Pharma Focus Asia

Athenex to invest $1.62 billion in drug discovery and advanced manufacturing partnership

Introduction:

Athenex (formerly Kinex) plans to invest $1.62 billion in drug discovery and advanced manufacturing partnership, creating 900 jobs in Dunkirk and 500 jobs in Buffalo over the next ten years.

Features:

This announcement, made possible by a partnership with the SUNY Polytechnic Institute, includes a major expansion of Athenex’s North American headquarters at the Conventus Building in Buffalo, as well as the creation of a state-of-the-art, 300,000 square foot manufacturing facility in Dunkirk.

State investing $225 million to support the Buffalo Medical Innovation and Commercialization Hub and help create new opportunities for the region.

Dunkirk: The state will invest $200 million to create the High Pharmacy Oncology Manufacturing Facility, which Athenex will use to manufacture sterile high potency oncology drugs in a specialized, controlled environment for shipment around the world. These drugs are some of the most important oncology drugs globally for patients suffering from cancer. The plant will also specialize in manufacturing oncology pharmaceutical products, which often show up on the FDA’s drug shortage list.

Buffalo: The state will invest $25 million to expand and improve the sixth floor of the Conventus Building on the Buffalo Niagara Medical Campus. Athenex will occupy 51,000 square feet under a long term lease for its North American Headquarters, a formulation product development center and a pilot plant, where oncology products are perfected and refined before the technology is transferred for large scale production in Dunkirk.

Specifications:

Company NameAthenex
LocationNew York
TypeDrug Discovery And Advanced Manufacturing
Estimated Cost$1.62 Billion
Jobs1,400 Jobs
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