Urgent.News

What's breaking now, across thousands of outlets.

Health & Medicine

Lonza Expanding U.S. CDMO Footprint with Purchase of Five Merck KGaA Sites

The deal would expand Lonza’s U.S. CDMO network from four to nine sites and grow the company’s U.S. workforce nearly 25% by adding approximately 1,100 employees, resulting in a combined headcount of more than 6,000 employees. The post Lonza Expanding U.S. CDMO Footprint with Purchase of Five Merck KGaA Sites appeared first on GEN - Genetic Engineering and Biotechnology News .

Lonza is set to expand its U.S. contract development and manufacturing organization (CDMO) presence by purchasing five sites from Merck KGaA. The deal is valued at around CHF 100 million to CHF 500 million, equivalent to $121.6 million to $608.2 million. Upon completion, Lonza's U.S. CDMO network will increase from four to nine sites, boosting the company's workforce by nearly 25% with an additional 1,100 employees.

This expansion will result in a combined headcount of over 6,000 workers. The acquisition of these sites will provide end-to-end development and manufacturing capabilities in the U.S., focusing on areas such as antibody-drug conjugates, viral vectors for cell and gene therapies, advanced drug-delivery technologies, and commercial-scale spray-drying.

Lonza's CEO, Wolfgang Wienand, stated that the acquisition aligns with the company's "One Lonza" strategy and aims to enhance the company's resilience and global manufacturing network. Merck KGaA's Chairman of the Executive Board and Group CEO, Kai Beckmann, described the transaction as an important step in advancing his company's mid- to long-term strategic agenda.

The transaction is expected to strengthen Merck's Life Science sector by focusing investments on scientific leadership and positioning Lonza as a strong partner for customers during the innovation to launch and commercial supply stages.

Written by urgent.news from GEN Biotechnology's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at genengnews.com →

More in Health & Medicine

More from Wednesday 4 November →