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Business
Hovione Acquires Finished-Drug Plant
by Michael McCoy
October 19, 2015
| A version of this story appeared in
Volume 93, Issue 41
The pharmaceutical chemical producer Hovione is moving downstream in the production chain with the $10 million purchase of a finished-drug plant near its headquarters in Loures, Portugal. The plant was built by Sanofi predecessor Aventis and recently owned by a generic drug firm. The purchase is the second recent investment for Hovione. Earlier this month the company said it will spend $25 million at its East Windsor, N.J., facility to double chemical production and enhance spray-drying capability.
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