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Despite COVID-19 uncertainty, the market for contract pharmaceutical manufacturing continues to grow, and some midlevel players are looking to expand. Now, a French CMO is looking to scale up in its home country and abroad to keep up with demand.
Fareva plans to bolt on four manufacturing sites across France and Austria to boost its sterile injectable and monoclonal antibody production. The new facilities will bring more than 1,000 employees into the fold, the company said.
Of those four sites, Fareva has finalized terms for two—at Idron and Saint-Julien-en-Genevois in France—with French pharma firm Pierre-Fabre Group. Financial terms of the deal were not disclosed.
The Idron "pilot plant" holds 200 employees and 10 commercial lines dedicated to sterile injectables, Fareva said, and will go online at the end of 2021. The smaller Saint-Julien-en-Genevois site employs more than 30 workers and specializes in producing monoclonal antibodies.