Emisphere Technologies, Inc. will move its corporate headquarters from Tarrytown, NY to Cedar Knolls, NJ. Emisphere will retain its scientific staff and laboratory facilities in Tarrytown.
"This move allows us to better serve all of our customers and enhance collaborations with leading pharmaceutical companies," said Michael V. Novinski, president and chief executive officer. "The move will keep Emisphere agile and competitive for our partners, and be particularly advantageous as we take the Company in new and exciting directions."
The move to New Jersey is one of several real estate initiatives that, cumulatively, could result in long-term savings of over $1 million, according to the company. The move into these offices will be initiated November 2007 and completed by the first quarter of 2008.