LabCorp investing $30m at former GSK campus, to create 422 new jobs

By Melissa Fassbender contact

- Last updated on GMT

(Image: Getty/MeePoohyaphoto)
(Image: Getty/MeePoohyaphoto)
LabCorp is investing $30m in a new operations center at the former GSK campus in Research Triangle Park with support from a job development grant worth more than $8m.

LabCorp has signed a 15-year lease for two buildings (approximately 222,000 square feet) at the Parmer Research Triangle Park (RTP) campus in Durham County, NC, which was previously owned by GlaxoSmithKline (GSK).

Parmer Innovation Partners purchased the buildings in May 2017 and is investing $80m in renovations that are expected to begin later this year. GSK remains an anchor tenant of the campus.

According to a release from the North Carolina Department of Commerce​, LabCorp’s expansion will create 422 new jobs, including positions in information technology design, software development, operations, and management.

In addition to the new positions, the facility will house current information technology staff and personnel from LabCorp’s drug development business who are currently located in several locations in Durham and Wake counties.

LabCorp, headquartered in Burlington, NC, currently employs more than 60,000 employees worldwide, including more than 8,900 in NC.

The state’s Economic Investment Committee today approved a Job Development Investment Grant (JDIG), which authorizes LabCorp to potentially be reimbursed up to $8,172,750 over the next 12 years.

The project is expected to grow the state’s economy by an estimated $880m.

LabCorp is not providing any additional comment at this time.

Related news

Related products

show more

Using SDTM, ADaM, and SEND

Using SDTM, ADaM, and SEND

Formedix | 09-Nov-2022 | Technical / White Paper

This article gives an overview of SDTM, ADaM, SEND and ARM, and discusses how these CDISC standards fit in with the wider clinical trial process, and how...

How to design an effective CRF

How to design an effective CRF

Formedix | 10-Oct-2022 | Technical / White Paper

CRFs and eCRFs are used for gathering patient data during clinical trials. They play a crucial role in helping to assess the safety and efficacy of clinical...

The Complexities of Ophthalmic Drug Development

The Complexities of Ophthalmic Drug Development

Altasciences | 04-Oct-2022 | Technical / White Paper

Ophthalmic drug development comes with a unique set of challenges that can be mitigated by working with an end-to-end solution provider with regulatory...

Related suppliers

Follow us

Products

View more

Webinars