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Business
Novozymes Splits Off Biopharma Unit
by Marc S. Reisch
January 25, 2016
| A version of this story appeared in
Volume 94, Issue 4
Enzyme maker Novozymes has separated its biopharma business into a separate subsidiary called Albumedix, which makes albumin, a protein occurring in human blood. Its recombinant albumins are used to stabilize drugs and vaccines. Albumedix will have “the best possible growth conditions” as a stand-alone unit, Novozymes says. The 100-person company plans to start clinical development of Veltis, an albumin-based technology used to extend the half-life of pharmaceuticals.
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