Avara Acquires Sterile Facility From Pfizer In Italy

NORWALK, Conn., Aug. 8, 2017 /PRNewswire/ -- Avara Pharmaceutical Services has signed an agreement with Pfizer Inc. to acquire the Liscate, Italy sterile manufacturing facility. "This acquisition is an important component of our strategic plan and expands our services by adding sterile processing capability, which is in very high demand," stated Timothy C. Tyson, Chairman and CEO.

Tim Tyson, a global leader in the pharmaceutical industry, is Chairman and CEO of Avara Pharmaceutical Services. In his 35-plus year career, Mr. Tyson has negotiated complex multi-billion dollar mergers and acquisitions, led major turnarounds that have fueled growth and value, and most significantly, has been instrumental in bringing more than 50 life-saving and life-improving medicines to market.

Avara Pharmaceutical Services is a state-of-the-art contract manufacturing and technical services organization providing both API formulation and manufacturing, along with secondary formulation, manufacturing and packaging of small molecule drugs, including highly potent compounds.  Avara has secondary manufacturing technologies including granulation, coating, blending, encapsulation, compression and drying of tablets and capsules.

Avara Pharmaceutical Services now has six sites. Two in the US, including the corporate HQs; one in Puerto Rico, one in the UK, one in Ireland and this new additional site in Italy.

  1. Norwalk, CT (USA) - Corporate HQ
  2. Arecibo, Puerto Rico -Secondary manufacturing and packaging
  3. Shannon, Ireland -API formulation and manufacturing
  4. Norman, OK (USA) -Secondary manufacturing and packaging
  5. Avlon, United Kingdom API formulation and manufacturing
  6. Liscate, Italy-Sterile Manufacturing

"As we celebrate another important milestone, we continue with great confidence to build a pharmaceutical services company with complementary offerings in key regions in this rapidly growing market. Each site has significant professional experience, state of the art capability and a long history of delivering high quality pharmaceuticals that meet or exceed customer expectations and regulatory requirements in every major market around the world.  The people who are a part of the Avara team are the key to our long-term success," said Tyson. "We are focused on delivering on our commitments and earning the trust of every customer we deal with."

About Avara
Avara Pharmaceutical Services, Inc., based in Norwalk, Connecticut is an international pharmaceutical services company that delivers world-class contract manufacturing and technical services to the pharmaceutical industry. Avara has primary and secondary manufacturing facilities in North America and Europe and supplies products to all major markets around the world.  Avara's broad experience with supply chain, commercialization, product launch and product transfer allow us to sustain exemplary levels of product quality and regulatory compliance. The company is known to exceed customer service level expectations and consistently deliver on time, in full at a fair price. For more information, please visit our website at www.avara.com

CONTACT: Guy Tiene, 212-366-4455

Avara Pharmaceutical Services, Inc.

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SOURCE Avara Pharmaceutical Services, Inc.

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