Piramal Pharma to invest $80M to expand its Lexington, Kentucky facility

30 Sept 2024

Piramal Pharma to invest $80M to expand its Lexington, Kentucky facility

Piramal Pharma Solutions (PPS), a leading global Contract Development and Manufacturing Organization (CDMO) and part of Piramal Pharma has unveiled an $80M investment plan to expand its Lexington, Kentucky facility.

The site specializes in sterile compounding, liquid filling, and lyophilization for sterile injectable drug products, playing a vital role in Piramal Pharma Solutions integrated antibody‐drug conjugate development and manufacturing program, ADCelerate'. The investment, financed by bank loans and internal accruals, aims to enhance the site's existing capacity and capabilities to meet the demands of a rapidly growing market.

With this expansion, Piramal Pharma will strengthen its position as an efficient and reliable global partner for biologic manufacturing, leveraging deep scientific expertise and extensive experience managing complex technical projects.   

The expansion will equip the Lexington site with an additional 24,000 square feet of manufacturing space, a new laboratory, and state‐of‐the‐art machinery to scale clients' products effectively. Key additions include a new filling line, two commercial‐size lyophilizers, a special capping machine, and an external vial washer.

Currently, the Lexington site can manufacture 104 product batches per year (utilization at peak levels). Upon completion of the expansion in Q1 of 2027, this capacity will increase to over 240 annual batches.

Explore our products
₹0 Brokerage *
*By signing up you agree to our Terms and Conditions

Top Blogs

blog-article-image-one

Insights

Top Jewellery Stocks in India

13 mins read . Nov 19, 2024

blog-article-image-one

Insights

List of Stock Exchanges in India

16 mins read . Nov 19, 2024

blog-article-image-one

Economy

Hindustan Unilever History

14 mins read . Nov 8, 2024

future contract
Explore our products
₹0 Brokerage *
Open Demat Account