Pharmaceutical & Biotech
Genzyme Survives Virus Infection at Allston Manufacturing Plant and Resumes Drug Production
In a move befitting an industry laden with irony, a virus infection forced the Genzyme Corporation (NASDAQ:GENZ) to shut down the company's biopharmaceutical plant...
With the plant again operational, Genzyme is anxious for a re-inspection by the FDA to verify that it has performed all corrective and preventative actions as directed by the agency, including remediation efforts related to the identification of the virus. The company expects the first shipments of Cerezyme to be ready in November and December. Due to the later restart of the two bioreactors dedicated to Fabrazyme production, the product will not be ready to ship until mid-December. The company expects to meet the anticipated full patient demand for both products during the first quarter of 2010.
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