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ADMA Adma Biologics Inc

6.91
0.10 (1.47%)
After Hours
Last Updated: 21:21:33
Delayed by 15 minutes
Share Name Share Symbol Market Type
Adma Biologics Inc NASDAQ:ADMA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 1.47% 6.91 6.91 6.97 6.94 6.76 6.90 2,411,283 21:21:33

ADMA Biologics Gets FDA Approval for Aseptic Fill-Finish Machine

08/09/2021 12:50pm

Dow Jones News


Adma Biologics (NASDAQ:ADMA)
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By Chris Wack

 

ADMA Biologics Inc. said the U.S. Food and Drug Administration has granted approval for its in-house aseptic fill-finish machine, the VanRx SA25.

The biopharmaceutical company said that with the VanRx operational, it is anticipating meaningfully improved gross margins, enhanced patient-supply consistency, accelerated inventory-production-cycle times, and increased control and visibility of commercial-product-lot releases, creating more predictable near-term revenue results.

The VanRx fill-finish machine uses a closed isolator design, allowing for the removal of human interventions and providing safe drug products for patients. The VanRx machine has the capability of rapidly switching between different container and closure formats, enabling aseptic filling in a variety of different fill volumes and presentation sizes.

ADMA said it will continue to work with its third-party contract manufacturing organization fill-finish partner who will continue to fill a portion of ADMA's production at their site. The CMO's site would remain in ADMA's FDA-approved product Biologics License Applications to provide the company with alternatives to ensure continued supply-chain robustness.

ADMA Biologics shares were up 20%, to $1.52, in premarket trading.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

September 08, 2021 07:35 ET (11:35 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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