Symbiosis acquires a 20,000 sq/ft building in Stirling, UK, to house new high-tech medicines manufacturing capacity, financed by £1.2m from Barclays Corporate Bank PLC
Wednesday, October 09, 2024
Symbiosis Pharmaceutical Services Ltd (Symbiosis), a rapidly expanding Contract Manufacturing Organisation (CMO) and biopharmaceutical development services provider announces the purchase of new premises in Stirling, Scotland, UK.
The additional space will double the total footprint of the company across the four facilities that it will operate from, increasing manufacturing capacity by 50% in the short-term. As part of a wider strategic growth initiative, this move will strengthen the current GMP manufacturing service offering and further accelerate the delivery of sterile injectable drug products to clients and ultimately their patients.
Located in Castle Business Park, Stirling, UK, The renamed Bruce Building is located close to Symbiosis’ existing manufacturing cleanrooms, testing laboratories and GMP Warehouse facilities and will bring the company’s total footprint to 43,500 sq ft (4,000m2).
The new manufacturing facility also includes plans for two new cleanroom-based production lines to strengthen the company's ability to support its biotechnology and pharmaceutical clients worldwide and the new medicines and therapies being developed.
Additionally, this will provide further operational flexibility to accommodate a range of bespoke client pharmaceutical manufacturing processes. The increased batch output from the additional production lines will increase Symbiosis’s clinical trial and commercial supply capacity.
The new manufacturing capacity in the Bruce Building facility will safeguard over 130 skilled life sciences jobs at Symbiosis and generate an additional 50 new jobs, tapping into Scotland’s impressive life sciences talent pool. The facility fit-out project will be implemented over a three-year period with financial support provided by Barclays Bank PLC for the purchase of the building.
Symbiosis CEO Colin MacKay commented: “By investing £1.75m ($2.25m) in the purchase of a 20,000sq/ft building and subsequently equipping it to provide additional world-class sterile manufacturing capacity for our existing and future clients globally represents the next major strategic chapter in the successful and consistently fast-growing trajectory of Symbiosis.
“This step-change in operational capacity, while retaining the organisational and cultural strengths of a fantastic team here at Symbiosis, positions the company for sustained growth and to bring continued added value to both clients and shareholders alike.
“It also represents the latest strategic initiative for Symbiosis following on from the addition of laboratories and the launch of in-house Quality Control (QC) microbiological and analytical testing services last year. The expanded manufacturing capacity will support the strategic ambition of the company to further develop its market presence in its key target markets of North America and the E.U.”
“We look forward to the future launch of the new facility and to the exciting times ahead for Symbiosis.
Stuart McAleese, Relationship Director for Scotland Mid Corporate, Barclays UK Corporate Bank commented: “We are delighted to be Symbiosis’ banking partner for the purchase of the Bruce Building. Symbiosis is a great example of an innovative manufacturing business that is embracing new market leading technology as part of expansion plans. We’re proud to support them with lending to continue their growth, as they continue to scale, evolve and expand their global business capabilities even further.”
Retiring Stirling Council Leader, Cllr Chris Kane said: “This is absolutely fantastic news for Stirling, the wider region and Scotland.
“Symbiosis’ significant investment at their site will safeguard and create skilled jobs in Stirling’s thriving life sciences and manufacturing sector. It’s an endorsement of Stirling’s world-class talent, research skills and innovation, and our location at the heart of one of Europe’s largest and most well-connected biotech clusters.
“The announcement reaffirms Stirling’s reputation as a place for attracting and retaining businesses, and we look forward to working with high-growth, internationally-acclaimed businesses like Symbiosis to continue developing this key sector.”
About Symbiosis Pharmaceutical Services
Symbiosis Pharmaceutical Services (Symbiosis) is a world-class Contract Manufacturing Organisation (CMO) located in Stirling, UK, and is a specialist sterile GMP manufacturer of biopharmaceuticals for use in clinical trials and commercial sales globally. Symbiosis is MHRA-licensed and FDA-inspected and offers a range of services including the aseptic fill/finish of medicines into vials, analytical testing, QP release of product, inspection, labelling, packaging and GMP temperature-controlled storage and shipment of medicines.
The Symbiosis facility in Stirling, Scotland, was designed for biologic and small molecule pharmaceutical production to support biotechnology and pharmaceutical companies worldwide that require sterile injectable pharmaceutical products manufactured in short timeframes for clinical trial use and commercial supply.
Regulatory compliance, technical capability and operational flexibility are core to the Symbiosis value proposition along with direct access to a highly experienced team of life science experts. By adding value directly to the new drug development projects and the commercial manufacturing supply chain requirements of its clients, Symbiosis has demonstrated consistent annual growth and built long-term relationships with its client base globally.
For more information on Symbiosis visit http://www.symbiosis-pharma.com or follow us on LinkedIn.
For further information, images and interview opportunities with Symbiosis, please contact Rachael Heath at ramarketing I rachael@ramarketingpr.com I 07592 342866 I 0191 222 1242 I www.ramarketingpr.com
About Barclays
Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.
For further information about Barclays, please visit our website barclays.co.uk/
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