Market Overview

Biogen, Eisai Announce Manufacturing Alliance at Research Triangle Park Plants

Related BIIB
After Recent Surge, Are Biotech ETFs Back on Track? - ETF News And Commentary
UPDATE: Morgan Stanley Reiterates On Biogen Idec Following Plegridy Approval
Don't Panic Over Recent Tech Turmoil (Fox Business)

Biogen Idec (NASDAQ: BIIB) and Eisai Inc. today announced a strategic alliance that will bolster the manufacturing capabilities of both companies' Research Triangle Park (RTP)-based facilities. Under the terms of the agreement, Biogen Idec will lease a portion of the Eisai facility to manufacture oral solid dose products for both companies. Eisai will provide Biogen Idec with vial-filling services for biologic therapies and packaging services for oral solid dose products. The 10-year lease agreement gives Biogen Idec the option to purchase the Eisai oral solid dose facility.

Approximately 50 Eisai personnel are expected to become Biogen Idec employees in early 2013, building on the company's RTP workforce which exceeded 1,000 in 2012. Eisai currently employs approximately 225 full-time employees at its RTP site.

Biogen Idec and Eisai have both operated manufacturing facilities in RTP since the mid-1990s. “This alliance underscores the Triangle region's reputation as a globally competitive location for life sciences,” said Bob Geolas, president and CEO of the Research Triangle Foundation. “In addition, it's an illustration of the type of collaboration we encourage and foresee becoming more commonplace as the Park moves forward with its new Master Plan.”

Posted-In: News

 

Related Articles (BIIB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters