PTSM: Pharmaceutical Technology Sourcing and Management
Fresenius Kabi broke ground on a previously announced $250 million expansion of its Melrose Park, IL, manufacturing facility.
On Sep. 21, 2017, Fresenius Kabi, a German specialty and generic pharmaceuticals company and a subsidiary of Fresenius SE & Co. KGaA, broke ground on a $250-million expansion of its Melrose Park, IL manufacturing facility. The site, announced in August 2016, will facilitate the aseptic manufacturing of generic injectable medicines. The expansion of the facility will include several new buildings, with completion expected by 2026.
This investment is part of a recent series of business endeavors by the company. In April 2017, the company publicized an agreement to acquire Akorn, a US-based manufacturer and marketer of prescription and over-the-counter pharmaceutical products, for $34 per share, equivalent to $4.3 billion, plus approximately $450 million of net debt. During that time, the company also announced plans to acquire Merck KGaA’s biosimilars business, which closed in September 2017, for the purchase price of EUR 656 million (US$769 million).
Source: Fresenius Kabi
Drug Solutions Podcast: A Closer Look at mRNA in Oncology and Vaccines
April 30th 2024In this episode fo the Drug Solutions Podcast, etherna’s vice-president of Technology and Innovation, Stefaan De Koker, discusses the merits and challenges of using mRNA as the foundation for therapeutics in oncology as well as for vaccines.