September 13, 2006 2:57 PM

Plans for Devens drug plant on course
Posted by Douglas Eisenhartat 2:57 PM

Despite the current troubles at the top of NYC-based drug giant Bristol-Myers Squibb, there should be little to no adverse impact locally, as reported in today's Globe:

Yesterday's ouster of Bristol-Myers Squibb Co.'s chief executive won't affect the company's plans to build a $660 million drug plant in Massachusetts, a spokesman said.

Despite the uncertainty hovering over the troubled New York pharmaceutical giant, which will be run by an interim chief, the company still expects to break ground on the site of the former Fort Devens this year.

Why the interest from the Job Blog, you say? Well. . .

With the potential to employ 550 people and expand to an investment of $1 billion or more, the plant marked a triumph of the Romney administration's efforts to court businesses.

Read the full article.