Synthon Pharmaceuticals will locate its US manufacturing and headquarters In Research Triangle Park rather than Alamance County, the company said Tuesday.
Synthon, which currently has its US headquarters in Chapel Hill, had originally planned to build the plant near Mebane. Instead, it has acquired the former Magnequench International facility and 10 acres of land in RTP.
Synthon said the new facility will lead to the creation of 157 jobs as it is built over the next two years. Its parent is located in the Netherlands.
The state of North Carolina will provide $200,000 in incentives for job creation, according to Gov. Mike Easley’s office.