Parexel invests $1.7m into second US headquarters, to hire 264

By Melissa Fassbender contact

- Last updated on GMT

(Image: Getty/Oleksii Liskonih)
(Image: Getty/Oleksii Liskonih)

Related tags: Parexel

Parexel is opening a second US headquarters in Durham, NC, a move which will see the addition of 264 jobs as part of the $1.7m investment.

Parexel has said it will invest $1.7m in the facility, which will house several headquarters functions, including a range of operational and professional support functions. The company currently has more than 600 employees in North Carolina. Its other headquarters are in Waltham, MA.

According to the North Carolina Department of Commerce and the Economic Development Partnership of NC (EDPNC), which led the state’s support for the expansion, the move will create an annual payroll impact of more than $29.4m to the Durham economy.

The expansion is estimated to grow the state’s economy by $869m, supported in part by a Job Development Investment Grant (JDIG) to be awarded over a 12-year period over which time Parexel could be reimbursed up to $4,194,000.

Parexel also this week announced ​the formation of an Oncology Center of Excellence and earlier this year launched a dedicated biotech division​ to support emerging companies. 

Related topics: Clinical Development, Phase I-II

Related news

Show more

Related products

show more

Automating clinical trials for success

Automating clinical trials for success

Formedix | 06-Oct-2021 | Technical / White Paper

This article gives gives a brief overview of why automation is absolutely essential for clinical trial success.

What should a clinical metadata repository do?

What should a clinical metadata repository do?

Formedix | 26-Jul-2021 | Technical / White Paper

Choosing a clinical metadata repository (MDR) software can be a tough task as the capabilities and features of your chosen MDR could make or break your...

Adapting supply chains to new ways of working

Adapting supply chains to new ways of working

World Courier | 15-Jul-2021 | Technical / White Paper

COVID-19 has changed the way we operate. We have adapted our supply chain solutions to meet our clients’ requirements while following World Courier standard...

Empowering Clinical Trial Sponsors with Analytics

Empowering Clinical Trial Sponsors with Analytics

PerkinElmer | 14-Jul-2021 | Technical / White Paper

Is your Clinical Data Review creating problems or solving them? Take Control of Your Data. PerkinElmer Informatics Clinical Solutions, powered by Tibco...

Related suppliers

Follow us


View more