Durata Therapeutics moving from NJ to Illinois

Illinois Gov. Pat Quinn: Durata Therapeutics moving from NJ to Illinois

Associated Press

CHICAGO (AP) -- Illinois Gov. Pat Quinn says a biotech start-up company called Durata Therapeutics Inc. is moving from New Jersey to Chicago.

In a statement Wednesday, Quinn says Durata plans to locate its global headquarters in downtown Chicago and create up to 100 jobs in the next three years.

The governor says the life sciences sector is a high-growth industry and an important part of the global marketplace. And he says the biopharmaceutical company's decision to move shows that Illinois is playing a key role.

Durata Therapeutics CEO Paul Edick says his company is familiar with Illinois' "deep talent pool" and is looking forward to recruiting many experienced employees.

Durata Therapeutics was founded in Morristown, N.J. It went public in July.

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