The company recently added a five-head isolator filler, designed for fill-finish activities, with the potential to generate up to $300 million in revenue annually.
In September, Agilent completed its acquisition of Biovectra, a contract development and manufacturing organization. Now, President Trump has threatened Canada with tariffs.
President Trump on Saturday imposed tariffs on imports from Canada, China, and Mexico. On Monday, Trump said he would pause the levies on Canada and Mexico.
CEO Alberto Santagostino, who took the helm in November 2024, is looking to differentiate the Seattle-based company from other CDMOs targeting the biopharma industry.
The CDMO is building identical large-scale production facilities in the U.S. and Europe, designed to modularly and seamlessly integrate manufacturing regardless of location.
Donald Trump’s presidency is creating a sense of optimism in the sector, as he looks to implement an America First trade agenda including tariffs on China, Canada and Mexico.
CEO Wolfgang Wienand touted the divestiture at last week’s J.P. Morgan Healthcare Conference in San Francisco. However, some in the audience expressed concerns.
The deal with the Chinese manufacturer is meant to accelerate the development and commercialization of Oramed’s oral insulin and other oral drug delivery technologies.
The specialized $41.2 million facility will support production of viral vectors for cell and gene therapies to treat certain cancers and autoimmune and genetic diseases.
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