This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Protein Sciences Corporation Expands Manufacturing Operations To Pearl River, New York

MERIDEN, Conn., Nov. 30, 2012 /PRNewswire/ -- Protein Sciences Corporation, makers of Flublok®, the world's first recombinant influenza vaccine, announced today it signed a five year lease of manufacturing facilities with a five year renewal option and will make a multi-million dollar investment to establish manufacturing operations at Pfizer's Pearl River Campus in Rockland County, NY. The Company's expansion will initially create approximately 50 new high-paying full-time jobs that could grow to up to 150 total jobs over the next decade.

The Company will initially lease two fully equipped buildings totaling 83,000 square feet on the 550-acre Pearl River campus that is owned and operated by Pfizer Inc. and will establish a production line for Flublok.  U.S. FDA licensure of Flublok is anticipated to occur in the next few months.  The buildings being leased had previously been used to manufacture a licensed vaccine developed by Wyeth.  Protein Sciences' expansion will create vital new job opportunities and take advantage of a local workforce experienced in biopharmaceutical research, development and manufacturing.  Empire State Development of NY has committed to providing Protein Sciences with $2 million in tax credits through the Excelsior Jobs Program to support the Company's expansion.  

Protein Sciences is also working with the Connecticut Department of Economic and Community Development to explore opportunities to expand the Company's manufacturing operations near its headquarters in Meriden, CT. 

Flublok and its sister vaccine Panblok®, that is designed to protect against pandemic influenza, have been developed in partnership with the Biomedical Advanced Research and Development Authority (BARDA), a division of the U.S. Department of Health and Human Services, through Contract No. HHS0100200900106C that was awarded in 2009.  The Company has requested BARDA support for its manufacturing operations in Pearl River.

Protein Sciences' CEO Manon Cox said, "With Flublok approval around the corner, the Company anticipates significant growth."  She added, " New York State and local government have provided invaluable assistance that is enabling our expansion in Pearl River.  We hope that support from the Connecticut government follows suit and allows us to expand in our home state as well."  

Protein Sciences is a vaccine development and protein production company dedicated to saving lives and improving health through the creation of innovative vaccines and biopharmaceuticals.  

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs