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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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Expansion Editor Expansion Editor

MilliporeSigma Invests $76 mn to Triple ADC Production Capacity

MilliporeSigma, the life sciences division of Merck KGaA in the U.S. and Canada, is investing $76 mn to expand its ADC production facility in St. Louis, which will triple the site's current capacity, improve process and analytical development labs, and include new manufacturing spaces, labs, and cold storage, creating 170 new jobs in the process.

The announcement follows a similar investment in 2022, where the company invested $65 mn at its Verona, Wisconsin facility, as it looks to expand production capabilities to meet the ever-growing demand for its services.

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Expansion Editor Expansion Editor

Rentschler Biopharma to Build State-of-the-Art Buffer Media Station in Laupheim

Leading CDMO for biopharmaceuticals, Rentschler Biopharma SE, has announced plans to commence construction of a new buffer media station at its headquarters in Laupheim, Germany, from next year.

The facility, spanning 3,400 square meters and expected to be operational by 2028, will enhance production efficiency and modernize the site to meet evolving client and patient needs. The four-story building will house advanced equipment, including media and buffer tanks, ensuring high standards of hygiene, safety, and automation, whilst also supporting Rentschler's sustainability goals and improving employee ergonomics.

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Regulatory Editor Regulatory Editor

UK's Labour Party Unveils £520 Million Innovative Manufacturing Fund in Life Science-Heavy Budget

The UK government has pledged up to £520 mn through the Life Sciences Innovative Manufacturing Fund (LSIMF) to drive economic growth and enhance the National Health Service (NHS). The fund will support capital investments across the life sciences sector - providing grants for the manufacture of human medicines, including active pharmaceutical ingredients (APIs) and finished products, medical diagnostics for disease identification and monitoring, and MedTech products related to human health.

The initiative aims to strengthen the UK’s position in life sciences while simultaneously ensuring the NHS is equipped for future healthcare needs, as well as to support innovation and expand manufacturing capabilities across the UK.

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Expansion Editor Expansion Editor

Bora Pharmaceuticals Expands Rare Disease Reach with Pyros Pharmaceuticals Acquisition

Bora Pharmaceuticals has announced its acquisition of U.S.-based Pyros Pharmaceuticals.

Founded in 2017, Pyros recently launched VIGAFYDE™ (vigabatrin), the first and only ready-to-use oral solution for infantile spasms, a rare and severe form of epilepsy in young children. Approved by the FDA in June 2024, VIGAFYDE simplifies dosing and provides much-needed treatment for pediatric patients.

Bora's CEO, Bobby Sheng, highlighted the synergies between Pyros' innovative research and Upsher-Smith’s expertise in pediatric CNS conditions, foreseeing enhanced patient outcomes through this powerful alliance. Pyros co-founder and CEO, Michael Smith, expressed excitement about the partnership, emphasizing the shared mission of improving care for rare disease patients. The acquisition follows Bora’s recent purchases of Upsher-Smith Laboratories and TWi Pharmaceuticals, reinforcing its rapid global growth in the CDMO and commercial prescription sectors.

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Strategy Editor Strategy Editor

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.

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Dealmaking Editor Dealmaking Editor

CDMO Samsung Biologics Bags $1.2B Contract, Boosting 2024 Value to Over $3.3B

Samsung has locked down a $1.2 bn contract with an unnamed Asia-based pharmaceutical company that’s expected to run through December 2037.

The manufacturing project, which will be carried out at Samsung’s biomanufacturing site in the Songdo area of Incheon, South Korea, brings the company’s total new contract value for the year to more than $3.3 bn.

In addition, the company is on track to complete its fifth production plant in Korea by the end of 2024 - a dedicated ADC facility in Incheon - which will add 180 kL to its existing 784 kL capacity and expected to go online in April 2025.

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Strategy Editor Strategy Editor

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.

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Strategy Editor Strategy Editor

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?

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Expansion Editor Expansion Editor

Afton Scientific to Invest $200 Million on Facility Expansion

U.S.-based CDMO, Afton Scientific, is planning a $200 mn expansion of its sterile injection manufacturing facility in Charlottesville, Virginia, that will significantly increase the company’s production capacity for sterile injectables, whilst adding 200 new jobs. As part of the expansion, the company will be able to offer “newer manufacturing technologies,” although a projected completion date is yet to be determined.

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Strategy Editor Strategy Editor

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.

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Regulatory Editor Regulatory Editor

Zealand Pharma Faces Second FDA Rejection Due to CDMO Inspection Issues

Danish biotech, Zealand Pharma, has faced its second FDA rejection for its hypoglycemia drug - dasiglucagon - which is tied to manufacturing issues uncovered during a CDMO inspection. Despite the setback, Zealand said it remains committed to resolving the issues and pursuing approval for the drug, which is designed to treat severe low blood sugar in diabetic patients.

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Dealmaking Editor Dealmaking Editor

SpectronRx Announces Collaboration for European Radiotherapy Isotope Manufacturing Facility

Radiopharmaceutical CDMO, SpectronRx, and Belgian Nuclear Research Centre, have announced advanced plans to establish a European radiopharmaceutical CDMO (rCDMO) facility, on the Belgian Nuclear Research Center premises in Mol, Belgium.

The collaboration will see both companies working together to meet the rising demand for radioisotopes, particularly Actinium-225, which plays a crucial role in targeted radiotherapies for cancer treatment. The facility will offer end-to-end solutions, from isotope production to radiopharmaceutical development and manufacturing, and strengthen Europe's position in the radiotherapy market.

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Strategy Editor Strategy Editor

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.

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