Sanofi Invests EUR 44 Million in Genzyme Campus - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

Sanofi Invests EUR 44 Million in Genzyme Campus


ePT--the Electronic Newsletter of Pharmaceutical Technology

Sanofi is investing EUR 44 million ($58.7 million) in Genzyme’s biotechnology campus in Waterford, Ireland.

The investment will be used to increase the diversity of products manufactured at the site by adding filling operations for Sanofi’s Lantus (insulin glargine), which is one of the world’s top-selling insulin brands. Commercial production of Lantus at Waterford is expected to commence in 2016.

According to a statement, Sanofi has been very impressed with the Waterford manufacturing site since it acquired Genzyme in 2011, particularly in terms of the site’s felxibility, professionalism and commitment.

In a statement, Richard Bruton, the Irish Minister for Jobs, Enterprise and Innovation, described the investment as a “major vote of confidence” in the Waterford site, which employs over 500 people, as well as Ireland’s southeast region. “This investment, which comes on top of a €150m investment little more than a year ago, will ensure that this facility can produce the company’s latest product and provides an indication of the Waterford site’s strategic value,” said Bruton.

As well as producing Lantus, the Waterford facility will also continue to produce other Genzyme products, inlcuding Myosyme, Lumizyme, Cerezyme, Thymoglobulin, Cholestagel, Renbela and Renagel.

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
FDASIA was signed into law two years ago. Where has the most progress been made in implementation?
Reducing drug shortages
Breakthrough designations
Protecting the supply chain
Expedited reviews of drug submissions
More stakeholder involvement
Reducing drug shortages
70%
Breakthrough designations
4%
Protecting the supply chain
17%
Expedited reviews of drug submissions
2%
More stakeholder involvement
7%
View Results
Eric Langerr Outsourcing Outlook Eric LangerRelationship-building at Top of Mind for Clients
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerRisk Reduction Top Driver for Biopharmaceutical Raw Material Development
Jill Wechsler Regulatory Watch Jill Wechsler Changes and Challenges for Generic Drugs
Faiz Kermaini Industry Insider Faiz KermainiNo Signs of a Slowdown in Mergers
From Generics to Supergenerics
CMOs and the Track-and-Trace Race: Are You Engaged Yet?
Ebola Outbreak Raises Ethical Issues
Better Comms Means a Fitter Future for Pharma, Part 2: Realizing the Benefits of Unified Communications
Better Comms Means a Fitter Future for Pharma, Part 1: Challenges and Changes
Source: ePT--the Electronic Newsletter of Pharmaceutical Technology,
Click here