Penn Pharma to Invest $22M in UK Facility
Penn Pharma will invest $22 million in its UK facility to strengthen its manufacturing capabilities.
Penn Pharma, a leading CDMO/CMO for pharma development and manufacturing services, announced Tuesday that the company will invest $22 million in its South Wales, UK facility to expand its high containment facilities with a 15,000-sq.-ft. new development and commercial manufacturing unit for tablets and capsules.
The company received additional funding and training support from the Welsh Assembly Government.
Penn Pharma's chief executive officer, Dr. Richard Yarwood, said, "We are delighted to announce this significant investment in the UK pharmaceutical manufacturing sector at a time when the established industry remodels itself and outsourcing is on the increase. This investment is the catalyst required to enable us to build on the services that we are currently offering ou
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