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Societal CDMO Inks Land Sell Deal

Proceeds from the more than $9 million sale to strengthen the CDMO’s balance sheet.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Societal CDMO, a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges primarily in small molecule therapeutic development, has signed a sales and purchase agreement to sell approximately 121 acres of lakefront land to David Weekley Homes, an established homebuilder, for $9,075,000.00. The land is located adjacent to Societal’s manufacturing facility in Gainesville, GA, and is being sought by David Weekley Homes, which op...

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