Pharmaceutical & Biotech
Generics Giant Sandoz Completes Expansion in North Carolina
As first reported in Industrial Info Resource's Pharmaceutical Tracker in 2005, the expansion added both product development labs and clinical-scale manufacturing capacity.
Released Friday, December 28, 2007
Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--Dovetailing nicely with the continuing demand for generic drug products, Sandoz has completed a $10 million expansion at its Wilson, North Carolina, Center of Excellence site. The project added 30,000 square feet to the 170,000-square-foot facility. Sandoz is the generic arm of Swiss drugmaker Novartis (NYSE:NVS).
Sandoz received approximately $750,000 in economic incentives for the project, which is expected to add 65 positions to the more than 400 currently employed. The Wilson plant was built in 1994 by Novopharm, which was purchased in 2000 by Teva Pharmaceuticals. After Teva's announcement that it would close the site, Hexal purchased it for use under the name of Eon Labs. Novartis became the owner of both the site and Hexal in 2005, designating it for use by Sandoz.
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