Friday, March 26, 2021 Daily Archives

Novartis exiting Longmont due to changing gene therapy capacity need

Novartis will close its Longmont, Colorado biomanufacturing after over anticipating the amount of capacity needed to produce Zolgensma and other gene therapies. When Novartis acquired AveXis in May 2018, it quickly began expanding its manufacturing network to support the then lead candidate Zolgensma (onasemnogene abeparvovec-xioi1). By the time the gene therapy won US approval as a treatment for spinal muscular atrophy (SMA) in May the following year, Novartis was confident it had built up a sufficient production footprint for launch…

JSR launches biotech fund to advance its life science business

JSR has launched a corporate venture fund focusing on small and emerging biotech, bringing customers to its life sciences services portfolio.   Initially, the fund will prioritise evolving life science companies that have the platforms, technologies and approaches to support life science research, manufacturing, development, and the ability to improve therapeutic outcomes. JSR Life Sciences is set to leverage the investment to fund several deals in the next few years in a bid to continue identifying and advancing therapies and…

Boehringer Ingelheim boosted CDMO biz through €370m spend in 2020

Boehringer Ingelheim invested in capacity at sites in Germany and Austria last year on the back of high capacity utilization and increased demand for CDMO services. While most of Boehringer Ingelheim’s revenues come from its own portfolio of human and animal therapeutics, Boehringer Ingelheim’s biopharma contract manufacturing business pulled in €837 million ($986 million) in 2020, up 6.6% on the year prior. According to the firm’s annual report, “Boehringer Ingelheim covers the entire biopharmaceutical value chain, from development of the…