Nitto acquired Avecia in 2011 to offer value in the field of oligonucleotide therapeutics and since the acquisition, the oligonucleotide manufacturing services it provides to its customers have boasted top global market share. In October 2016, Nitto also acquired the assets of Irvine Pharmaceutical Services, a leading analytical development services provider, and Avrio Biopharmaceuticals, a pharmaceutical company offering aseptic fill & finish services, in order to further expand its services.
Recently, Avecia has expanded the manufacturing and office space at its Milford facility by 20,000 square feet, adding equipment with a maximum oligonucleotide API manufacturing capacity of 1.8 mol, bringing the total manufacturing capacity to 3.0 mol and thereby strengthening Avecia's position as the largest oligonucleotide manufacturing site in the world.
There will be a ribbon cutting ceremony to mark the opening of the expanded facility on August 2nd.

Commenting on the increase in manufacturing capacity, Avecia's president Detlef Rethage stated, 'This expansion will help Avecia's clients to receive timely oligonucleotide API to advance their drug development programs in clinical trials as planned. Avecia takes pride that our engineers have introduced novel technology and executed this expansion in record time, all in close collaboration with A/Z Corporation to ensure the timely supply of novel oligonucleotide therapeutics.'

Under the brand slogan 'Innovation for Customers', Nitto is expanding its business reach in the fields of Green (Environment), Clean (New Energy) and Fine (Life Sciences), in order to contribute to its customer's value creation. Nitto will use this increased manufacturing capacity in the 'Fine' (Life Sciences) field to provide services that further advance its customers' development of oligonucleotide therapeutics.

Nitto Denko Corporation published this content on 20 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 August 2017 02:31:07 UTC.

Original documenthttps://www.nitto.com/us/en/press/2017/0720.jsp

Public permalinkhttp://www.publicnow.com/view/976658A2B8807F5DD47800D05B966182FB82DE58