◂ Announcements

Jul 16, 2024INVESTMENTFrankfurt, Germany, Germany

CordenPharma invests €900M in peptide production expansion

CordenPharma announced a €900 million investment over three years to expand its peptide technology platform, including new facilities in the US and Europe and a GMP capacity expansion at its Frankfurt site. The Frankfurt expansion is expected to be operational in Q4 2024.

Value

$990.0M (900.0M EUR)

Starts operating

Q4 2024

Status

Under construction

Capacity

1000 m2 of manufacturing space

Productspeptide APIs

CompaniesCordenPharma

Sectors#Specialty Chemicals

“On 16 July 2024 we announced our largest strategic investment to date to grow our Peptide technology platform with a committed spend of ~€900m over the next 3 years.”cordenpharma.com

1 source
cordenpharma.comCDMO End-to-End Supply Expansions Across 6 PlatformsDr. Stephan Haitz Chief Commercial OfficerNov 11, 2024

Summarized from public sources; check the original articles before acting on it.

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