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The Boston Globe

Business

GlaxoSmithKline to close Sirtris unit in Cambridge

Company to absorb a few staffers

While other major pharmaceutical companies are scrambling for a spot in Kendall Square’s hotbed of biotechnology, GlaxoSmithKline is closing the Cambridge headquarters of its Sirtris Pharmaceuticals Inc. subsidiary.

Glaxo bought Sirtris for $720 million in 2008 to acquire research that captured the imagination of many as a potential high-tech fountain of youth. Now Sirtris’s research — and a handful of its employees — will be folded into Glaxo’s research and development operations in Philadelphia, spokeswoman Melinda Stubbee said Tuesday.

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