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Therapure Biopharma Inc. signs multi-year manufacturing agreement with LFB Biomedicaments
Date:2/1/2010

Therapure will build a dedicated production facility to support global markets for rare plasma proteins

Toronto, ON (PRWEB) February 1, 2010 -- Therapure Biopharma Inc. and LFB Biomedicaments, a wholly owned subsidiary of LFB S.A. a French biopharmaceutical company, today announced the signing of a toll manufacturing agreement under which Therapure will manufacture key plasma proteins to support an expansion by LFB into global plasma derived medicinal markets. Financial terms were not disclosed.

Under the terms of the agreement, Therapure will be responsible for the manufacture of two major plasma proteins and LFB will remain responsible for global regulatory approvals and marketing of these products. Therapure will retrofit its Health Canada licensed manufacturing facility to accommodate the installation of LFB proprietary technology and processes necessary to meets its manufacturing obligations.

The companies expect the facility to be completed in 2011. Qualification and validation process, including regulatory batches will be performed in 2012 in order to complete the regulatory approval process in the course of 2013.

The global market for plasma proteins is expected to grow at a rate of 6% over the next several years. These proteins extracted directly from human plasma include clotting factors that are crucial to patients with congenital or acquired bleeding disorders should be made widely available to these communities. Even though there are sometimes recombinant alternatives to a selection of these proteins, significant investments of time and money are required to bring new sources of supply to market. Therapure will produce these plasma-derived products using LFB’s existing technologies shortening in this manner the time required to bring the increased supply onto the market.

“We are proud to have been chosen by LFB as its contract manufacture
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Source: PRWeb
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