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Shire establishes U.S. headquarters

Executive Summary

U.K.-based Shire sets up North American headquarters in Wayne, Penn. and plans to close its facilities in Rockville, Md. and Newport, Ky. The new facility will house about 400 employees by end of 2005. Establishing a U.S. headquarters was one step in a streamlining effort announced by CEO Matthew Emmens shortly after he joined the company this spring (1"The Pink Sheet" March 17, 2004, In Brief)...
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