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Piramal Pharma Solutions to Invest $80 Million to Expand Sterile Injectables Plant in Kentucky, USA.
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Specifications:
Name:
Piramal Pharma Solutions to Invest $80 Million to Expand Sterile Injectables Plant in Kentucky, USA.
Location:
Kentucky,USA
Company:
Piramal Pharma Solutions
Estimated Cost:
$80 Million
Source:
https://www.piramalpharmasolutions.com/
Introduction:
Piramal Pharma Solutions, a leading global Contract Development and Manufacturing Organisation and part of Piramal Pharma Ltd, has announced an investment plan of $80 million to expand its facility in Lexington, Kentucky.
Features:
The expansion will add an extra 24,000 square feet of manufacturing space at the Lexington site, along with a new laboratory and advanced machinery to enhance the scaling of clients’ products. Notable improvements include a new filling line, two commercial-size lyophilizers, a specialised capping machine, and an external vial washer.
Driven by significant research, development, and scientific innovation, the injectables market is experiencing rapid growth, with projections indicating a market value of over $20 billion by 2028.
This expansion will generate more than 40 full-time jobs, contributing to the economic development of the area and fostering a diverse and vibrant workforce.
