Sustainability initiatives are launching across the biopharmaceutical industry as companies begin to scrutinize their environmental impacts as part of the growing environmental, social, and governance (ESG) movement in business. Achieving ambitious sustainability goals will require organizations to evaluate their raw materials, production processes, product packaging, operations, and supply and distribution chains — and such work will entail monumental effort. Herein, BPI managing editor Brian Gazaille speaks with Brian Fahie, head of analytical development at Biogen, about that company’s efforts to…
Tuesday, May 30, 2023 Daily Archives
Agilent: Established pharma compensating for ‘shut down’ small biotech
Expected revenue growth from emerging biotech has gone from double-digits to a decline says Agilent Technologies, but mid-to-large pharma remains robust. Instrument and consumable vendor Agilent pulled in $1.72 billion, up 9.5% year-on-year, for its fiscal year 2023 Q2 results. Specifically, revenue for pharma and biopharma grew 11% in Q2 and when Agilent’s Nucleic Acid Solutions Division (NASD) was included it grew 16%. What made these figure more impressive is the “increasingly challenging market environment,” management explained on the call,…
AbCellera inks $515m deal to build antibody facility in Canada
The co-investment with the Governments of Canada and British Columbia will fund construction of antibody-based facilities to bolster capabilities and infrastructure. The CA$701 million ($515 million) investment aims to strengthen Canada’s capabilities and infrastructure for drug development, production, and clinical research. Additionally, it will delivery antibody drugs to patients throughout Phase I clinical trials. Vancouver-based antibody manufacturer AbCellera anticipates investing CA$401 million ($294 million) into the project, and the Governments of Canada and British Columbia will contribute CA$300 million ($221…