Contract development and manufacturing organization, Piramal Pharma Solutions will invest $35 million to expand its campus in Riverview, Michigan. The company plans to create 31 jobs with support from the Michigan Strategic Fund.
In response to the increasing need for high potency APIs and the corresponding growth at the Riverview site, PPS plans to establish a new facility on an adjacent property that will house manufacturing, warehousing and laboratory operations. With the help of the Jobs Ready Michigan performance-based grant, PPS will be able to offer above-market salaries to attract and retain the talent it needs.
“The Riverview, Michigan site is an extremely important part of our global network, since it produces the active ingredients used in a number of developmental and commercial pharmaceutical treatments,” said Piramal Pharma Solutions CEO Peter DeYoung. “This expansion enables us to better serve our current customers and meet additional market demand for drug substances, including HPAPIs, furthering our efforts to reduce the burden of disease on patients around the world.”
According to the Governor's office, the project will result in a $200,000 Jobs Ready Michigan performance-based grant. Michigan was chosen for the project over another of the company’s sites in Europe.
“Piramal Pharma Solutions’ decision to expand in Southeast Michigan will create good-paying jobs for our talented workforce,” said Governor Gretchen Whitmer. “Their expansion underscores the strength of Michigan’s business climate and continued leadership in manufacturing across industry sectors. This is great news for workers and their families as we continue our economic jumpstart and put Michigan back to work. With the help of companies like PPS, we can put Michigan first and build back our state’s economy stronger than ever before.”
Piramal Pharma Solutions partners with and provides support to pharmaceutical companies as they seek FDA approval for new drug applications. The Riverview site, originally established as Ash Stevens in 1962, specializes in the development and manufacture of high-potency active pharmaceutical ingredients, with an emphasis on oncology applications.
“Michigan is grateful for Piramal Pharma Solutions’ continued vote of confidence in our state and in our workforce. The message is clear: Michigan’s economy is recovering, and we will continue to work building a championship economy here in the state,” said?Quentin Messer, Jr., CEO of the Michigan Economic Development Corporation and President and Chair of the Michigan Strategic Fund. “We appreciate the efforts of our local partners in Wayne County to support this project and will work with PPS over the coming months and years as it continues to grow and add jobs for Michigan residents.”
State officials noted it’s a key site in the company’s integrated offering, which combines services across a global network of sites to offer speed and simplicity to companies innovating new medicines for patients. Ash Stevens was acquired by Piramal Pharma Solutions in 2016, which has led to a significant increase in revenue and number of employees.