UCB to secure long-term partnership with UNITHER Pharmaceuticals for its Rochester manufacturing facility
UCB has agreed with UNITHER Pharmaceuticals, a leading pharmaceutical manufacturer, that UNITHER will acquire UCB’s manufacturing plant in Rochester, New York. The agreement is part of UCB’s strategy to optimize its manufacturing network in line with the evolution of its portfolio.
The transaction also includes a six-year supply agreement between UCB and UNITHER and UCB Rochester’s approximately 250 employees and 50 temporary staff will all be offered employment opportunities with UNITHER.
The financial details of the agreement were not disclosed. The transaction will have no impact on UCB's financial 2013 outlook.
The transaction is in line with UCB’s strategy to increasingly utilize a network of trusted partners for its mass manufacturing activities. By choosing UNITHER as a partner, UCB is confidently transferring its production activities in Rochester to a rapidly-growing manufacturing company that has the highest quality standards and growth ambitions for the site. Read the full story.