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Dealmaking Editor Dealmaking Editor

Ascend Advanced Therapies Partners with EW Healthcare to Boost U.S. Gene Therapy Manufacturing Capacity

UK-based, gene-to-GMP company, Ascend Advanced Therapies, has announced a partnership with EW Healthcare Partners as it targets enhanced U.S. operations and infrastructure. As part of the collaboration, Advanced BioScience Laboratories (ABL), a CDMO based in Rockville, Maryland, and a portfolio company of EW Healthcare Partners, will be integrated into Ascend and combining over three decades of development and manufacturing experience, whilst also expanding Ascend's GMP capacity for adeno-associated virus (AAV) production and fill/finish services.

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Strategy Editor Strategy Editor

Could CDMOs Replace the Need for Biopharma Incubators?

If you were to launch a biopharma startup today, where would you find the skills, talent, and space to bring your vision to life? Biopharma incubators are usually the answer.

These facilities provide an essential foundation for emerging companies, hosting the vital resources and support needed to drive the development of groundbreaking therapies. Programs like JLABS, BioLabs, and LabCentral provide startups with fully equipped labs, cutting-edge technologies, and access to networks of investors, mentors, and industry experts who can help turn ideas into reality.

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Dealmaking Editor Dealmaking Editor

Private Equity Firms Acquire Biologics CDMO Avid Bioservices

Biologics CDMO, Avid Bioservices, Inc., has announced its acquisition by GHO Capital Partners LLP and Ampersand Capital Partners in an all-cash transaction totalling approximately USD 1.1 bn.

Nick Green, president and CEO of Avid, emphasized the benefits of partnering with experienced investors who bring expertise, networks, and capital to strengthen Avid’s foundation, with the new owners aiming to unlock Avid’s potential through expanded offerings, talent investment, and geographic reach, building on recent capacity upgrades and its exemplary team for sustained growth.

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Regulatory Editor Regulatory Editor

RFK in the Cabinet: A Reformist Vision or Threat to Scientific Integrity?

The possible appointment of Robert F. Kennedy Jr. to a cabinet position has ignited fierce controversy in the U.S.; raising questions that could reshape the pharmaceutical industry and challenge the direction of federal scientific agencies.

With a well-publicized history of being a vaccine sceptic, Kennedy’s track record suggests a blend of reformist zeal and controversial positions that could redefine the role of agencies he is likely to oversee – the FDA, NIH and CDC.

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Dealmaking Editor Dealmaking Editor

Otsuka and ICU Medical Partner to Enhance North American IV Solutions Supply

Otsuka Pharmaceutical and ICU Medical have entered a strategic partnership to strengthen the supply of intravenous (IV) solutions in North America. This collaboration aims to address existing shortages and improve the reliability of IV solution availability for healthcare providers. By combining Otsuka's pharmaceutical expertise with ICU Medical's manufacturing capabilities, the partnership seeks to enhance production efficiency and ensure a consistent supply of essential IV products across the region.

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Expansion Editor Expansion Editor

Sekisui Diagnostics Expands cGMP Biopharma CDMO Capacity

SEKISUI Diagnostics' microbial CDMO business - BioProduction by SEKISUI - has announced it has completed its USD 20.7 mn cGMP capacity expansion for clinical-grade drug substance manufacturing at its site in Kent, UK. Upon license approval, the company will be able to expand manufacturing capabilities for common drug types, with microbial fermentation and purification suites that will accommodate production scales up to 1,000L.

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Strategy Editor Strategy Editor

Novo Nordisk to Halt Human Insulin Pen Production

Novo Nordisk has announced plans to gradually discontinue the production of human insulin pens worldwide, transitioning to offering human insulin exclusively in vial form. The strategic move comes as the company focuses on expanding manufacturing for its popular obesity and diabetes injections, such as Wegovy and Ozempic.

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Expansion Editor Expansion Editor

SCHOTT Pharma Expands Glass Syringe Production with New Hungary Facility

SCHOTT Pharma has launched a state-of-the-art production facility in Lukácsháza, Hungary, focused on high-quality pre-fillable glass syringes. Supported by a USD 9.7 mn local government investment, the facility strengthens SCHOTT’s European competitiveness and global supply security for pharmaceutical companies, amongst the rising demand for prefillable syringes used in GLP-1 drugs, vaccines, and biologics.

