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Kyowa Kirin Announces Board Approval for Construction of New Biologics Manufacturing Plant in Sanford, NC

In This Article:

Company's first manufacturing facility in North America to accelerate production of new biologic
therapies to advance clinical pipeline

Facility to draw upon local talent, area colleges and universities to fill more than 100 new positions

PRINCETON, N.J. , June 10, 2024 /PRNewswire/ -- Kyowa Kirin, Inc., an affiliate of Kyowa Kirin Co., Ltd. (Kyowa Kirin) (TSE: 4151), a global specialty pharmaceutical company based in Japan, today announced that its board of directors has approved plans to invest up to $530 million to build a new, state-of-the-art manufacturing facility in Sanford, North Carolina. The 171,700-square-foot, two-reactor facility will accelerate the company's development and production of biologic therapies for patients with rare and serious diseases while also contributing to the Sanford area's economic growth and development.

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"The extraordinary complexity of the medicines we manufacture requires specialized skills and resources that are in plentiful supply in Sanford and the Research Triangle region," said Paul Testa, Executive Vice President, Regional Head North America/EMEA Manufacturing, Kyowa Kirin North America. "We're excited to collaborate with area colleges, universities, businesses, and civic leaders to ensure that our plans align with Sanford's vision for growth, anchored in a rejuvenated manufacturing economy that offers diverse job opportunities and returns value to the community."

A key driver of the new manufacturing facility is the growing global imperative to treat diseases that individually are rare, but which collectively affect an estimated 263 to 446 million people worldwide.1 Kyowa Kirin is uniquely positioned to fulfill the unmet needs of patients living with rare and underserved diseases by continuing to build on its more than 70-year history of discovering and developing novel medicines that offer life-changing value to patients.

The new facility will manufacture innovative biologic therapies, including next-generation antibodies, for the company's planned clinical trials and future commercial use while creating more resilient and efficient supply lines that more readily withstand shifting global forces. The 75-acre campus at Helix Innovation Park at The Brickyard will allow for future expansion, should the company's portfolio necessitate greater capacity as its pipeline programs advance.

Construction of the facility is expected to begin in the second half of 2024 and become fully operational in 2027. Kyowa Kirin's investment of up to $530 million will be supported by performance-based state and local incentives to Kyowa Kirin of $10 million over 12 years, which are estimated to grow the state's economy by $1.05 billion over the course of grant, according to the North Carolina Department of Commerce.2 The plant will create more than 100 new local jobs at an average salary of $91,496.