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Mesoblast Chief Executive, Professor Silviu Itescu, said that having access to Lonza's best of breed manufacturing capabilities will give Mesoblast significant commercial advantages globally. "It is in line with our growth strategy to deliver the highest quality and most effective cell therapy products worldwide," he added.
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Lonza is one of the world's leading suppliers to the pharmaceutical, healthcare and life science industries. Products and services span its customers' needs from research to final product manufacture. It is the global leader in the production and support of active pharmaceutical ingredients both chemically as well as biotechnologically. Biopharmaceuticals are one of the key growth drivers of the pharmaceutical and biotechnology industries. Lonza has strong capabilities in large and small molecules, peptides, amino acids and niche bioproducts which play an important role in the development of novel medicines and healthcare products. In addition, Lonza is a leader in cell based research, endotoxin detection and cell therapy manufacturing. Furthermore, the company is a leading provider of value chemical and biotech ingredients to the nutrition, hygiene, preservation, agro and personal care markets.
In 2010, the company had sales of CHF 2.680 billion. For Balenciaga Edge Medium further information:
"Lonza is very excited to work under this significant strategic relationship with leading cell therapy company Mesoblast," said Stefan Borgas, CEO of Lonza. "The cell therapy market is anticipated to become a major growth industry with the potential to mirror Balenciaga Lariat Motorcycle Bag
Lonza will utilize its proprietary intellectual property to facilitate reductions in Mesoblast's manufacturing costs and help enable development of enhanced second generation products.
Lonza is headquartered in Basel, Switzerland and is listed on the SIX Swiss Exchange. Balenciaga City Silver Black
the growth we have seen in monoclonal antibodies over the past 20 years."
Melbourne, Australia 27 September 2011 and Basel, Switzerland 26 September 2011 Global regenerative medicine company Mesoblast Limited (ASX: MSB) and Lonza Group (SWS: LONN), a world leader in biologic manufacturing, today announced that they have entered into a strategic alliance for clinical and long term commercial production of Mesoblast's off the shelf (allogeneic) adult stem cell products.
Mesoblast can exercise its right to buy out this manufacturing facility at a pre agreed purchase price two years after the facility receives regulatory approval.
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Mesoblast can trigger a process requiring Lonza to construct a purpose built manufacturing facility exclusively for Mesoblast's marketed products. In return, Mesoblast will purchase agreed quantities of marketed products from the facility.
Mesoblast will have exclusive access to Lonza's Cell Therapy facilities in Singapore for the manufacture of allogeneic cell therapy products, subject to certain exceptions.
The alliance will provide Mesoblast with significant commercial advantages, including certainty of capacity to meet long term global supply of its proprietary Mesenchymal Precursor Cell (MPC) products. Under the agreement:
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