Piramal Pharma Solutions invests US$32 Million to expand its Riverview Michigan facility
Piramal expansion will increase API manufacturing capabilities; set to open in 2022
RIVERVIEW — Piramal Pharma Limited‘s Pharma Solutions business, a leading Contract Development and Manufacturing Organization (CDMO), announced on Dec. 8 plans to expand its facility in Michigan with additional capacity and new capabilities for the development and manufacturing of Active Pharmaceutical Ingredients (APIs). The company is investing ~US$32 million in the facility to keep up with expected demand based on current forecasts, including potential new opportunities.
This expansion of more than 25,000 square feet, which includes 8,500 square feet of production space, will provide significant benefits to customers and patients. Capacity will increase in large-scale manufacturing with the addition of new reactors capable of handling up to 4000L. Piramal Pharma Solutions (PPS) is also adding two new kilo labs for process development and GMP manufacture for clinical trials at scales up to 100L.
Peter DeYoung, CEO, Piramal Pharma Solutions said, “Piramal Pharma Solutions’ Riverview facility has a well-earned reputation as the preeminent leader in high potency APIs (HPAPIs), and this expansion is designed to ensure that we retain that position. It enables us to support our customers’ immediate and long-term API needs, strengthens our presence in North America, and enhances our ability to serve patients around the world by delivering the best active ingredients in a timely manner.”
The expansion is planned to be ready for customers beginning Summer 2022. It is expected that the expansion will add approximately twenty new hires to the site, bringing the total headcount to more than 180 employees and further benefitting the local economy. This would be the seventh major acquisition or expansion by PPS in North America in the past six years demonstrating a sustained substantial commitment to patients, customers, employment, and growth.