New State of the Art Facility Increases Agilent’s Capacity to Produce Nucleic Acid-Based Therapeutics
Agilent Technologies, Inc. (A)
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Source: Business Wire
New facility in Frederick, Colorado, to produce high-quality molecules with the potential to treat cancer and other diseases SANTA CLARA, Calif.--(BUSINESS WIRE)-- Agilent Technologies Inc. (NYSE: A) today announced the opening of a production facility in Colorado that more than doubles its capacity to develop and manufacture “oligos,” which are short DNA and RNA molecules that customers use to produce nucleic acid-based therapeutics. Agilent expects the demand for therapeutic oligo manufacturing to grow near 10% each year through 2025, to over $750 million by 2025. This facility will enable Agilent to meet this growing demand and to continue being a partner of choice to pharmaceutical and biotech companies. Shipments to customers from this new site are expected by year-end. The new state-of-the-art facility is in Frederick, about 30 miles north of Denver. It produces oligonucleotide (“ol
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