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Business

Roche Takes Option To Buy Lonza Plant

by Michael McCoy
September 7, 2009 | A version of this story appeared in Volume 87, Issue 36
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Roche has exercised an option to buy Lonza’s cell culture biologic facility in Singapore. The price is $290 million plus milestone payments of $70 million. Roche says the 80,000-L plant will produce bevacizumab, the active ingredient in the cancer drug Avastin. The sale was anticipated by a 2006 deal between Lonza and Genentech, now part of Roche, under which Lonza bought a Genentech plant in Spain and agreed to eventually sell the Singapore plant to Genentech. Lonza plans to open another 80,000-L cell culture plant in Singapore by 2011.

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