Category: Merger/Acquisition Region: Asia · India Company: Syngene International Ltd

Syngene to acquire Unit 3 of Stelis Biopharma to add 20,000 liters of installed biologics drug substance manufacturing capacity

Syngene to acquire Unit 3 of Stelis Biopharma to add 20,000 liters of installed biologics drug substance manufacturing capacity
Syngene has announced the acquisition of Unit 3 biologics manufacturing facility, from Stelis Biopharma in Bengaluru. The companies have entered into a binding term sheet and, on completion of the transaction, the site will add 20,000 liters of installed biologics drug substance manufacturing capacity for Syngene. The site has the potential for future expansion up to a further 20,000 liters of biologics drug substance manufacturing capacity. It also includes a commercial scale, high speed, fill-finish unit

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