July 6, 2007

Cobb Lands Firm's $19 Million Project

Bill Hendrick

A North Carolina-based pharmaceutical development company said Thursday it is expanding its presence in Cobb County by spending $19 million to consolidate its operations.

Quintiles Transnational Corp. Chairman Dennis Gillings made the announcement at the Cobb County Chamber of Commerce along with Gov. Sonny Perdue and Cobb Commission Chairman Sam Olens.

The expansion is expected to create 400 jobs over the next four years. The company will move its Global Central Laboratories in Smyrna and its Clinical Development Services office in Atlanta to the former AT&T building in Marietta. The facility will become the headquarters of the company's worldwide laboratory operations.

"They do a lot of the human clinical trials for most of the pharmas [pharmaceutical companies]," Olens said. "They are in 51 countries with a total of 18,000 employees. And we were competing against Research Triangle Park in North Carolina."

The first employees will move into the facility next year. Gillings said more demand for its clinical development and lab services led to the expansion decision.

Last week, UCB SA, a global bio-pharmaceutical company based in Brussels, Belgium, announced a $5 million expansion of its U.S. subsidiary's headquarters, in Cobb County.

"Quintiles' decision to expand its operations in Georgia is a tribute to our highly skilled work force and our robust business environment," Perdue said.

Georgia ranks seventh in the United States in the number of bioscience companies located in the state.