UK-based FDS Pharma has purchased the SciGen Israel’s Rehovot hepatitis vaccine manufacturing plant for $2m in addition to 5% royalties on sales, according to Pharmaceutical Business Review.
Run by Russian executives, FDS Pharma owns patents to vaccines and produces active pharmaceutical ingredients (APIs) for the Russian and other markets.
Singapore-based SciGen, a subsidiary of Bioton is a fully integrated biotechnology company developing, manufacturing, and marketing biopharmaceuticals.
SciGen had
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set up the SciGen Israel plant for $10m, but according to PBR, because of the financial difficulties, SciGen has divested SciGen Israel and its vaccine production and marketing rights.