Unigene Laboratories Inc. of Fairfield, N.J., said Monday that itplans to construct a Good Manufacturing Practice (GMP) facilityto produce pharmaceutical-grade calcitonin.
The 32,000-square-foot facility, to be located in Boonton, N.J.,will cost between $7 million and $8 million, the company said.The plant initially will be able to produce one-half to 1kilogram annually of calcitonin, currently valued at about $5million per kilogram. The plant may eventually produce up to10 kilograms of calcitonin.
The plant will also produce Unigene's (NASDAQ:UGNE)proprietary amidating enzyme for use in preparing calcitonin.
(c) 1997 American Health Consultants. All rights reserved.