Axcellerate Pharma has established CMO/CRO and API manufacturing facility in New Jersey, US. The focus will be on small molecule and biologics PR&D, innovative technology platforms, filling vial and bag operations, peptide synthesis, oligonucleotide production and related areas.
Axcellerate Pharma (Axcellerate) is a JV set up by TCG Lifesciences USA, an affiliate of TCG Lifesciences, a leading CRO engaged in drug development and clinical trial services; with Dilip Mehta, Founder and Chief Executive Officer, PANORAMA Consulting and Engineering, a leading developer of lab scale to GMP manufacturing facilities; and Alfagen Pharma, an affiliate of AlfaGene Bioscience, Inc, an innovative biotechnology company. The facility houses state-of-the-art technology/equipment/ infrastructure and is supported by leading industry personnel from each of the partner firms.
“We will initially target specialised CMC and CMO activities that are time sensitive and high value in nature, that are desirable to be located geographically close to our clients. Axcellerate intends to leverage the strong scientific talent pool, end-to-end capabilities and PR&D/intermediate production facilities of TCG Lifesciences in India to support its operations. This opportunity represents another significant milestone for TCG Lifesciences’ continued expansion,” commented Swapan Bhattacharya, Managing Director, TCG Lifesciences, “as this strategic alliance will expand TCG Lifesciences’ geographic footprint and enable us to service clients in the US with a local presence while being supported globally.”
Dilip Mehta, Chief Executive Officer and Co-founder, Axcellerate commented, “We will engineer the facilities to provide the highest level of efficiency, technology and cost effectiveness to our customers, given PANORAMA’s broad involvement and experience in all facets of the pharma/biotech sector. We are pleased to join hands with TCG Lifesciences, who will bring in the scientific and technical know how and expertise in the cutting edge areas of drug discovery and development.”
“AlfaGene Bioscience has developed proprietary assay platforms in a range of therapeutic indications and has a scientific team with extensive experience in biologics and biomedical research. We also have a network of global relationships in the API arena to bring to bear for the success of Axcellerate,” remarked Mayur Doshi, President and Chief Executive Officer, AlfaGene Bioscience.
EP News Bureau – Mumbai