One of the current administration’s goals is to bring production back to the United States. This is true across a variety of industries, including pharma and biotech. In order to achieve, President Trump has announced a complex plan of tariffs intended to dissuade importing goods that can be manufactured or produced within the US.
Key Takeaways
- Simtra announced plans to expand its facility in Bloomington, Indiana.
- The new site will add 300,000-square-feet to the company's manufacturing footprint in the state.
- This is the latest multi-million expansion product announced by Simtra.
How is Simtra expanding its domestic manufacturing capabilities?
Of course, one of the main issues that this plan faces is that there aren’t enough facilities within the US to handle the increase in demand this plan would result in. However, multiple pharma, biotech, and other related companies have announced plans to increase domestic production sites within the US.
The latest announcement comes from Simtra BioPharma Solutions, a global CDMO, with US headquarters located in Parsippany, NJ. The organization announced plans to purchase a 65-acre property near its existing manufacturing facility in Bloomington, Indiana.1 The new property will provide Simtra with 300,000-square-feet of expansion.
In a press release, Simtra Biopharma Solutions chief executive officer Franco Negron said, “This purchase gives us the foundation to grow with purpose, building the advanced injectable capacity our customers need while strengthening our presence in North America. It reflects our long-term commitment to delivering vital injectable products and helping our customers navigate complex global supply chains."
The expansion will allow Simtra to become the CDMO to be able to provide commercial scale drug product manufacturing of antibody-drug conjugates in the United States. The organization is also developing plans to build manufacturing lines at the new site for injectable drug products.
Simtra also has a $250 million construction project at the existing Bloomington site. The company plans to share more specific details about the new project in the coming weeks, after it meets with officials in Monroe County, Indiana, to confirm project approvals.