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Progenics Launches Mfg. Ops in NJ

Acquires Azedra radiopharmaceutical manufacturing facility in Somerset

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Progenics Pharmaceuticals, an oncology company developing medicines and imaging analysis technology for targeting and treating cancer, has acquired a Somerset, NJ manufacturing facility for Azedra (iobenguane I 131) for $8 million. Azedra is the first and only FDA-approved radiopharmaceutical indicated for the treatment of pheochromocytoma and paraganglioma, ultra-rare cancers.   The Somerset site serves as the launch facility for Azedra and will also provide manufacturing support for the compan...

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