ALBANY, N.Y., Sept. 30, 2013 /PRNewswire/ -- AMRI (NASDAQ: AMRI) today announced that its wholly owned subsidiary, Albany Molecular Research (UK) Ltd., located in Holywell, Wales, United Kingdom, has been awarded a seven-year contract for the development and manufacture of an active ingredient under clinical evaluation. The contract was awarded by the Defense Science and Technology Laboratory (Dstl), acting on behalf of the United Kingdom's Secretary of State for Defence, the Department of National Defence of Canada and Minister of Defence of the Kingdom of the Netherlands.
AMRI will initially work on the development and scale-up of the investigational drug, and subsequently the manufacture and supply for use during phase 1 clinical trials. If the trials are successful, AMRI will be in a strong position to become the commercial manufacturer of the product for distribution to the government partners of this contract including the United Kingdom, Netherlands and Canada.
"We are excited for the opportunity to work on this important project for the UK government," said AMRI's President and CEO, Thomas E. D'Ambra, Ph.D. "Government contracts and related collaborations outside of our typical outsourcing contracts with biotechnology and pharmaceutical companies are part of our strategy to diversify our revenue base while making our high-quality services available to all industries, sectors and organizations that can benefit from our strengths in discovery, development and manufacturing."
This collaboration underscores AMRI's expertise in providing SMARTSOURCING™ solutions to government agencies work
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