Lonza to buy U.S. biologics site from Roche for $1.2B [Seeking Alpha]
ROCHE HOLDING LTD S/ADR (RHHBY)
NASDAQ:AMEX Investor Relations:
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Source: Seeking Alpha
The Genentech facility in Vacaville is one of the largest biologics manufacturing facilities in the world by volume, with a bioreactor capacity of around 330,000 liters. The acquisition will boost Lonza's ( OTCPK:LZAGF OTCPK:LZAGY ) large-scale biologics manufacturing capacity for mammalian therapies and significantly extend the presence of its facility network in the U.S., the company said in a news release The transaction is expected to close in the second half of 2024, subject to customary closing conditions. Upon closing, the facility will be integrated into Lonza's Biologics division, joining a network of existing mammalian manufacturing sites around the world. Lonza ( OTCPK:LZAGF OTCPK:LZAGY ) plans to invest around CHF 500M in additional CAPEX to upgrade the site and enhance capabilities to meet demand for the next generation of mammalian biologics therapies. The products currently manufactured at the site by Roche ( OTCQX:RHHBY OTCQX:RHHBF ) will be supplied by Lonza
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