PUERTO RICO – OcyonBio, a contract development and manufacturing organization, has signed a purchase agreement with Marchesini, an Italian packaging machinery company, to acquire its filling and packaging equipment.
This equipment will enable OcyonBio to meet the sterile filling demand of its customers for vials, syringes, and cartridges.
Marchesini will deliver and install the initial equipment later this year, while the remaining equipment will be available for commercial operation by the first half of next year.
The company will also provide its expertise through the training required to operate the new equipment.
Meanwhile, OcyonBio will serve as a reference site for Marchesini’s global marketing campaigns.
Marchesini Group USA Executive Vice President Roger Toll said, “We are pleased to partner with OcyonBio to support their growth and mission of providing advanced therapies to patients.
“Our packaging solutions are designed to meet the highest quality and safety standards, and we are confident that they will help OcyonBio deliver its products to the market quickly and efficiently.”
The strategic agreement was financed by a loan from the Puerto Rico Economic Development Bank, while the Puerto Rico Department of Economic Development, DECA, and Invest Puerto Rico also supported the partnership.
“We are dedicated to nurturing economic growth, empowering local businesses, and fueling innovation. Through strategic agreements like this one with OcyonBio and Marchesini, we create opportunities that benefit our community, strengthen our economy, and drive Puerto Rico’s pharmaceutical industry forward,” said Luis Alemañy González, President of the PREDB.
“This agreement will enable OCYONBIO to provide its clients with a comprehensive range of CDMO services, thereby facilitating the company’s growth and expansion.”
On completion of the program, OcyonBio will have the capacity to fill, formulate, and package over 60 million units annually.
OcyonBio CEO, Robert Salcedo, added, “This agreement is a game-changer for our clients. Not only will we have access to state-of-the-art filling and packaging equipment, but we will also have access to non-dilutive funding to support our growth.
“We are grateful for the support of Marchesini, the Puerto Rico Development Bank, the Puerto Rico Department of Economic Development, DECA, and Invest Puerto Rico.”
Marchesini Group will also provide OcyonBio with expertise and training on the new equipment.
Additionally, OcyonBio will be a reference site for Marchesini’s global marketing campaigns. OcyonBio’s customers can learn about Marchesini’s products and services from other companies using them successfully.
