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DSM Divests Biologics Plant; Focuses on Cell Technology

1:29 PM MDT | July 31, 2007 | Alex Scott

DSM says it has sold its biologic drugs plant at Montreal to AstraZeneca for an undisclosed sum. The Montreal facility was DSM’s only commercial manufacturing plant for biologic drugs. The company says it plans to focus its biologics activities on developing manufacturing technologies and services. Staal: Change of strategy for biologics. DSM says it mothballed the Montreal plant in December 2005 due to a lack of orders for products from the facility. DSM says it will book a “small profit” from the divestment but it declined to provide...

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