another almost 200,000 square feet, plus a 400-space parking garage.

“Today we are continuing to show that New York is a great place to do business,” said Cuomo in a statement. “This expansion is proof that New York’s support of businesses like Regeneron is continuing to grow the economy and create jobs in communities across the State. I look forward to seeing the biotechnology sector continue to thrive in New York in the years to come.”

Regeneron has added nearly 1,000 new employees throughout its New York locations so far this year.

Worldwide, the company has added more than 1,200 employees.

“New York has been Regeneron’s home since 1988, and the many scientific advancements made in our Tarrytown labs have yielded four approved treatments and an important pipeline of potential medicines for people with a range of serious diseases,” said Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. “We look forward to continued growth and expansion in New York as we continue our work to bring innovative new therapies to patients in need.”

Since 2007, the company has grown from 682 employees to more than 4,000, 3,150 of whom are located in New York.

“I applaud Regeneron Pharmaceuticals’ commitment to expand operations and bring more good paying jobs to our community and thank Governor Cuomo for his leadership on this issue,” said Senate Democratic Leader Andrea Stewart-Cousins in a statement. “For our state to succeed in the new economy we must continue to make wise investments and work closely with pioneering companies and entrepreneurs. Our strategic partnership with Regeneron is an excellent example of this innovative model, one which I hope will be replicated with equal success throughout New York State.”

Added Assemblyman Thomas J. Abinanti, “We are thrilled that Regeneron continues to grow, not only in Tarrytown but throughout New York State. Regeneron continues to deliver success after success with their groundbreaking series of innovative medical advancements. We thank Governor Cuomo and companies like Regeneron for committing to Upstate New York and to our talented workforce.”

Photo: Regeneron President and CEO Leonard Schleifer, left, and Gov. Andrew Cuomo at the company’s announcement of its $150 million expansion project. Photo credit: Regeneron Pharmaceuticals, Inc.