BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

ScinoPharm Completes Changshu, China Plant


12/12/2013 11:10:01 AM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

TAINAN, Dec. 12, 2013 /PRNewswire/ -- ScinoPharm (TWSE:1789) today announced that the company has completed construction of its Changshu plant on a 16-acre (6.5-hectare) site. The facilities, located in Changshu, (Jiangsu province) China, include an R&D process development center and a multipurpose API (active pharmaceutical ingredients) manufacturing plant fully compliant with U.S., EU, and Chinese CGMP standards.

A total of US$113 million was invested in this facility. The new plant will work together with ScinoPharm Taiwan in the production of new international and generic drugs and to respond to the domestic demands of the Chinese market. The plant has already received drug production licenses from the Chinese FDA for 4 API products.

Dr. Jo Shen, President and CEO of ScinoPharm, stated that mainland China would become the second largest pharmaceutical market in 2015. The completion of ScinoPharm's Changshu plant significantly expands the company's capacity to respond to increasing global market demands for generic and other cost effective products. This plant will also serve as the base for the company to develop its API business in mainland China. ScinoPharm has already developed 9 of the top 20 oncological products used in mainland China.

The Changshu plant is the first API production plant to be built in accordance with the latest GMP requirements announced by the China Food and Drug Administration (CFDA) and is expected to benefit from reduced competition resulting from many existing companies' inability to comply with these much more stringent compliance requirements. The Changshu plant is equipped to manufacture high-potency, anti-tumor, hormonal-active pharmaceutical ingredients and intermediates in highly contained facilities. In addition, the plant is also able to manufacture new products in smaller quantities for sales evaluations and for GMP samples. Its large-scale production lines are capable of manufacturing various types of APIs in larger quantities to meet increasing market demands as its customer's business expands and product quantities grow.

During the inauguration ceremony, Dr. Jo Shen also signed an agreement with the Economical Development Zone to purchase an additional 108 acres (43.2 hectares) of adjoining property to be used for the development of future API production lines and for the construction of future formulation production plants. ScinoPharm is clearly committed to being a significant participant in the rapidly growing Chinese pharmaceutical market and has established distinctive long-term strategies to achieve these goals.

The Changshu plant can also serve as a primary link for companies desiring to supply pharmaceutical products from mainland China to the American and European markets given ScinoPharm's high quality production capability and its vast international experience. This large facility will also allow ScinoPharm to quickly respond to the demands of the market place while providing a single-source service with the capability of adding additional down-stream value as well as long-term partnerships with its customers.

About ScinoPharm Taiwan

ScinoPharm Taiwan, Ltd. is a leading process R&D and API manufacturing service provider to the global pharmaceutical industry. With research and manufacturing facilities in both Taiwan and mainland China, ScinoPharm offers a wide portfolio of services ranging from custom synthesis for early phase pharmaceutical activities to brand companies as well as APIs for the generic industry. For more information, please visit the Company's website at www.scinopharm.com.

SOURCE ScinoPharm Taiwan, Ltd.



Help employers find you! Check out all the jobs and post your resume.


Read at BioSpace.com
Read at ChinaBio Today

 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES