- In October 2023, Cambrex announced the completion of its USD 38 million small molecule API manufacturing facility. This investment doubled the size of the company’s manufacturing facility and enhanced its ability to acquire more customers to meet their evolving needs.
- In August 2023, BARDA and Regeneron entered into an agreement wherein the former will support the latter in developing an antibody therapy to prevent SARS-CoV-2. This contract is worth USD 326 million and is anticipated to drive the market with production of novel vaccines in the coming years.
- In April 2023, Eli Lilly announced an investment of USD 1.6 billion in U.S.-based LEAP Innovation Park. This brings the total investment to USD 3.7 billion to manufacture complex APIs for products such as genetic medicine.
- In April 2022, Geocann entered into a strategic partnership with Averix Bio for supplying API phytocannabinoid ingredients.
