Pharma Firm Veranova To Expand In Devens, MA

The company will invest $30 million into growing its development and manufacturing facility.

Veranova, a global leader in the development and manufacturing of specialist and complex APIs for the pharmaceutical and biotech sectors, recently announced the expansion of development and manufacturing capabilities at its Devens, Massachusetts facility. The estimated $30 million investment will build upon the company’s existing development and manufacturing capabilities and will address the growing demand for strong US-based capacity for ADCs and other potent small molecules.

“At Veranova, we recognize the growing demand for development and manufacturing of ADCs and other highly potent compounds,” said Mike Riley, CEO of Veranova. “This investment signals our commitment to providing state of the art capacity and capabilities to enable these next generation therapies to reach patients, and is a key milestone as we advance our broader growth strategy for Veranova.”

Devens
Veranova announced the expansion of its manufacturing facility in Devens, MA (Photo: Veranova/LinkedIn)

The expansion will include a new high potent process development laboratory and two new cGMP suites designed to handle potent compounds with occupational exposure limits (OEL) of less than 0.01 µg/m³. These facilities, will feature dedicated air handling systems, airlocks for clean-in-place operations, isolator technology, and a range of processing capabilities, including synthesis reactors, chromatography, thin film evaporators, and lyophilization.

Strategically located near the Boston pharmaceutical and biotech hub, Veranova’s Devens site is an FDA-approved facility with over 10 years of experience in the development, scale-up, and clinical and commercial production of ADC linker-payloads and other highly potent APIs. Positioned to perform development, clinical manufacturing, and commercial manufacturing under one roof, the Devens facility eliminates the need for tech transfers and leverages Veranova’s capabilities in both crystallization development and chromatography.

Check out all the latest news related to Massachusetts economic development, corporate relocation, corporate expansion and site selection.

LEAVE A REPLY

Please enter your comment!
Please enter your name here