CRANBURY, NJ-Purdue Pharma, a privately-owned pharmaceutical company based in Stamford, CT, has signed a build-to-suit agreement with Eastern Properties Inc. based here to move into a new 115,000-sf facility in this Princeton-area community. Purdue will house its expanded research operations in the facility, which is just under construction and is expected to be ready by the end of the year.

Part of an international group of associated companies, Purdue is best known for its research in pain management therapeutics, including arthritis-related, as well as asthma treatment. One of its products is the once-a-day theophylline for asthma. The group of associated firms employs more than 4,000 people in research, manufacturing and marketing around the world.

“This new facility, in the middle of New Jersey’s pharmaceutical corridor, is a large investment for us,” according to Tage Honore, PhD., vice president of discovery research for Purdue Pharma. “The transaction was very complex.”

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