Agreements with Aventis give Patheon US strategic platform

Published: 1-Dec-2002


Canadian company Patheon, of Toronto, has entered into agreements with Aventis Pharmaceuticals to provide long-term manufacturing and supply services to Aventis and to purchase Aventis's pharmaceutical manufacturing and development site located in Cincinnati, Ohio, US. The purchase price for the facility is US$16m (€15.9m), plus approximately $13.8m (€13.7m) for inventory.

The 30-acre site includes a 372,000 sq ft manufacturing facility and an 85,000 sq ft development facility comprising both analytical and formulation capabilities. The FDA-approved site manufactures solid, semi-solid and liquid dosage forms, encompassing more than 65 products sold in 18 countries.

Under the agreement, Patheon will provide employment to all 530 employees at the site, and will continue to manufacture and supply all the Aventis products currently produced at the plant. Patheon will also take over Aventis's responsibilities under existing service contracts with 10 third-party pharmaceutical companies. The transaction is expected to be completed by the end of this year.

'The US is an important market for Patheon and the Cincinnati site will provides us with additional commercial manufacturing capacity to serve our growing US client base,' said Robert Tedford, Patheon ceo. 'In addition, the development facility, with its analytical and formulation capabilities, together with its proximity to leading academic institutions, will be an excellent platform for expanding our successful pharmaceutical development services in the US,' he added.

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