Contract drug developer Almac has reached a milestone in its efforts to develop in-house therapeutics, taking its top prospect into Phase I trials.
Pharma outsourcer Almac has signed a deal that allows it to add emergency services to its clinical trial management platform, allowing sponsors to quickly handle unforeseen problems and minimize the need for unblinding data, the company said.
Contract developer Almac has earmarked £54 million ($90 million) to expand in its native Northern Ireland, planning to add 348 jobs over 5 years.
Almac Group saved some stellar news for the 2014 ASCO Annual Meeting in Chicago. The U.K. life sciences contract manufacturer said it validated a new diagnostic test that spots a subset of ovarian cancer patients with greater survival odds following standard chemotherapy who should avoid a specific Roche drug.
Contract developer Almac has signed a deal to license its technology to Genomic Health for breast cancer diagnostics, reaping $9 million with the chance for a bigger payday down the road.
Almac is expanding its contract manufacturing presence in Ireland, spending about $21.5 million to bolster a production facility and add 229 jobs.
Almac is adding to a production line at a facility in Northern Ireland for its Almac Pharma Services group. The company will get some government support for the project, which will add nearly 230 jobs.
CMO Almac says its new packaging operation in Pennsylvania has garnered the FDA's approval and will soon be spitting out blister packs, bottles, wallet and vial packaging and labels.
Almac has completed its knowledge transfer partnership with Belfast's Queens University, a pairing designed to boost the CDMO's biocatalysis business.
If recent research by Novartis pans out, plants may be adding blister pack lines to help boost sales.