Avara Pharmaceutical Services signed an agreement with Pfizer Inc. to acquire the Liscate, Italy sterile manufacturing facility.
“This acquisition is an important component of our strategic plan and expands our services by adding sterile processing capability, which is in very high demand,” states Timothy C. Tyson, Avara’s Chairman and CEO.
A contract manufacturing and technical services organization, Avara provides both API formulation and manufacturing, along with secondary formulation, manufacturing and packaging of small-molecule drugs, including highly potent compounds. Avara has secondary manufacturing technologies including granulation, coating, blending, encapsulation, compression and drying of tablets and capsules.
Avara Pharmaceutical Services now has six sites, two in the U.S., including the corporate headquarters; one in Puerto Rico, one in the U.K., one in Ireland and this new additional site in Italy.
“As we celebrate another important milestone, we continue with great confidence to build a pharmaceutical services company with complementary offerings in key regions in this rapidly growing market,” says Tyson. “Each site has significant professional experience, state-of-the-art capability and a long history of delivering high-quality pharmaceuticals that meet or exceed customer expectations and regulatory requirements in every major market around the world.”
