US-based generic pharmaceuticals company Padagis announced on Tuesday that it is investing more than USD36m to expand its manufacturing operations in Minneapolis, Minnesota.
This includes the expansion of naloxone nasal spray production and packaging. The move aims to strengthen the company's supply chain resilience, increase production capacity, reduce dependency on overseas shipping, and help keep costs lower and stable for consumers, public health agencies, and community organisations.
Padagis started implementing expansion plans to onshore naloxone production in 2023, which it says represents a significant milestone in its long-term initiative to increase domestic production capacity. The additional capabilities are intended to ensure faster delivery and greater access to its nasal sprays, and specifically naloxone.
The company will commence manufacturing its naloxone in Minnesota before the end of the year.
ScinoPharm Taiwan secures first US FDA approval for complex multiple sclerosis generic
ScinoPharm Taiwan's Glatiramer Acetate Injection approved by US FDA
International Isotopes Inc to change name to Radnostix Inc
Galmed Pharmaceuticals reports topline results for combination of Aramchol, Stivarga and metformin
Ingenus Pharmaceuticals' generic equivalent to Premarin receives US FDA approval
EirGenix signs second global exclusive licensing deal with Sandoz
Padagis invests USD36m to expand manufacturing in Minneapolis
Newbury Pharmaceuticals gains Danish approval for generic ivermectin cream