12/5/2012 9:42:50 AM
Times Union: Albany Molecular to open Buffalo center
ALBANY — Albany Molecular Research Inc. plans to open a new pharmaceutical research, development and testing facility in Buffalo, Gov. Andrew Cuomo announced Tuesday.
The new laboratory will employ 250 people and represent $200 million in private investment and $50 million in state funding.
The project will have no impact on AMRI's operations in Albany, said Louis Garguilo, vice president, business development, for AMRI. The company employs 1,300 people, 700 of them upstate, and has invested $200 million in Albany and Syracuse over the years, the governor's office said.
AMRI was providing only a portion of the private funding in the Buffalo project, Garguilo said.
There was no competition between the Capital Region and Buffalo for the new facility, he said. AMRI was approached by the governor's office and by the University at Albany's College of Nanoscale Science and Engineering to participate in the development effort, Garguilo added.