Chiesi group's new Biotech Center of Excellence under construction
Privately-held Italian drugmaker Chiesi announced that its new center of excellence for the development and production of biologic drugs, currently under construction, will be built in Parma in the area of the production plant where the company is headquartered.
Expected to open and be fully operational in 2024, the center will specialize in the development and production of the active ingredients of monoclonal antibodies (MAbs) that are produced through recombinant DNA techniques starting from a single type of immune cell), enzymes and other proteins.
In the biotechnology space, sales in Chiesi’s global rare diseases portfolio have grown from 7% to 11% of total revenues of 2.42 billion euros ($2.65 billion) in 2021.
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