Shirley Pharmaceutical Maker Receives IDA Economic Package

SHIRLEY, NY – American Regent received an economic development package from the Town of Brookhaven Industrial Development Agency that will keep a portion of the pharmaceutical maker's business on Long Island.

Under the agreement, which was finalized Dec. 27, American Regent will build and equip a 18,000-square foot facility to its 94,876-square-foot manufacturing plant at 5 Ramsay Rd. in Shirley. The company also plans to renovate about 37,650 square feet in the building, one of two that it owns at the site.

American Regent is undertaking a $68 million project to modernize its facility, the additions and renovations of which are slated for completion before 2024.

The IDA's economic development package includes a PILOT agreement, mortgage recording tax abatement and sales tax abatement necessary for American Regent to remain and grow in the Town of Brookhaven. American Regent had considered moving certain operations and 375 jobs, with average annual salaries of $70,000, to Ohio, where it has other facilities.

American Regent manufactures generic and branded injectables and iron therapies, and has annual sales of more than $1 billion, according to its website.