E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/13/2006 in the Prospect News Biotech Daily.

Alexion purchases former Dow manufacturing site to manufacture Soliris

By E. Janene Geiss

Philadelphia, July 13 - Alexion Pharmaceuticals, Inc. said Thursday that it has purchased the former Dow manufacturing facility in Smithfield, R.I.

The biopharmaceutical manufacturing facility will be used primarily to produce Soliris (eculizumab), the company's lead product candidate for paroxysmal nocturnal hemoglobinuria, an acquired genetic blood disorder, according to a company news release.

Financial terms of the transaction were not disclosed.

"Securing a manufacturing facility is an important element of our commercial planning for the post-launch growth of Soliris and will enable us to meet world-wide demand for the product," David Keiser, president and chief operating officer of Alexion, said in the release.

The 55,000-square-foot facility is anticipated to begin operations in 2008, officials said.

Alexion said it will be retrofitting the facility to include two 10,000 liter bioreactors and their associated purification suites along with a pilot plant. The facility will be designed to meet both the Food and Drug Administration's and European Medical Agency's good manufacturing practices.

Alexion said it has a manufacturing agreement with Lonza Biologics and expects to continue to source supply from Lonza after the new facility is in operation.

Alexion is a Cheshire, Conn., biotechnology company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.