CordenPharma CDMO buys API manufacturing facility from Pfizer

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CordenPharma, a leading Contract Development & Manufacturing Organization (CDMO), has entered into definite agreements to acquire the former Hospira Boulder (Colorado) high containment API site from Pfizer, Inc. The closing of the transaction is anticipated to occur in November 2017.

Located in proximity to the existing CordenPharma Colorado facility, Hospira Boulder produces Active Pharmaceutical Ingredients (APIs) and intermediate products with specialized capabilities in small to medium scale highly potent and cytotoxic API manufacturing. Previously owned by Pfizer / Hospira, the 54,000 square foot facility with more than 100 employees has API production capabilities ranging from very small scale up to 3,000 liters.

Integrated into the CordenPharma network, the combination of CordenPharma Colorado and Hospira Boulder’s pharmaceutical supply business represents a unique opportunity to further strengthen CordenPharma’s leading position as a premier CDMO supplier of Highly Potent & Oncology APIs to the pharmaceutical industry. CordenPharma will also enter into a multi-year supply arrangement with Pfizer, with the expectation that the agreement will help defray costs associated with running the site for the next few years while it adds new client work into the facility.

CordenPharma represents the global pharmaceutical manufacturing & service platform of International Chemical Investors Group (ICIG).

“The acquisition will augment CordenPharma’s Highly Potent & Oncology platform and integrated supply service offering in association with its drug product manufacturing expertise in the area of solid dosage and sterile injectables in CordenPharma Plankstadt (DE) and CordenPharma Latina (IT) respectively”, says Dr. Achim Riemann, Managing Director of ICIG.

As part of this strategy, CordenPharma continuously acquired API and Drug Product manufacturing capabilities over the last decade, including peptide and small molecules API plants as well as highly potent Drug Product sites in Italy, Germany and Belgium.

In addition, CordenPharma Colorado completed the construction of a new API process bay in 2016, equipped to handle highly potent compounds up to OEB Level 4, to accommodate increasing customer demand in this segment.

SOURCE: cordenpharma
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