Sunday, July 27, 2014

Local Biotech Firm Relocating and Expanding to Waltham

Former ADP Payroll office at 225 Second Ave Waltham under renovation for biotech firm
FORUM Pharmaceuticals will be moving and expanding its current Watertown operations to a 122,000 square foot building at 225 Second Avenue in Waltham.  The building, formerly occupied by ADP Payroll Services, was purchased by Marcus Partners in December 2012, who subsequently sold the property in March 2014.  The building is being renovated for office and lab use.  The project will also renovate the lobby, exterior facade, among other interior and exterior upgrades.

The privately held drug company, formerly known as EnVivo Pharmaceuticals, has a drug in late-stage development to treat Alzheimer's disease.  A 1,600 patient phase 3 clinical trial program was announced by the company in January 2014.

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