Updated: Lonza sets sights on expansion, buying Novartis facility; IQVIA leads $14 million Series B funding round
→ Lonza Pharma & Biotech is expanding, buying up a Swiss facility Novartis has been using to produce drug vials and plugging it into their global supply network for industry clients. As is often the case with these deals, Lonza is picking up the work for Novartis under contract. The facility has been up and running for a decade now, serving as the Novartis Center of Excellence for sterile clinical (Phases I to III) drug product manufacturing. Lonza has already announced expansions at its sites in Basel and Visp, Switzerland and “from 2020 the group will expand development and testing labs into a larger building in Basel and expects its Ibex Solutions fill and finish facility in Visp to be operational on-track from mid-2021.”
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