CordenPharma Will Scale Up To Address GLP-1 Shortage

 
• By Joseph Haas
  
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The Swiss contractor said it will invest about $981m to increase manufacturing capacity for GLP-1 peptides in the US and EU, to fulfill API contracts worth more than $3bn.

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CordenPharma is scaling up to produce more GLP-1 APIs for clients • Source: Shutterstock

CordenPharma is undertaking a major expansion of its manufacturing capabilities to meet the global need for GLP-1 agonist-containing therapies, the Basel-based firm said on 16 July. In all, the contract manufacturing and development organization plans to spend approximately €900m (about $981.4m) over the next three years to expand a manufacturing site in Colorado and build a new site in Europe as well.

In an interview, CEO Michael Quirmbach said he could not divulge which companies CordenPharma is or will be providing GLP-1...

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