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Regions :: North America :: U.S.
Lonza to Supply Stem Cell Therapy Drug to Maryland Biotech Firm
11:27 AM MDT | July 14, 2008 | Alex Scott
Lonza says it has secured a deal with biotech firm Osiris Therapeutics (Columbia, MD) to manufacture what it says could be the world’s first stem cell drug. The agreement calls for Lonza to manufacture Osiris’s Prochymal stem cell therapy, which is being evaluated in phase III clinical trials for three medical applications including Crohn’s disease. Lonza says it will invest “millions of dollars” to build a Prochymal facility at its Walkersville, MD site. Financial terms were not disclosed. von Hippel: A focus on profitable products...
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