Besins Healthcare enters the market in Spain. The Monaco-based company, which specializes in novel therapies for gynecology, fertility, obstetrics, endocrinology, and andrology, has chosen the town of Muel (Zaragoza) to set up its first factory in Spain, a project that will involve an investment of $26.4 million (€25 million), according to a press release from the Government of Aragon.
The multinational pharmaceutical company has already acquired a 9,800-square-meter warehouse in the El Pitarco industrial estate in the town of Zaragoza to carry out this investment. Thanks to this project, 150 jobs will be created.
The announcement of the acquisition of this site was made this Thursday by Javier Lambán, President of Aragón, after the meeting held with the multinational’s managers, who detailed the details of the project, and the Regional Minister of Economy, Marta Gastón. Work is already underway on the adaptation of the building, and later part of the equipment will be installed so that it can be tested starting this summer.
The plant is expected to start manufacturing in the second half of 2022. For the time being, the investment of $26.4 million (€25 million) includes the acquisition of land, adaptation of the existing plant, and the new facilities. However, according to company sources, there could be additional investments in the future, “given that we are talking about a stable process that will last for decades”, according to the regional executive in the note.
If you want to find more details about Besins Healthcare and to find other business news from the biotech sector and not only, download for free our companion app Born2Invest.
Besins Healthcare will start manufacturing in the new factory in the second half of 2022
Lambán has assured that the Aragonese Government has made all the administrative instruments available for this successful project with the possibility of having greater scope in the future and therefore will also provide support also at the level of vocational training and aid from the Department of Economy inhabited for the promotion of the pharmaceutical sector.
Besins Healthcare is a family company founded by Abel Besins in 1885. Four generations later, his successors continue to lead the group. Today it produces and markets more than thirty different products that are prescribed in one hundred countries around the world.
One of the company’s mainstays is constant research. Thanks to it, it has been possible to discover innovative technologies that have an impact on improving the health of women and men throughout their lives.
Besins Healthcare’s products include natural progesterone for pregnant women, transdermal gel for testosterone deficiency syndrome, and estradiol replacement therapies during menopause. Specifically, at the Muel plant, Besins Manufacturing España will have the capacity to produce drugs in the form of capsules and gels.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [++ KuCoin Affiliate Program Review]
This week, we answer the two questions on everyone’s lips — What do SJWs and e/accs have in common? And...
BIPV Boom: By 2032, Building Integrated Photovoltaics Will Be Worth Over $143B
The next moves by the European Commission and the trend toward a real estate stock composed of Zero Emission Buildings...
French Fintech Company Qonto Launches SME Financing in Italy
Qonto is expanding its financial solutions for SMEs and professionals in Europe, launching the option for companies in Italy to...
Trusters and Leone Investments Finally Receive Approval Under EU Regulation
After almost a month under the new EU Regulation, two platforms, including the historic Trusters launched in 2018 and the...
Coinbase Wallet Has a New Feature: Send Crypto via Web Link
The exciting part is actually in the small print: This is because Coinbase covers the fees for transactions via stablecoin...