Organization: AstraZeneca

NEOMED plans Montreal expansion; proves new pharma R&D model works

Montreal’s NEOMED Institute needs more space to accommodate growing demand for its facilities and services. Discussions are underway with an unnamed third party equity investor to finance the expansion of its Laval facility with a decision expected within weeks. NEOMED’s growth proves it is possible to come up with a business model that can retain top talent in a region when big pharma employers decide to move out.

AstraZeneca buys DSM’s Montreal facility

AstraZeneca has acquired the mothballed Montreal biologics manufacturing facility from DSM Biologics Inc — the second major investment the UK-based pharmaceutical firm has made in Montreal this year. AstraZeneca will begin re-commissioning the facility immediately and expects to begin full-scale production in 2009. Located adjacent to the National Research Council‘s Biotechnology Research Institute, it will…