The Real Deal Miami

Merger taking Stiefel out of state

November 05, 2009 07:26PM

Stiefel Laboratories, a Coral Gables company that’s one of South Florida’s oldest, will be moving to Research Triangle Park in North Carolina. It will lay off 40 workers and take its dermatology product manufacturing operations north. It was acquired in July by multinational pharmaceutical company GlaxoSmithKline in a $2.9 billion deal. “The move will help Stiefel achieve its goal to ‘Work as One’ and is aligned with the GlaxoSmithKline Global Real Estate Program, which aims to optimize the use of facilities and simplify the company’s operating model,” said company spokeswoman Erin Bacher Singer. [SFBJ]