Thursday, November 10, 2022 1:51:15 PM
Growth in cell therapy clinical programs means Charles River boosts offerings in Memphis
by Tyler Patchen
While Charles River Laboratories has had its attention on the UK and Ireland over the past year, the company is looking to make its next expansion into the Bluff City of Memphis, TN.
According to the outsourcing company, it is planning to boost its cell therapy manufacturing capabilities at the Memphis site, adding nine processing suites and bringing the total number of suites to 23. The expansion plans to add the manufacture of both clinical and commercial autologous and allogeneic cell and gene-modified cell therapy products.
While the company did not disclose the price tag of the expansion, it did explain why the Memphis facility is being expanded:
More cell therapy clinical programs are progressing to late stage and commercial. As a result, Charles River is experiencing strong growth in the interest of our cell therapy CD¬MO services, especially from clients with high volume, late-stage, and commercial needs. All signs point to-wards this rapid growth continuing in the coming years. With several of our current client programs moving towards commercialization, it was an easy decision to expand our capacity with these commercial-ready suites.
The expansion will eventually lead to more hires at the site, but Charles River remained mum on the details. The facility al¬ready has around 300 employees.
An expansion at the Memphis facility has been in the cards for Charles River since it acquired Cognate BioServices, a cell and gene therapy specialist with operations in the US and Europe, for $875 million. Right before the acquisition last year, Cognate had previously unveiled an expansion in Memphis as a part of a move that would double its total manufacturing capacity across two continents.
Recent NWBO News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 09:11:16 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/03/2024 09:22:55 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/22/2024 08:13:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:04:57 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/01/2024 10:04:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/02/2023 01:31:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 10:11:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) ZenaDrone Demonstration to Defense Departments of UAE and Saudi Arabia • InvestorsHub NewsWire • 11/15/2023 12:19:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:30:39 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 • InvestorsHub NewsWire • 11/09/2023 01:00:34 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 Extreme Weather Demo • InvestorsHub NewsWire • 11/07/2023 12:29:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:36:14 PM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM