Featured Stories
National Resilience Confirms Layoffs Amid Expansion and Leadership Change
Biomanufacturing CDMO, National Resilience, has announced plans to lay off approximately 105 employees at its Alachua, Florida facility as part of a strategic pivot away from government business toward commercial development and manufacturing. The restructuring coincides with a leadership change, as CEO Rahul Singhvi steps down and is replaced by William Marth. However, the company will continue to expand elsewhere, including a USD 225 mn investment in Cincinnati and creating 440 new jobs at its West Chester, Ohio facility.
Agenus Pivots to CDMO Services Amid Regulatory Setbacks
Massachusetts biotech Agenus is undergoing its second reorganization in 16 months, pivoting to include CDMO services at its 25,000-square-foot Berkeley clinical facility and 83,000-square-foot Emeryville commercial plant for third-party biologics manufacturing.
SK pharmteco Unifies Global CDMO Brands to Streamline Drug Development Services
Californian-based, SK pharmteco, has announced a brand unification initiative, bringing together several respected organizations under its umbrella to create a global CDMO. SK biotek, SK biotek Ireland, Center for Breakthrough Medicines, Yposkesi, AMPAC Fine Chemicals, and AMPAC Analytical, will now combine to operate as SK pharmteco, providing a comprehensive range of services from early-stage development to commercial manufacturing and analytical testing.
Lonza Drops CHI Business to Focus on CDMO Services
Swiss manufacturing company, Lonza, has announced a strategic shift to focus on its CDMO business. The company will restructure its existing CDMO business into three new units - integrated biologics, advanced synthesis, and specialized modalities - as it focuses on its ambition to achieve and maintain leadership across therapeutic modalities.
Outsource or Die? How CDMOs Will Shape Pharma in 2025 and Beyond
Overall, 2024 was a good year to be working in the CDMO industry, but will the outlook stay positive for 2025?
Forecasts predict a steady rise in continuing growth trends from 2024, with estimates indicating the global pharmaceutical CDMO market is set to grow from USD 184.90 bn in 2024 to USD 197.40 bn in 2025, and looking further ahead, predicted to reach USD 368.70 bn by 2034.
BioDuro Appoints Alan Findlater as New Chief Commercial Officer
CRDMO BioDuro has announced the appointment of Alan Findlater as their new CCO, who brings over 25 years of senior commercial leadership experience in the life sciences and pharmaceutical services industry to his new role. Findlater has experience leading high-performing teams and managing complex product and service portfolios, with his expertise also extending to executing successful strategic growth initiatives on a global scale and building high-value partnerships with industry leaders such as Amgen, Pfizer, and Roche.
KPMG Life Sciences CEO Outlook Report
The KPMG 2024 Life Sciences CEO Outlook report reveals that despite economic and geopolitical uncertainties, many CEOs remain optimistic. Growth prospects, new technologies, business models, and sustainability all feature within the report. 79% of CEOs expressed confidence in their companies' growth, with many planning to expand their workforce and engage in acquisitions.
Celltrion to Break Ground on CDMO Plant in 2025
Celltrion, a leading South Korean biosimilar developer, has announced plans to enter the CDMO market, investing 1.5 trillion won (USD 1 bn) to construct a 200,000-liter production facility in Korea.
To support this expansion, Celltrion will open R&D centers in India, the US, and Europe, hiring 500 Ph.D.-level researchers, aiming to offer a comprehensive range of CDMO services related to monoclonal antibodies, bispecific antibodies, and ADCs.
Bristol Myers Squibb Implements Layoffs in New Jersey Amid Cost-Cutting Measures
BMS has announced plans to lay off 195 employees across its two facilities in Lanceville, New Jersey as part of a broader cost-cutting initiative. In addition to the New Jersey layoffs, BMS had previously announced plans to reduce its global workforce by approximately 3,300 positions, representing about 5% of its total employees.
CRO, CMO, CDMO: What's Next?
The term CDMO has become ubiquitous in the pharmaceutical industry over the past decade, but is it merely a buzzword or does it represent a genuine paradigm shift?
Historically, service providers were identified as CROs (Contract Research Organizations) or CMOs (Contract Manufacturing Organizations), with each representing a clear delineation of services. As the biopharma landscape has evolved in response to changing industry dynamics, service providers have evolved to become "one-stop shops" capable of providing services for compounds through all development phases and into post-launch manufacturing.
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.
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.
Thermo Fisher Restructures Viral Vector Operations with 160 Layoffs
Thermo Fisher Scientific is restructuring its viral vector services, resulting in the closure of its Cambridge, Massachusetts facility and the elimination of 160 jobs, as part of a broader strategy to consolidate operations and enhance efficiency in viral vector manufacturing.
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.
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.
Jim Petrilla Joins Vernal Biosciences as CEO
Vernal Biosciences has appointed Jim Petrilla as CEO and Board Member, as the company focuses on strategic growth as an mRNA and lipid nanoparticle (LNP) manufacturing leader.
With over 25 years in biopharma and clinical research, Petrilla brings a wealth of operational excellence expertise in leadership roles at major biopharma firms such as Bristol-Myers Squibb and Becton Dickinson, where he spearheaded transformative projects, achieved substantial revenue growth, and led a global NDA filing.
Petrilla succeeds founder Christian Cobaugh, Ph.D., who will now focus on his role as Chief Scientific Officer within the company.
Laurus Labs Expands Product Portfolio & Boosts CDMO Capabilities
Dr Satyanarayana Chava, CEO of pharmaceutical company Laurus Labs', is predicting robust growth for his company in the latter half of 2024/25, primarily driven by CDMO and active API segments.
Already this year, the company has reported a 40% increase in CDMO revenue, attributing the growth to substantial investments in CDMO capabilities with planned deliveries set to boost revenues further in Q3 and Q4. However, Chava was clear to point out that the 16% dip in API revenue in Q2 - due to planned facility modifications - is back on track and aligned with upcoming contractual needs as it looks to expand its expertise in oncology and other specialized therapeutic areas.
Activist Investors Eyeing Big Pharma: What It Means for the Industry
Last month, hedge fund Starboard Value acquired a $1 bn stake in Pfizer, at the same time, sharply criticizing the company's management for recent underperformance and strategic missteps. According to Starboard, Pfizer has seen at least $20 bn in value evaporate since 2019.
This move is a textbook example of activist investing. Investors - individuals or institutions - buy a significant stake in a company to influence its management and strategy with the aim of boosting the company’s value and, ultimately, profit from their investment.
But why target Pfizer? And why now?
Matica Secures Multiple Viral Vector CDMO Contracts
Korean cell therapy and biotech company, Matica Biotechnology, a subsidiary of CHA Biotech, has secured multiple CDMO contracts, including deals with Puerto Rico-based CytoImmune Therapeutics and Houston-based Mongoose Bio, to produce retrovirus and lentivirus vectors for cancer therapies, and develop natural killer (NK) and T-cell receptor therapies, respectively.
Matica Bio became the first Korean company to establish a customized CDMO facility in Texas in 2022, specializing in CGT commercialization, with the company having developed a proprietary cell line to enhance viral vector production efficiency.
AGC Pauses CGT Operations
CDMO, AGC Biologics, has announced job cuts for 95 employees and the decision to idle most of its operations at its CGT plant in Longmont, Colorado, as the company announces restructuring plans. The company cited shifts in the biopharmaceutical landscape. The CDMO will continue its ongoing investments and operations at other sites around the world.