
Emergent BioSolutions Enters Agreement with ProMetic Life Sciences
Emergent gives ProMetic long-term access to its Winnipeg facility.
Emergent BioSolutions announced on May 19, 2015 that it was entering into an agreement with ProMetic Life Sciences that gives ProMetic long-term access to Emergent’s FDA-licensed facility in Winnipeg, Canada. ProMetic will transfer its manufacturing process and technology into the Winnipeg facility. Emergent will scale-up and manufacture cGMP biopharmaceuticals, and ProMetic will be able to pursue additional investigational new drug filings.
"Emergent is pleased to enter into this agreement, which reflects our leading capabilities in plasma fractionation and fits perfectly with ProMetic's proprietary plasma purification platform," said Barry Labinger, executive vice-president and president, Biosciences Division at Emergent BioSolutions, in a
The agreement requires ProMetic to purchase C$4 million (US$3.27 million) capacity in the first full year of the contract, with the minimum order increasing over the 15-year contract, for an aggregate total of the minimum fees in excess of C$100 million (US$82 million).
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