Business & Tech
Ipsen's Biomeasure Facility Sold to Illinois Company
A bankruptcy court has approved the sale of Ipsen's property on Maple Street to Baxter International.
Ipsen's Biomeasure facility on Maple Street has been sold to an Illinois-based drug manufacturer.
, was approved Wednesday, according to a report in the Worcester Business Journal.
As recently as last year, Ipsen had planned to expand in Milford. That plan, and a tax incentive plan approved by Milford town meeting members, was cancelled earlier this month.
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Ipsen employs about 150 people in Milford. The company had stated, in a letter to town officials, that research staff will be transferred to another facility outside of Milford.
Manufacturing staff were to remain in Milford, but would fall under the new owner.
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The property on Maple Street is valued at about $5 million, according to town records.
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