Global Pharmaceutical Company Coming To Parsippany

PARSIPPANY, NJ — Teva Pharmaceuticals USA will re-locate their United States headquarters to Parsippany, bringing 1,000 jobs to the town. It's currently located in North Wales, Pennsylvania.

Based in Israel, Teva's Parsippany headquarters will oversee all commercial operations within America. 800 jobs will be transferred to Parsippany, with a total of 1,000 positions at the new headquarters. The company is moving in an effort to be in a more centralized location and to be closer to other scientific headquarters.

“The presence of global life sciences companies like Teva Pharmaceuticals is critical to New Jersey’s ability to strengthen a thriving innovation ecosystem,” said Governor Phil Murphy. “We are thrilled to expand our welcome to Teva, and its more than 1,000 employees, in the Garden State – the place to be for the world’s most competitive life sciences companies.”

The Parsippany location will be 350,000 square feet, and a total of 1,075 employees are expected to work there. The median annual wage is $128,073.

“While Teva will retain a significant presence in Pennsylvania, reducing the number of sites supports our drive to continue to improve productivity and efficiencies,” said Brendan O’Grady, Executive Vice President and Head of North America Commercial. “We’re pleased to expand our presence in New Jersey, having closer proximity to a vibrant business hub and a dynamic life sciences environment—all while increasing jobs and preserving many existing roles."

Several pharmaceutical companies already call Parsippany home, including Ferring, Edenbridge, Castle Creek, and Novartis.

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