Intellectual Thoughts by Sanjay Panda !!!!!: Hovione buys Pfizer's Pharma site


Wednesday, December 17, 2008

Hovione buys Pfizer's Pharma site

Portuguese contract manufacturer Hovione has emerged as the buyer for Pfizer’s production plant in Cork, Ireland, which was put on the block last year. The site manufactures intermediates for atorvastatin.The deal includes a contract for Hovione to carry out manufacturing for Pfizer when it takes over the site. Hovione said it would retain 70-80 of the 230-odd workers at the facility.


Hovione Cork, as it will be known, will manufacture a range of Hovione’s portfolio and over the next 24 months the company will transfer products from its Loures, Portugal site. It will also validate processes for new compounds in expectation of drug approval.


It offers a third pillar to Hovione’s manufacturing network, adding 427 sq. m. to the company’s facilities in Loures and China, with around 400 sq. m. apiece. The plant can handle a large number of specialised chemistries such as hydrogenation and low temperature chemistry, and also boasts a new, €70m spray-dried formulations unit.
The deal is scheduled to be completed by early April 2009.


pharma-outsource.com

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