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Pharma Tech Outlook | Monday, October 12, 2020
Sterling Pharma Solutions has acquired Alcami's US facility to further bolster its US presence and cater to global customer demand for its services.
FREMONT, CA: Global contract development and manufacturing organization (CDMO), Sterling Pharma Solutions, announces its acquisition of Alcamis Germantown, Wisconsin facility in the US. The new facility will further bolster Sterling's US presence and will deliver the additional ability for custom API development and manufacturing projects, particularly for those with complex and hazardous requirements.
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The Germantown facility houses leading cGMP development, scale-up, and manufacturing facilities and has expertise in managing technologies, including plant-scale hydrogenation and cryogenic reactions. The acquisition follows Sterlings sustained growth over the last four years, which has witnesses the company invest $46million into its service offering, with a recent $1.5million investment into the company's Cary facility in the US.
Sterling Pharma Solutions is delighted to announce our acquisition of the Germantown facility in the US. This is the recent step of its strategic growth plans and will ensure the company continues to provide a robust transatlantic API presence to support its customers. The US market continues to be a vital growth area for the company. In addition to bolstering its API clinical and commercial manufacturing, the Germantown facility has extensive expertise in managing high potency APIs, which will be a valuable addition to the organization. The team is excited to welcome the Germantown team into the Sterling family.
Alcami has more than 40 years of experience providing comprehensive drug product manufacturing and analytical testing services. This transaction continues its strategy to focus investments on our core service offerings. The latest announcement follows several expansion projects, including the Alcamis buildout of the sterile manufacturing facility in Charleston, SC, and the TriPharm acquisition completed in January 2020. Alcami is widening substantial sterile manufacturing and laboratory capacity with the best facility and equipment design.
Sterling Pharma Solutions is a pioneering contract development and manufacturing organization (CDMO) and is among the largest providers of small molecule API development and manufacturing services to the pharmaceutical industry, specializing in tackling challenging chemistries. With over 50 years of experience, the team can manage the most complex API and API intermediate challenges from proof-of-concept to commercial manufacture.
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