Phosphorex Plans Hopkinton, Massachusetts, cGMP Manufacturing Facility-Research Lab
The investment will include the construction of multiple cGMP production suites, processing and packaging capabilities, and comprehensive process development and analytical testing services, according to company officials.
"This investment allows Phosphorex to expand the innovative services we provide to our global biotech and pharma clients and integrate downstream as an end-to-end CDMO. Partnering with leading healthcare growth investor Ampersand Capital Partners shows we have built something very special at Phosphorex, and we are excited to embark on the next part of our journey, said Bin Wu, Ph.D., Founder and President of Phosphorex"
The company partnered with Ampersand Capital Partners, a private equity firm specializing in growth equity investments in the healthcare sector, for a majority recapitalization investment.
"Given the significant and growing interest in therapeutics leveraging nanoparticle technologies, we are excited to partner with Phosphorex to build a differentiated development and manufacturing partner in this rapidly evolving space,” added Trevor Wahlbrink, Partner at Ampersand. “We look forward to building upon the company's reputation as a science-driven solutions provider and expanding its capabilities to better serve the industry's leading innovators."
Phosphorex specializes in long-acting formulations, nanomedicine, and nucleic acid delivery solutions for leading pharmaceutical and biotechnology companies around the world. The company's formulation development and analytical laboratories offer a range of customized production services, supporting assets from proof of concept through clinical studies.
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