CARBOGEN AMCIS AG has entered into a co-investment agreement of more than CHF 15 million with a key client to expand Swiss site

Dishman Carbogen Amcis Limited's subsidiary, Carbogen Amcis AG, a pharmaceutical process development and Active Pharmaceutical Ingredient (API) and drug products manufacturing company, announced today a joint funding agreement with a longstanding Japan based customer to build a site extension at the Bubendorf site in Switzerland.

The expansion will be created adjacent to an existing manufacturing facility on the Bubendorf Switzerland Site. This important expansion will incorporate a new production line comprising of two 850 L reactors and one agitated filter drier. The facility is designed for highly potent manufacturing up to category 4 (OEL of 1 µg/m³ and lower).

"We are grateful for the trust our customer has placed in us by deciding to support the Bubendorf site extension. Their investment will enable the creation of a state-of-the art facility that will benefit them directly," said Pascal Villemagne, VP sales and Marketing, CARBOGEN AMCIS. "This joint investment cements our working relationship over the long term and lays the foundation for a promising future."

CARBOGEN AMCIS will produce exclusively for the signatory customer a complex highly potent drug component for a commercial antibody-drug-conjugate API.

"The production of this intermediate involves five Dishman Carbogen Amcis facilities around the world: three sites in Switzerland (Bubendof, Hunzenschwil and Aarau), one in the UK (Manchester) and one in China (Shanghai). The highly potent production element will take place in Bubendorf, in the new building extension." commented Mark Griffiths, Director, Dishman Carbogen Amcis Limited. "We are thrilled and honoured to collaborate with our customer on this project to treat patients of need and also proud to demonstrate our ability to integrate our global supply chain network."

Currently, the planning phase for the building extension is underway and the Company expects to commence operations in autumn 2022.

Shares of Dishman Carbogen Amcis Ltd was last trading in BSE at Rs.160.9 as compared to the previous close of Rs. 154.5. The total number of shares traded during the day was 215647 in over 7091 trades.

The stock hit an intraday high of Rs. 168.5 and intraday low of 158.95. The net turnover during the day was Rs. 35253673.

Source : Equity Bulls

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