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Taiwan-Based JHL Biotech Selects PaizaBio to Provide Fill-and-Finish CMO Services for Groundbreaking TherapiesPaizaBio, Inc. has secured an agreement with Taiwan-based JHL Biotech, Inc. (Stock Code: 6540.TWO) to provide fill-finish services for multiple JHL projects. New Mexico-based PaizaBio will provide these services to JHL through its Hangzhou, China-based strategic partner, Ausia BioTech. The agreement is the first between JHL Biotech, which has deep experience in global pharmaceutical development and manufacturing, and PaizaBio, which provides immediate access to China's rapidly growing drug market via in-country contract manufacturing of sterile injectables. Per terms of the agreement, PaizaBio will aseptically fill-and-finish compounds into injectable formulations for clinical trial applications. The compounds are molecular entities targeting both oncology and immunological therapies. Commenting on the announcement, PaizaBio Founder and CEO Stuart Rose said, "We are pleased to partner with JHL Biotech, a company with growing global stature in drug development and commercialization. Combining the strengths of our two companies will accelerate clinical trial qualifications and ultimately commercialization of promising new biological-based injectable drugs in China and around the world. Our annual capacity in Hangzhou can easily accommodate the immediate, large and medium-scale need of clients like JHL Biotech." JHL Biotech CEO Racho Jordanov commented that JHL is excited to work with PaizaBio. "We realize that the cost of development often makes innovative medicines, particularly biopharmaceuticals, unaffordable to large groups of people. We are committed to delivering life-changing and life-saving treatments at affordable prices. Working with PaizaBio and its strategic partner Ausia BioTech, we will be able to produce injectable biological-based drugs of the highest quality for our clinical trials in a highly cost sensitive manner. Lower drug development costs support more innovation and greater accessibility to patients." The contract manufacturing services provided by PaizaBio will involve close collaboration between the companies. JHL Biotech will supply PaizaBio with active biological ingredients produced at its manufacturing facility in Wuhan, China. PaizaBio will provide contract fill-and-finish services and will cold-ship the material to JHL Biotech for use in clinical trials. About JHL Biotech, Inc. JHL Biotech has deep experience in pharmaceutical development and operations, and is supported by premier financial firms (Kleiner Perkins Caufield & Byers, Sequoia Capital (News - Alert), Biomark Capital, Milestone Capital, Fidelity and the China Development Industrial Bank). JHL Biotech operates world-class facilities in accordance with U.S., European Union, and ICH cGMP regulations and standards. The JHL Center of Excellence in Taiwan supports pre-clinical and early-clinical phase R&D work for biopharmaceuticals; JHL's facility in Wuhan, China supports commercial-scale manufacturing of biologic therapies. About PaizaBio PaizaBio is a New Mexico-based contract manufacturing organization and consultancy that provides Western pharmaceutical companies with quick entry into China's drug market. PaizaBio performs in-country manufacturing through strategic partner, Ausia BioTech in Hangzhou, China. PaizaBio is committed to quality, integrity, and an innovative approach to products and services, including Asia's aseptic training program and BAO-GONG® real-time remote manufacturing monitoring system. View source version on businesswire.com: http://www.businesswire.com/news/home/20160517005225/en/ |
