Precision Medicine Group (“PMG”) announced today it has acquired Project Farma, a patient-focused bioengineering services firm that supports life science innovators in the manufacturing and scale-up of advanced therapies
| BETHESDA, Md., Jan. 14, 2021 /PRNewswire/ -- Precision Medicine Group (“PMG”) announced today it has acquired Project Farma, a patient-focused bioengineering services firm that supports life science innovators in the manufacturing and scale-up of advanced therapies. Project Farma provides Precision a market-leading expertise in the manufacturing of life-changing medicines, with a unique focus in the rapidly growing area of cell and gene therapy. The acquisition adds Project Farma’s unique expertise to Precision’s suite of end-to-end cell and gene therapy capabilities to support development and commercialization. Led by executive leaders Anshul Mangal, John Khoury, and Tony Khoury, Project Farma has distinguished itself as a global leader in planning and implementing complex biomanufacturing strategies and facilities for clients that range from start-up biotechnology companies to global biopharmaceutical companies and academic medical centers. Project Farma has led more than a dozen manufacturing facility builds with capital investments greater than $1 billion (including some of the leading FDA-approved cell and gene therapy medicines). Mark Clein, CEO of Precision Medicine Group, commented on the acquisition, “Since 2013, Precision has supported over 70% of the FDA- approved cell and gene therapies and is now even better positioned to support the hundreds of therapeutic new entrants coming to market. With our acquisition of Project Farma, Precision is the only life-science services company with true end-to-end capabilities in cell and gene therapy.” Project Farma will be part of Precision for Medicine, PMG’s research and development services arm. Commenting on the acquisition, Precision for Medicine’s president Chad Clark explains, “In today’s highly competitive and scrutinized advanced therapies marketplace, ensuring a safe, scalable, and high-quality manufacturing capability can be the difference between success and failure. Project Farma are the experts at defining and developing the optimal manufacturing strategy and leading implementation of a customized solution. This essential capability is now expanded and leveraged by the comprehensive cell and gene therapy services available through Precision ADVANCE.” Anshul Mangal shared, “We are excited to join Precision’s cell and gene therapy collective, leveraging interconnected services to accelerate the development, manufacturing, and commercialization of advanced therapies.” Added Tony Khoury, “We realize Precision ADVANCE presents an unbelievable opportunity to further next generation medicines and to further Project Farma’s and Precision’s shared mission to positively impact as many patients and families as possible.” To find out more about Project Farma’s innovative biomanufacturing and validation services, please visit the website at projectfarma.com. To find out more about Project Farma and the end-to-end capabilities of Precision ADVANCE, the cell and gene therapy collective, please visit: precisionmedicinegrp.com/advance. About Precision Medicine Group About Precision for Medicine About Project Farma About Precision ADVANCE, the cell & gene therapy collective Media Contact:
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