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Althea Technologies Completes New State-of-the-Art, Commercial-Scale, Biologics and Injectables Manufacturing Facility
Date:5/1/2009

SAN DIEGO, May 1 /PRNewswire/ -- Althea Technologies, Inc., a leading provider of services for biopharmaceutical development and manufacturing, hosted a ribbon cutting ceremony today to mark the opening of its newly constructed state-of-the-art, commercial-scale cGMP manufacturing facility in San Diego, CA. Althea's employees and board of directors, together with City of San Diego Mayor Jerry Sanders, Matt MacKowski of Telegraph Hill Partners, Steve Cusato of City National Bank, and key invited guests, celebrated the commissioning of its new facility at the Althea campus in Sorrento Valley.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020925/LAW010LOGO)

Co-Founders Magda Marquet and Francois Ferre remarked, "This is the culmination of a dream we envisioned when we founded Althea Technologies, which was made possible by the investment and support of our Althea team and our key partners at Telegraph Hill Partners and City National Bank."

The decision to create expanded capacity was brought about by the need in the region to keep pace with the growing needs of the industry to outsource biological and injectable product manufacturing. A significant segment of the biotechnology industry consists of companies focused on research & development, that do not have the expertise or capital to invest in a manufacturing facility. Manufacturers, such as Althea, allow biotech companies to keep focus on their core competence in R&D.

"The decision to expand our capabilities and design a new facility was made with careful consideration of our clients' needs," commented Dr. Shabbir Anik, Althea President and CEO. "The new facility was designed to provide flexible capacity and expand our services from early clinical development through Phase III and commercial supply. This expansion gives clients a more efficient and f
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SOURCE Althea Technologies, Inc.
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