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16/06/2017
Bristol-Myers Squibb To Sell Manufacturing Facility
South Korean company SK Biotek is to acquire Bristol-Myers Squibb's manufacturing facility in Swords, Co Dublin, it has been announced.
Under the acquisition, all jobs on the Swords site dedicated to API Operations will transition to SK Biotek. The companies intend to complete the deal by Q4 2017, at which time SK Biotek will continue to manufacture the current portfolio of small molecule pharmaceutical products at the site.
The Swords facility currently manufactures active pharmaceutical ingredients (APIs) for a number of medicines including Bristol-Myers Squibb's and Pfizer's Eliquis. SK Biotek will operate the plant as a stand-alone Contract Development Manufacturing Organization and intends to add marketing, research and development (R&D) talent, and invest in upgrades to bring additional capacity to the site.
(JP)
Under the acquisition, all jobs on the Swords site dedicated to API Operations will transition to SK Biotek. The companies intend to complete the deal by Q4 2017, at which time SK Biotek will continue to manufacture the current portfolio of small molecule pharmaceutical products at the site.
The Swords facility currently manufactures active pharmaceutical ingredients (APIs) for a number of medicines including Bristol-Myers Squibb's and Pfizer's Eliquis. SK Biotek will operate the plant as a stand-alone Contract Development Manufacturing Organization and intends to add marketing, research and development (R&D) talent, and invest in upgrades to bring additional capacity to the site.
(JP)
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