SIEGFRIED HOLDING AG - Siegfried broke ground to build a new global R&D Center for Drug Substances at its site in Evionnaz, Switzerland
- Investment of up to CHF 25 million to strengthen Siegfried's Drug Substances network
- The R&D Center significantly increases Siegfried's R&D capacity to drive further growth
Siegfried, a leading global Contract Development and Manufacturing Organization (CDMO) headquartered in Zofingen, today broke ground for its new global Research and Development (R&D) Center for Drug Substances at its site in Evionnaz, Switzerland. The new R&D Center will begin its operations in 2024 and, together with the R&D Center in Zofingen, will significantly increase Siegfried's R&D capacity to drive future growth.
At this new facility, for which Siegfried will invest up to CHF 25 million, more than 100 highly skilled specialists will work closely with Siegfried's customers to bring their precious innovations to industrial scale. The R&D Center will host advanced chemical and analytical facilities and state-of-the-art laboratories and will offer chemical process R&D and analytical development services for the entire Drug Substances network. With this project, Siegfried is further strengthening its site in Evionnaz, which is a key pillar within its global Drug Substances network.
Wolfgang Wienand, CEO of Siegfried: "The new R&D Center in Evionnaz will strengthen our global network and highlights our commitment to offer the most advanced research and development services to our customers. It is an important milestone in our successful growth strategy and another major step on our path to become the leader in the CDMO space."
About SiegfriedThe Siegfried Group is a global life sciences company with sites in Switzerland, Germany, Spain, France, Malta, the USA and China. In 2022, the company achieved sales of 1.229 billion Swiss francs and employed on 31.12.2022 more than 3'600 people at eleven sites on three continents. Siegfried Holding AG is publicly listed on SIX Swiss Exchange (SIX: SFZN).
Siegfried is active in manufacturing pharmaceutical APIs (and their intermediates) as well as drug products (tablets, capsules, sterile vials, ampoules, cartridges and ointments) for the pharmaceutical industry and provides development services.
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Siegfried Holding AG published this content on 25 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2023 16:34:08 UTC.
