Issue Date: June 11, 2007
AstraZeneca to buy DSM biologics plant
AstraZeneca will acquire DSM's biologics manufacturing facility in Montreal for an undisclosed sum. The drug company says it will use the 66,000-sq-ft facility to manufacture antibody drug candidates for clinical trials. It plans to begin full-scale production in 2009. AstraZeneca, which is in the process of acquiring the biotech firm MedImmune and recently purchased Cambridge Antibody Technology, is on a push to expand its presence in biopharmaceuticals. DSM announced a mothballing of the Montreal plant in January 2006 as part of a restructuring of its pharmaceutical chemicals and biologics businesses.
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