Baxter International Inc. yesterday announced plans to open a global innovation and research-and-development center in Kendall Square and move 400 employees there from California and Europe.
The Illinois-based company expects to open the first phase of the 200,000-square-foot space it's leased at 650 E. Kendall St. later this year and will continue to move work to the new facility over the next two years.
"Critical elements to our success as an independent biopharmaceuticals company will be our ability to accelerate innovation, optimize R&D productivity and deliver on our promise to patients," Ludwig Hantson, president of Baxter BioScience, said in a statement. "Joining this unmatched biotech community is an important step."
Baxter BioScience develops treatments for people with rare conditions, chronic diseases or limited treatment options. It has a broad pipeline built on innovation in bleeding disorders and immunology, and is expanding to address emerging opportunities in niche areas of oncology.
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