Boehringer Ingelheim Finalizes Acquisition of Amgen's Fremont Facility in the USA

General Press Releases Friday March 25, 2011 13:27
INGELHEIM, Germany--25 Mar--PRNewswire-AsiaNet/ InfoQuest
Boehringer Ingelheim Strengthens Global Biopharma Presence.

Today Boehringer Ingelheim formally acquired Amgen's biopharmaceutical development and manufacturing facility in Fremont, California (USA). This acquisition involves leasing buildings, acquiring physical equipment and assuming manufacturing processes done at the Fremont site. The state-of-the-art facility currently employs more than 300 employees and consists of more than 200,000 square feet for laboratories, manufacturing and process development suitable for clinical and market supplies. The purchase agreement was signed in January 2011. The companies agreed not to disclose details of the purchase price.

(Logo: http://photos.prnewswire.com/prnh/20110324/CL71469LOGO )

"Presence in Fremont, CA aligns with our growth strategy in several ways," said Simon Sturge, Corporate Senior Vice President Biopharmaceuticals, Boehringer Ingelheim GmbH. "The strategic decision to have a state-of-the-art contract manufacturing facility in the U.S. Bay Area biotechnology cluster will give Boehringer Ingelheim a greater opportunity to serve current and future customers. In addition the technological expertise present at Fremont will complement our goal to further increase Boehringer Ingelheim's world leading position in the process development and manufacture of Biopharmaceuticals."

As a fully integrated manufacturing site, the Fremont site complements the existing capabilities and technology found across the existing Boehringer Ingelheim biopharma network located in Biberach/Germany and Vienna/Austria.

Boehringer Ingelheim has been a contract manufacturer for Amgen for ten years and will continue to support Amgen's delivery of safe and effective medicines to patients around the world. "We look forward to our continued contract manufacturing partnership with Amgen," said Simon Sturge.

The Boehringer Ingelheim contract manufacturing portfolio includes sixteen licensed biopharmaceuticals manufactured in globally licensed multi-product facilities, a growing pipeline of New Biological Entities (NBEs), and a growth strategy in the Contract Manufacturing Business (CMB). Boehringer Ingelheim's objective is to remain a leader in Contract Manufacturing as an industry benchmark for operational excellence including technical expertise and state-of-the-art technology.

About Boehringer Ingelheim

Boehringer Ingelheim is one of the world's leading companies for contract development and manufacturing of biopharmaceuticals. All types of services from mammalian cell line or microbial strain development to final drug production and global market supply can be delivered within a one-stop-shop concept. Boehringer Ingelheim has brought 18 molecules to market and has many years of experience in multiple molecule classes such as monoclonal antibodies, recombinant proteins, interferons, enzymes, fusion molecules, novel scaffold proteins and plasmid DNA. For more information please visit www.biopharma-cmo.com .

The Boehringer Ingelheim group is one of the world's 20 leading pharmaceutical companies. Headquartered in Ingelheim, Germany, it operates globally with 142 affiliates in 50 countries and more than 41,500 employees. For over 125 years, the family-owned company has been committed to researching, developing, manufacturing and marketing novel products of high therapeutic value for human and veterinary medicine. In 2009, Boehringer Ingelheim posted net sales of 12.7 billion euro while spending 21% of net sales in its largest business segment Prescription Medicines on research and development. For more information please visit www.boehringer-ingelheim.com .

SOURCE: Boehringer Ingelheim
CONTACT:
U.S. Media Inquiries:
Jason Kurtz
Communications & PR
Boehringer Ingelheim Ben Venue Laboratories, Inc.
+1-440-201-3668
Jason.Kurtz@boehringer-ingelheim.com
Outside the U.S.:
Heidrun Thoma
Corporate Communications
Germany
Boehringer Ingelheim GmbH
+49-6132 77 3966
Heidrun.Thoma@boehringer-ingelheim.com
Twitter: www.twitter.com/boehringer
AsiaNet 43956
-- Distributed by AsiaNet ( www.asianetnews.net ) --

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