CDMO Almac is taking over some facilities abandoned by AstraZeneca in the U.K. some years back and will build them out to expand its own formulation and manufacturing operations.
Symbiosis Pharmaceutical Services, a small CMO located in Scotland, said it is offering a new bulk lyophilisation (freeze-drying) service after getting new contract from the pharmaceutical industry.
Pharma marketing chiefs and IT executives are not seeing eye-to-eye, and the lack of rapport could be hampering companies looking to take advantage of new digital marketing techniques.
A $2.6 billion deal united contract manufacturers Patheon and DSM Pharmaceutical Products, and now the combined company has emerged to do business under the monicker DPx, expecting to bank $2 billion in revenue this year.
Private investment firm JLL Partners is orchestrating a $2.6 billion merger of its Canadian contract manufacturer Patheon ($PTI) with the Netherlands-based DSM Pharmaceutical Products on the bet that the combined company will grow in a growing niche of the industry.
Private equity investors JLL Partners put a sharp focus on the potential in the CMO industry last month when it orchestrated a $2.6 billion deal merging two contract manufacturing companies into a global operation. It also illustrated the pressure smaller players are under to beef up if they are to compete. Pharma Tech Industries (PTI) has been doing just that.
CMO Patheon is investing in a U.K. site to increase capacity and add capabilities, including automated capsule filling. The expansion comes as Patheon prepares to merge with DSM's pharma business under the ownership of JLL Partners.
Private equity outfit JLL Partners bet big on contract manufacturing last week with its $2.6 billion deal to combine Dutch Royal DSM with its portfolio CMO Patheon, and the fund's co-founder said the company's not done yet.
The contract manufacturing market should grow to about $18.5 billion over the next several years, driven in part by a demand for injectable drugs in general and specialized cancer drugs in particular. That, at least, is the view of consultants Frost & Sullivan.
After months of regulatory woes and declining demand, Lonza is planning to cut two-thirds of its staff at a Massachusetts biologics plant, part of the CMO's overall effort to restructure and adapt to a changing market for commercial manufacturing.