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Business

Baxter Establishes Cambridge R&D Site …

by Lisa M. Jarvis
October 6, 2014 | A version of this story appeared in Volume 92, Issue 40
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In advance of spinning off its biopharmaceuticals business, Baxter is establishing an R&D center in Cambridge, Mass., for the new company. To become stand-alone in mid-2015, the new firm, Baxalta, will focus on hematology, immunology, gene therapy, and biosimilars. Some 400 scientists will be based at the R&D center, alongside Baxalta’s business development, oncology, and biosimilars teams. Baxalta will continue R&D in Vienna, Austria, but some R&D positions from California and Austria will relocate to Massachusetts.

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