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A Agilent Technologies

137.52
-1.17 (-0.84%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Agilent Technologies NYSE:A NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.17 -0.84% 137.52 139.885 136.71 139.23 1,146,814 01:00:00

New State of the Art Facility Increases Agilent’s Capacity to Produce Nucleic Acid-Based Therapeutics

18/06/2019 1:00pm

Business Wire


Agilent Technologies (NYSE:A)
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New facility in Frederick, Colorado, to produce high-quality molecules with the potential to treat cancer and other diseases

Agilent Technologies Inc. (NYSE: A) today announced the opening of a production facility in Colorado that more than doubles its capacity to develop and manufacture “oligos,” which are short DNA and RNA molecules that customers use to produce nucleic acid-based therapeutics.

Agilent expects the demand for therapeutic oligo manufacturing to grow near 10% each year through 2025, to over $750 million by 2025. This facility will enable Agilent to meet this growing demand and to continue being a partner of choice to pharmaceutical and biotech companies. Shipments to customers from this new site are expected by year-end.

The new state-of-the-art facility is in Frederick, about 30 miles north of Denver. It produces oligonucleotide (“oligo”) active pharmaceutical ingredients, which hold the potential to treat cancer, rare and infectious diseases, cardiovascular indications, and other disorders.

“Our customers are developing innovative therapies that can lead to truly life-changing outcomes for patients,” said Brian Carothers, vice president of Agilent’s Nucleic Acid Solutions Division. “As a leading oligo manufacturer for over 20 years, Agilent is uniquely qualified to support this critical and growing industry. Our Frederick facility ensures we will keep up with demand while continuing to deliver a premium customer service.”

“We’re committed to Frederick and the state of Colorado,” added Carothers. “Agilent has already brought 100 high-paying jobs to Frederick. Depending on customer demand, the site can further expand its manufacturing capacity in the coming years.”

The $185 million facility in Frederick covers 135,000 square feet. It also expands Agilent’s presence in Colorado, where the company has had an oligo manufacturing site in nearby Boulder since 2006. Both sites are current Good Manufacturing Practices (cGMP) facilities, as designated by the U.S. Food and Drug Administration.

About Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is a global leader in life sciences, diagnostics, and applied chemical markets. With more than 50 years of insight and innovation, Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. The company generated revenues of $4.91 billion in fiscal 2018 and employs 15,550 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to our Newsroom. Follow Agilent on LinkedIn, Twitter, and Facebook.

Naomi GoumilloutAgilent Technologies+1.781.266.2819naomi.goumillout@agilent.com

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