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Misc. Editor Misc. Editor

Aptar Recognized Among Forbes’ Top 50 Companies for Women in 2024

Aptar has been recognized by Forbes as one of the World's Top Companies for Women in 2024, marking the fourth consecutive year of this honor. The company secured the 41st position out of 400 companies evaluated. This recognition underscores Aptar's commitment to fostering a diverse, equitable, and inclusive workplace. Notably, women comprise 50% of Aptar's Board of Directors and 37% of its executive committee.

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Strategy Editor Strategy Editor

Matica Bio and KaliVir Partner to Advance Oncolytic Virus Manufacturing for Cancer Therapies

Viral vector development CDMO, Matica Biotechnology Inc, has signed a Letter of Intent to allow U.S.-based biotech, KaliVir Immunotherapeutics, to develop advanced cancer therapies using Matica Bio’s Vaccinia Enhanced Template (VET™) platform.

The collaboration aims to accelerate the development of KaliVir's oncolytic virus therapies by focusing on a new manufacturing process using Matica Bio’s proprietary MatiMax™ cell line for the process.

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Regulatory Editor Regulatory Editor

FDA Removes Wegovy from Shortage List as Novo Nordisk Resolves Supply Issues

The FDA has removed Novo Nordisk's weight-loss drug, Wegovy, from its drug shortage list, indicating that all dose strengths are now available, as Novo Nordisk's efforts to increase production meet the high demand for GLP-1 therapies like Wegovy and Ozempic.

The FDA's action comes shortly after removing Eli Lilly's tirzepatide-based drugs, Mounjaro and Zepbound, from the shortage list.

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Dealmaking Editor Dealmaking Editor

Celltrion Secures $73 Million CDMO Deal

Korean biopharmaceutical company, Celltrion, has secured a $72.8 mn contract with TEVA Pharmaceuticals International for the development and manufacturing of the migraine treatment Ajovy.

The contract – which only runs until July 30, 2025 - represents 4.6% of Celltrion’s 2023 revenue but plans to establish a fully owned CDMO subsidiary by the end of 2024, with facility expansion set for next year.

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Strategy Editor Strategy Editor

ROVI Retains CDMO Business – Rejecting 5 Offers for Sale

Laboratorios Farmacéuticos Rovi, the Spanish headquartered pharmaceutical manufacturer, CDMO and R&D company, has decided to retain its CDMO business after evaluating several non-binding offers and deciding that continuing with its current strategic plan will maximize value for its existing shareholders.

Rovi had previously explored the potential of a sale of its CDMO segment - which includes manufacturing COVID-19 vaccines for Moderna – but rejected all five offers from potential buyers.

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Expansion Editor Expansion Editor

Piramal Pharma Commits $85 Million for Capacity Expansion and Growth

Following an all-time high price, Indian drug discovery company, Piramal Pharma, has announced plans to allocate approximately $85 mn for the current fiscal year to expand capacity and address maintenance and de-bottlenecking at its CDMO sites.

Chairperson Nandini Piramal stated that around $30 mn has already been invested in the first half of the fiscal year, with plans to expand its sterile injectables facility in Lexington, Kentucky, by FY27 as the company aims to surpass $2 bn in revenue by FY30.

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Expansion Editor Expansion Editor

NorthStar Medical Radioisotopes Opens New Radiopharmaceutical CDMO Facility

Radiopharmaceutical CDMO, NorthStar Medical, has inaugurated a 52,000-square-foot Radiopharmaceutical CDMO facility in Beloit, Wisconsin, to become the only U.S.-based company housing commercial scale radioisotope production and CDMO services at the same facility.

The new facility will develop and manufacture key medical radioisotopes - including Ac-225, Lu-177, Cu-64, Cu-67, and In-111 - as the company plans to support biopharmaceutical companies in advancing diagnostic and therapeutic radiopharmaceuticals, particularly for cancer treatment.

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