The 93,000 square foot site located near Boston in Milford, MA is the first outside of Germany for the contract development and manufacturing organization (CDMO).
Purchased from an affiliate of Shire plc, the site will offer services from clinic to market.
“The site will be leveraged by Rentschler Biopharma as an extension of our CDMO competence for the development and manufacturing of complex biopharmaceuticals,” a company spokesperson told us.
Under the terms of the agreement – financial details of which were not disclosed – the CDMO will continue to manufacture for Shire at the Milford site.
The spokesperson said the purchase follows “a strong client request,” and will enable the company to better meet customer needs.
“We plan to further grow the Milford site to a multi-product manufacturing facility and are currently evaluating and discussing new development and manufacturing options together with our clients,” they added.
The site's current employees, of which there are approximately 70, were all offered continued employment.