Daily News | Montgomery County pharmaceutical-services firm is undertaking a $65 million expansion
North American headquarters
The 100,000-square-foot expansion will help Almac, whose biggest division in Souderton helps pharmaceutical manufacturers conduct clinical trials, to meet increasing demand from biopharmaceutical companies. Biopharmaceuticals must be kept cold, often well below freezing. The expansion, expected to be completed in 2025, will triple the number of investigation-stage treatments Almac will be able to store and process. The company, which is owned by an Irish foundation,. At current exchange rates, that amounts to $885 million.
Another trend Almac is adapting to is just-in-time production of treatment kits for drug trials. The cost of new drugs — sometimes as much at $50,000 for a single vial — makes it too expensive to prepare a large number of kits and then wait for patients to join the trial.
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