Prestige Biopharma’s New Vaccine Production Centre for Infectious Diseases Including COVID-19

April 20, 2021 12:52 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

SINGAPORE--(BUSINESS WIRE)-- Prestige Biopharma Limited (PBP), specializing in the development of antibody therapeutics, announces that the company will be introducing a vaccine development and production centre into its core business. PBP has been preparing for a business expansion into the development of vaccine-based therapeutics since the start of the ongoing COVID-19 outbreak as a response to the current, and potential future, viral pandemics. The design, development and implementation of the vaccine centre has resulted from that plan.

This press release features multimedia. View the full release here:

New Prestige BioPharma vaccine centre in South Korea (Photo: Business Wire)

New Prestige BioPharma vaccine centre in South Korea (Photo: Business Wire)

PBP is on target to complete the construction of its global-scale vaccine production facility in Osong, South Korea with a total area of approximately 8,500 m2 inside the Campus 2 facility of its affiliated company Prestige Biologics. The vaccine centre initiated construction last month (March 2021) and is projected to start operations from August 2021 utilizing Prestige Biologics’ unmatched engineering service for expedited establishment with cutting-edge technology.

PBP will be utilising Prestige Biologics’ proprietary ALITA Smart BioFactory™, the world’s first smart factory system in biomanufacturing designed based on digital artificial intelligence, which will contribute to reducing human or process related errors. The system will also enable fast and convenient change-over to maximize efficiency when catering for multiple products and manufacturing processes. This smart factory’s ‘single-use’ system will enable mass production of vaccine in the short-term.

The total production capacity of the vaccine centre is 100,000 litres, comprised of 50 units of 2,000 litre single-use bioreactors with accompanying seed train and down-stream purification capacities. With this global-scale production capacity, the centre will contribute to the growing global demands of vaccine development and production in response to infectious diseases such as COVID-19.

PBP will participate in a consortium led by Huons Global in the production of Russia's Sputnik V COVID-19 vaccine as the Drug Substance (DS) manufacturing centre.

Lisa S. Park, CEO of Prestige BioPharma, commented: “The prolonged fight against the COVID-19 pandemic has led to growing concerns surrounding infectious viral disease and the increased necessity for production capability for vaccine-based therapeutics” and “hopefully our global-scale vaccine centre will assist in defeating the pandemic and we will ultimately aim to develop our own vaccine products to combat potential future pandemics.”

Media enquiries:
Global Communication Team
Prestige BioPharma Ltd.
Yujin Suh
Tel: +65-6924-6535

Source: Prestige Biopharma Limited

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Business Wire, Press Releases