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Roche Agrees to Buy Lonza's Singapore Manufacturing Facility

1:49 AM MDT | August 31, 2009 | Natasha Alperowicz

Lonza has announced that Genentech Singapore, a wholly-owned member of the Roche Group, has elected to exercise an option to purchase from Lonza its cell culture biologic manufacturing facility in Singapore for $290 million plus additional milestone payments of $70 million. The facility, which is mechanically completed, will be merged with Genentech Singapore's existing biologic manufacturing facility. As part of the integration between Roche's and Genentech's combined technical operations, the biotechnology production facilities in Singapore currently operating...

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