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PharmaVentures to sell former AstraZeneca plant in UK

Staff Writer |
PharmaVentures announced that it has been appointed to sell a former AstraZeneca manufacturing site in Avonmouth, near Bristol, England.

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The API plant was bought in 2016 by Avara Pharma Services who, as part of the deal, took over the drug substance manufacture of the high-cholesterol drug Crestor for AstraZeneca on a contract basis.

Restructuring of the Avara group has resulted in the current decision to put the Avlon facility into Administration.

Dr. Fintan Walton, chief executive of pharmaventures, said: "We have had considerable experience in the divestment of manufacturing plants in the US and Europe and we are delighted to be given an opportunity to find a buyer for the Avlon plant as it represents an opportunity for a pharmaceutical manufacturer keen to expand its operations quickly into the UK."

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