Drug firm moving to Boca Raton
Drug firm moving to Boca Raton

Drug firm moving to Boca Raton
By Stacey Singer

Palm Beach Post Staff Writer

Wednesday, August 24, 2005

UPDATED: 2:00 p.m. August 24, 2005

A small specialty drug company with offices in Buenos Aires, Argentina is moving its U.S. corporate headquarters from Wilmington, North Carolina to Boca Raton, the state's economic development agency, Enterprise Florida, announced Wednesday morning.

The firm, Osmotica Pharmaceuticals, has already moved seven executives from Wilmington to its new headquarters in the Sanctuary Centre at 4800 North Federal Highway in Boca Raton. Over the next three years, it expects its payroll to grow to about 25, said the company's chief financial officer, Richard E. Martin.

Scripps in South Florida
Post coverage of the biotech facility in Palm Beach County



State Sen. Ron Klein, D-Boca Raton, said the company's choice of Boca Raton showed that technology firms would move throughout the region, not just into the designated biotech parks that have been the focus of so much debate.



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