PHILADELPHIA, PA — On Friday, Adare Pharma Solutions marked a pivotal expansion with a $16.8 million investment, relocating its global headquarters from New Jersey to Philadelphia. This strategic advancement, highlighted by Pennsylvania Department of Community and Economic Development (DCED) Secretary Rick Siger, signals a major enhancement of the Commonwealth’s dynamic life sciences sector.
The expansion promises the creation of at least 115 new, high-paying jobs, while safeguarding 200 existing positions within Pennsylvania. The relocation of Adare’s headquarters, coupled with the expansion of its Philadelphia manufacturing and packaging facilities, represents a significant achievement in Pennsylvania’s broader economic development strategy.
“Having a company like Adare relocate its global headquarters to Philadelphia is a fantastic win for our Commonwealth and proves Pennsylvania gets it done,” commented DCED Secretary Siger, underscoring the administration’s dedication to bolstering the state’s life sciences industry, a cornerstone of its economic development framework.
Facilitated by a $2.4 million funding offer from the Commonwealth, this project was orchestrated by the Governor’s Action Team, a specialized group of economic development professionals supporting business expansion and relocation across Pennsylvania.
Adare Pharma Solutions offers comprehensive pharmaceutical services and operates facilities both in the U.S. and Europe. CEO Tom Sellig expressed excitement about the relocation, stating, “This move highlights the growing importance of both Pennsylvania and Philadelphia as a premier life sciences hub.”
This relocation emphasizes Pennsylvania’s efforts to cultivate a robust business environment, providing critical access to talent and markets. The collaboration between Adare and the Commonwealth stands as a testament to Pennsylvania’s attractiveness as a destination for leading life sciences companies, reinforcing its role in driving economic prosperity.
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