CAMBRIDGE, Mass., January 19, 2012 – Millennium: The Takeda Oncology Company today announced it has been named among the 100 Best Companies to Work For in the United States by FORTUNE. This is the second consecutive year that Millennium, a wholly owned subsidiary of Japan’s largest pharmaceutical company Takeda Pharmaceutical Company Limited, has been included in the annual ranking. After breaking into the Top 100 list at number 56 last year Millennium has moved up to number 35.
“At Millennium we come to work every day to try to bring hope to people battling cancer. It’s a tremendous honor to be recognized, for the second year in a row, for the passion, commitment and pride that our employees have for their work,” said Deborah Dunsire, M.D., President and Chief Executive Officer, Millennium.
“Massachusetts is a world leader in life sciences and biotechnology thanks to companies like Millennium, which has been an innovator in the Commonwealth’s biotechnology community for many years,” said Massachusetts Governor Deval Patrick. “This recognition for Millennium is a great example of the successful, creative and innovative companies that develop and grow here in Massachusetts.”
Over the past year, Millennium has also been named a top employer by the Boston Globe and Science magazine.
To pick the 100 Best Companies to Work For, Fortune partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America; 280 firms participated in this year’s survey. More than 246,000 employees at those companies responded to a survey created by the institute, a global research and consulting firm operating in 45 countries around the world. Two-thirds of a company’s score is based on the results of the institute’s Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management’s credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute’s Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts. After evaluations are completed, if news about a company comes to light that may significantly damage employees’ faith in management, we may exclude it from the list. Any company that is at least five years old and has more than 1,000 U.S. employees is eligible.
Millennium: The Takeda Oncology Company, a leading biopharmaceutical company based in Cambridge, Mass., markets VELCADE, a first-in-class proteasome inhibitor, and has a robust clinical development pipeline of product candidates. Millennium Pharmaceuticals, Inc. was acquired by Takeda Pharmaceutical Company Ltd. in May, 2008. The Company’s research, development and commercialization activities are focused in oncology. Additional information about Millennium is available through its website, www.millennium.com.
Editors’ Note: This press release is also available under the Media section of the Company’s website at: www.millennium.com/InTheNews.aspx.