Symbiosis Boosts US Presence in Response to Market Growth
UK-based sterile filling specialist Symbiosis Pharmaceutical Services has strengthened its North American footprint with the appointment of a US-based business development manager to support increased demand from biotech companies for its manufacturing services.
The move to reinforce Symbiosis’ presence in North America is bolstered by the recent surge in funding of biotech firms in the US. A more positive investor climate in the US continues to increase the demand for small scale biological sterile manufacturing capabilities to support clinical trials globally.
The fast-growing contract manufacturing organisation (CMO) has appointed Derek Richards to oversee its business development activities across the East Coast and also has plans to appoint a senior executive to look after commercial interests on the West Coast in the New Year.
Derek will work closely with Symbiosis’ existing commercial team in Europe to help build the company’s profile in the US, promote its rapid manufacturing capability and increase uptake of its aseptic vial filling services in the North American market.
Symbiosis’ specialises in sterile injectables and the aseptic manufacturing of drug products, which are either liquid or lyophilised formulations filled into vials. Its core manufacturing capability is undertaken within a purpose-built facility in Stirling, Scotland, specifically designed for the manufacture and quick release of sterile drug products at clinical and niche market scale.
Colin MacKay, CEO at Symbiosis Pharmaceutical Services, said: “Our investment in the US market over the next few months is very much a measure of our commitment to meet the growing demand of biotech companies that require a contract sterile fill/finish partner like us to help get their products to clinical trials in absolute compliance with regulatory standards and in the most time-efficient manner possible.
“Derek brings a great amount of industry experience and established contacts to drive the development of new and existing relationships in the US and to ensure that more companies in North America understand where we can add specific value to their drug development projects.”
An experienced commercial executive, Derek Richards has worked across the pharmaceutical sector for around 20 years and brings an impressive track record in the sterile manufacturing and clinical development sector to his new role.
Derek said: “I have been extremely impressed by Symbiosis’ niche positioning, philosophy, talent acquisition and growth over the last few years. Once I became aware of the firm’s plan to expand in the US, it seemed like the ideal fit for me to get involved.
“I am looking forward to working with a team that possess the knowledge and experience to produce the highest quality pharmaceutical drug products and in turn, the opportunity to build a successful business in the United States.”
“I’m delighted that this level of service excellence has directly led to repeat business from many of our clients and some impressive recommendations, which to date has helped support the considerable 30% year on year growth of the business.
“With a new but experienced commercial team now established in the US working in tandem with our existing European team, we can service clients undertaking clinical drug development projects in the US, Europe, or in both territories.” added Colin.
Related News
-
News US BIOSECURE Act passed by US House of Representatives
The controversial act, which has already impacted several foreign companies operating in the US, was passed by the House of Representatives on September 9, 2024. It is now headed for the US Senate before it can be signed into law by President Joe Biden... -
News Pharma Supply Chain People Moves
The latest appointments, promotions, and structural changes across the pharmaceutical supply chain. -
News Drug prices agreed upon as part of the US Inflation Reduction Act
The Inflation Reduction Act brought into constitution by the Biden administation in 2022, which proposed a drug price negotiation between the government and pharmaceutical companies, has reached it's first agreement. -
News BIOSECURE Act continues to loom over Chinese pharma manufacturers
With the US BIOSECURE Act on its way to passing into legislation, Chinese companies are facing declining revenues within the first half of 2024 as US pharmaceutical and healthcare companies pull their businesses from the country. -
News Ophthalmologic drug product Eylea faces biosimilar threats after FDA approvals
Regeneron Pharmaceutical’s blockbuster ophthalmology drug Eylea is facing biosimilar competition as the US FDA approves Biocon’s Yesafili and Samsung Bioepis/Biogen’s Opuviz. -
News ONO Pharmaceutical expands oncology portfolio with acquisition of Deciphera
ONO Pharmaceutical, out of Japan, is in the process of acquiring cancer-therapy maker Deciphera Pharmaceuticals for US$2.4 billion. -
News First offers for pharma from Medicare drug price negotiations
Ten high-cost drugs from various pharma manufacturers are in pricing negotiations in a first-ever for the US Medicare program. President Biden’s administration stated they have responded to the first round of offers. -
News Eli Lilly’s Zepbound makes leaps and bounds in weight-loss drug market
In the last week, Eli Lilly has announced their partnership with Amazon.com’s pharmacy unit to deliver prescriptions of Zepbound. Zepbound has also surpassed Novo Nordisk’s Wegovy for the number of prescriptions for the week of March 8.&nbs...
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance