Jacobs Engineering (JEC) Selected to Provide Design, Engineering Services for Pfizer's Global Biotech Center in China

August 23, 2016 7:48 AM EDT

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

Jacobs Engineering Group Inc. (NYSE: JEC) announced it was awarded a contract to lead design and provide engineering services, procurement and construction support for Pfizer, Inc.’s new $350 million Global Biotechnology Center investment in the Hangzhou Economic Development Area in China.

Under the terms of the agreement, Jacobs is responsible for developing the overall site design, which includes aseptic fill/finish, drug substance and central utility buildings; a quality laboratory; administration offices; and a warehouse. The facility is being built to produce monoclonal antibodies and also serve as a process development and clinical supply site for biologic medicines in China.

In making the announcement, Jacobs Senior Vice President Life Sciences Robert Norfleet stated, “This is an exciting opportunity for our Life Sciences business. We have a long history of helping Pfizer grow and expand its global manufacturing capabilities. We look forward to partnering with Pfizer once again to develop this state-of-the-art biotechnology center in China.”

The facility is expected to be complete in 2018.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News

Add Your Comment