Piramal healthcare today announced that it is to invest 11 million USD at its Morpeth, Uk facility to triple the production capacity for hormonal products, including contraceptive pills and hormone replacement therapies. The expansion which has been commissioned in response to customer demand and new business gain, will see the Morpeth site's production capacity increase by around 2 billion tablets per annum.
Work on the new suite, which will house formulation, packaging coating and tableting equipment, will commence at the end of 2013, with mechanical completion anticipated within 12 months and full operations expected to begin following a 6 month validation period.
The latest investment follows Piramal healthcare's recent announcement that it is to invest 2.5 million USD at its FDA approved Grangemouth, UK, site to upgrade one of its antibody drug conjugate (ADC) manufacturing sites, from clinical phase to commercial grade, in response to customer demand.
The upgrade will give Piramal two commercial grade ADC suites at the Grangemouth facility, while retaining clinical phase manufacturing capacity in other suites on site.
"The production of hormonal products is highly specialised, niche area," commented Piramal Enterprises' Executive Director and COO, Vijay Shah. "The Morpeth facility is our Centre of Excellence for these products and this expansion will greatly enhance our offer and potential for growth in this space. The hormonal sector currently represent a USD 11 billion market globally and is growing at a pace of 4% to 5% annually. With major competitions limited to a small number of CMOs in Europe, Piramal sees major opportunities for growth in this area given our vast experience in this field, which spans more than 40 years."