Rovi to Invest 40 Million in a New Compounding Plant in Fraga
Rovi, Càrniques Celrà and Grupo Empresarial Costa have signed an investment and partners agreement that has led to the constitution of the company Glycopepton Biotech, currently owned by Rovi, with 51% of the share capital, and by the other two partners, with 24.5% of the share capital, each of them.
Rovi expands its business in the southeast of the province of Huesca (Aragón). The pharmaceutical laboratory, Càrniques Celrà, and Grupo Empresarial Costa have created a joint venture under the name of Glicopepton Biotech, for the self-supply of heparins. The association will make possible the construction of a plant dedicated to the production of compounds of high biological value from the intestinal mucosa of pigs, with an investment of 40 million euros.
The plant will be located in the Fraga Logistics-Industrial Platform. The investment will be carried out over the next four years and the project foresees the creation of around thirty direct jobs, according to Rovi through a statement sent to the Spanish Securities and Exchange Commission (Comisión Nacional del Mercado de Valores, Cnmv).
Glicopepton Biotech combines Rovi’s experience as a company specializing in the research of low molecular weight heparins (Hbpm), with the experience of Càrniques Celrà and Grupo Empresarial Costa, two referents in the livestock and meat sector in Spain. Hbpm is an anticoagulant drug used to prevent and treat venous thromboembolic disease. It is a product of biological origin whose raw material is obtained from the intestinal mucosa of pigs.
Rovi, Càrniques Celrà, and Grupo Empresarial Costa have signed an investment and partners agreement which has given rise to the incorporation of the company Glicopepton Biotech, currently owned by Rovi, with 51% of the share capital, and by the other two partners, with 24.5% of the share capital each.
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Rovi controls 51% of the joint venture Glicopepton Biotech
Rovi has internal production capacity to transform crude heparin into sodium heparin and is planning to expand this capacity through the construction, already underway, of a new sodium heparin production line with the aim of being present in all the manufacturing stages of low molecular weight heparins.
Rovi is a specialized pharmaceutical company dedicated to the research, development, manufacturing under license, and commercialization of small molecules and biological specialties. The company, in a continuous process of international expansion, has subsidiaries in Portugal, Germany, United Kingdom, Italy, France, and Poland and has a diversified portfolio of more than forty marketed products, in which its reference product, Bemiparin, which is already marketed in 89 countries around the world, stands out.
Likewise, in 2017 the Spanish pharmaceutical company began marketing its internally developed biosimilar enoxaparin in Europe, which is already marketed in 38 countries.
(Featured image by alfcermed via Pixabay)
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