Bora Pharmaceuticals Expands North American Footprint with Agreement to Acquire First Sterile Manufacturing Facility

Update : 25th June, 2024

Bora Pharmaceuticals Co., Ltd. (“Bora” or “the Company”, TWSE: 6472), announced that it has successfully entered into an agreement for Emergent BioSolutions’ (“Emergent”, NYSE: EBS) sterile manufacturing facility in Baltimore-Camden, Maryland as part of a major commercial expansion for the Company. Bora has an established footprint in the US following its acquisition of Upsher-Smith Laboratories, a generics manufacturer based in Minnesota, earlier this year. This second acquisition is the next milestone in the Company’s growth strategy, as it continues its plans to expand into sterile drug product manufacturing and grow its footprint in North America.

The newly acquired 87,000-sq. ft. facility provides drug product manufacturing services for sterile injectables and offers clinical and commercial non-viral aseptic fill/finish services on four fill lines, including lyophilization, vials filling and pre-filled syringe filling.

This acquisition will allow Bora to offer drug substance and drug product capabilities, and complements the services of Bora Biologics, the Company’s development and manufacturing offering for biologics developers.

Commenting on this latest acquisition, Bobby Sheng, Chairman and CEO of Bora Group said: “This transaction not only demonstrates our commitment to our growth strategy and plans for expansion in North America, but also enables us to expand our offering for our biologics customers. We look forward to working with the hugely talented team at the facility and supporting new and existing customers as we grow and develop the facility.”

The sterile injectable market continues to grow and the market size is expected to reach approximately $1.0 trillion by 2030 at a 6-year CAGR of 10.17%, according to researchandmarkets. Bora has ambitious plans to enhance the newly acquired facility, and all staff currently based at the Camden site will be given the opportunity to remain in place and become part of the Bora team.

Gibson Dunn advised Bora on the transaction.

 

About Bora

Founded in 2007, Bora Pharmaceutical Co., Ltd. (“Bora” or “the Company”, 6472.TW) is the largest pharmaceutical manufacturer in Taiwan with well-connected global distribution to supply more than 100 countries around the world. Bora is dedicated to becoming a global leader in pharmaceutical manufacturing by offering its clients the best quality, efficiency, and reliability. For more information, visit www.bora-corp.com.

Source : Bora Pharmaceuticals


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