Gov. Phil Murphy celebrated Teligent’s $60 million expansion last week as another win for his plan to reinvigorate New Jersey’s innovative economy.
The specialty generic pharmaceutical company increased its facility space on the border of Buena and Buena Vista Township by more than 200 percent (by approximately 75,000 square feet, to 110,000), a move the company said will help it nearly double its employment, to 225.
“Groundbreaking pharmaceutical research has been one of our core economic pillars for a long time, and we are committed to ensuring it remains so for a long time to come,” Murphy said.
“As more and more companies see what Teligent sees — out highly skilled workforce, our proximity to global markets and our New Jersey values — they will come to the same conclusion Teligent did: There’s no better place than New Jersey to call home.”
Teligent, founded in 1977 at IGI Laboratories, has made its home in Atlantic County since the start.
The company develops, manufactures and markets topical, injectable, complex and ophthalmic generic pharmaceutical products.
And, while it has additional locations in Iselin, Toronto and Tallinn, Estonia, CEO Jason Grenfell-Gardner said the expansion shows the company’s commitment to South Jersey.
“This facility opening is an important milestone for our company and recognizes the great achievements of our team over the last two years,” he said. “We look forward to receiving the (Food & Drug Administration) for our readiness inspection later this year, so we can manufacture high-quality, affordable sterile injectable medicines for hospitals around the country.
“We are grateful to (Buena Vista Township) Mayor Chuck Chiarello and the local community, as well as so many Atlantic County and state officials, who have supported our journey from vision to reality.”
Chiarello said the expansion shows the potential of the area.
“Teligent’s major plant expansion is the largest project of its type to ever come to Buena Vista Township,” he said. “Gov. Murphy’s attendance is a clear sign of the importance of bringing new business opportunities to all of New Jersey.”