KBI Biopharma Extends $250M Manufacturing Agreement, Opens New Facility
KBI Biopharma expands $250M contract, extending manufacturing partnership through 2029.
Breaking News
Jul 27, 2024
Mrudula Kulkarni
JSR Life Sciences' contract development and manufacturing
organization (CDMO), KBI Biopharma, has announced an extended and expanded
manufacturing agreement with a major global pharmaceutical company.
The revised contract includes a commitment to purchase two
therapeutic products, adding approximately $250 million in value until the end
of the renewed term. Initially signed in 2020 and set to expire in 2026, the
contract has now been extended through 2029 following six months of
negotiations.
JD Mowery, president and CEO of KBI Biopharma, stated, “This
commercial contract extension highlights our commitment to solving complex
manufacturing challenges and solidifies our role as a next-generation CDMO.
Along with our successful FDA inspection, we are making strides in
biopharmaceutical development and manufacturing to bring new therapies to
market.”
Sarah Wakefield, SVP of corporate communications and global
marketing at KBI, informed BioProcess Insider that future production of these
molecules will also occur at the newly built Patriot Park facility in Durham.
She added that KBI’s personnel are well-prepared to meet the contract’s
requirements, emphasizing the company’s learning and development culture. “Our
team is continually trained on industry standards and best practices, as well
as specific procedures related to the molecules they work on,” she said.
This extension follows a successful FDA inspection in June
2024 at KBI’s Hamlin Road mammalian facility in Durham, North Carolina, where
the production will take place. This inspection allows the facility to
commercially manufacture an oncological mammalian drug substance for a key
strategic partner.