Roche seeking to promote or shut down California biologic drug plant – ET HealthWorld

Roche seeking to promote or shut down California biologic drug plant – ET HealthWorld

New Delhi: Swiss drugmaker Roche Holding AG plans to promote its 800-employee drug manufacturing plant in Vacaville, California, or it’s going to shut the manufacturing facility by 2029, in accordance with e-mailed letters to employees seen by a information company on Wednesday.

Roche confirmed the divestiture plan in a press release,however didn’t deal with the potential closing of the plant or its timeline.

The corporate stated it doesn’t anticipate to want the very massive volumes of the medicines the plant gives, and large-scale manufacturing shall be carried out in one of many firm’s newer vegetation. It additionally plans to concentrate on medicine concentrating on smaller affected person populations transferring ahead, it stated within the emails to staff.

In keeping with Roche, there shall be no impression to operations or staff right now.

Roche is beneath new management this yr after CEO Thomas Schinecker took the helm and Theresa Graham grew to become head of the prescribed drugs division in March. It’s contending with dipping income for its COVID-19 therapies and assessments.

The corporate stated it’s searching for a purchaser that can proceed to make use of the plant as an working facility.

If the corporate is unable to discover a purchaser, it’s going to ramp down manufacturing and shut the plant in 2028 to 2029, the emails stated.

Roche acquired the plant greater than a decade in the past with its buy of US biotech Genentech. The plant makes medicine for most cancers together with Avastin and Herceptin, in addition to Actemra for rheumatoid arthritis.

Throughout the pandemic, Roche collaborated with Regeneron Prescription drugs to extend provide of that drugmaker’s COVID-19 antibody remedy. Roche manufactured the remedy on the Vacaville plant, which it sells outdoors the US beneath the model identify Ronapreve.

  • Printed On Jun 1, 2023 at 02:27 PM IST

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