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AstraZeneca to buy DSM biologics plant

June 11, 2007 | A version of this story appeared in Volume 85, Issue 24

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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