Hub appeal: AstraZeneca is marshaling 350-plus R&D troops in new South San Francisco campus
In biopharma, the big global hubs have become irresistible attractions as trophy locations suck in thousands of R&D jobs from the giants as well as startups. And AstraZeneca, which has been pushing an R&D makeover for years now, is once again helping to drive that trend by pulling most of its Bay Area ops into a gleaming new facility now under construction in the South San Francisco hub.
AstraZeneca, which has been building a $500 million HQ in the UK’s Golden Triangle, is relocating more than 350 staffers into the lion’s share of a new 230,000 square foot project. That will include researchers for AstraZeneca, its big subsidiary MedImmune, Acerta Pharma (AstraZeneca paid $4 billion for a 55% stake) and the Pearl respiratory ops it acquired in 2013.
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