Myoderm, the provider of clinical trial services to pharmaceutical companies, has begun development on its new headquarters and warehouse facility in Horsham, writes Natalie Kostelni for the Philadelphia Business Journal.
The company which started as a small drug store in Norristown in 1865 now has 80 employees, with 50 moving to the new 65,000-square-foot building when it’s completed. Myoderm, which is currently headquartered in Norristown, also has operations in England.
The company’s new headquarters will take up 20,000 square feet of the building, with the remainder to be used for operations. This will include lab, warehouse, rack storage, labelling rooms, and various other spaces.
Eventually Myoderm plans to double the number of employees at the new facility. The company also has the option of a second phase of development that would add another 65,000 square feet to the building sometime in the future.
“We expect big things,” said Michael Cohen, executive chairman of the company. “This is a significant investment and we’re very confident there will be a return in that investment. This will take us to another level.”
The new facility is expected to be finalized during the second part of next year.
Read more about Myoderm at the Philadelphia Business Journal by clicking here.
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