As part of the expansion project, GBI has selected ABEC, Inc. of Bethlehem, PA, one of the world's leading manufacturers of bioreactors and fermentors, to supply the bioreactors for its Phase III compliant facility.
The new manufacturing suites will be initially outfitted with two ABEC bioreactors, sized at 200 Liters and 500 Liters. Late summer of 2006 is the scheduled completion of the expansion project, including installation of the bioreactors.
"Goodwin has a long history in the Biopharmaceutical arena. In the mid-eighties, our predecessor company was one of the first cancer research institutes to develop monoclonal antibody based diagnostics and therapeutics. Early in the 1990s, we became a fully integrated contract manufacturer of bio-therapeutics. This expansion project will enable us to serve our current and new clients as they scale up to Phase III trials and beyond," stated Ms. Stephanie Finnegan, Chief Executive Officer of Goodwin. "ABEC, a company reputed for its engineering and workmanship dating back to the 1970's, was the obvious choice for our expansion. Being in a service industry ourselves, we needed to choose a supplier with the highest commitment to quality and customer support."
Scott Pickering, ABEC's Chief Executive Officer, added, "As a contract manufacturer, Goodwin needed a highly reliable bioreactor supplier. We are therefore very pleased that they have chosen ABEC, and are excited to be a key contributor to their expansion."
Having just completed an unprecedented year of growth in 2005, and with even more impending growth in sight, GBI is continuing to build its team and has added significant new staffing, especially in GMP manufacturing, quality, and regulatory affairs. Earlier in 2005, the GMP manufacturing space was upgraded and QC labs enlarged. The expansion project will also encompass a new, larger, and more versatile process development laboratory, providing full services for both cell culture development and optimization as well as purification and conjugation process development.
In early 2005, Goodwin negotiated a contract for and began manufacturing its first Phase III product, a recombinant biopharmaceutical for a global pharmaceutical company.
In reference to the expansion Mr. Karl Pinto, Chairman of Goodwin added, "We are looking to the future to establish ourselves as the leading bio processing services company. Our intentions are to continue partnering with biopharmaceutical companies looking for a contract Manufacturer for pre-clinical through Phase III clinical trial production of recombinant proteins and monoclonal antibodies. We will also focus on building a franchise in the contract manufacturing of licensed 'Orphan Drugs' and other large molecules for small to mid-sized patient markets."
About ABEC, Inc.
ABEC, Inc. has been a leader in the design and manufacture of bioprocess equipment for over 30 years. The company is unique in its up-front, turn-key approach to the engineering, fabrication, and support of custom cGMP systems. ABEC leverages its experience and proven record of on-time delivery to provide customers with the shortest time to market and lowest overall cost of ownership.
About Goodwin Biotechnology, Inc.
GBI is a contract manufacturing organization (CMO) specializing in the cGMP compliant mammalian cell culture of bio-therapeutics through Phase III clinical trials. The company and its predecessor have been operating the biologics CMO space since the early eighties. GBI's clients include small to mid-sized biotech companies, renowned cancer research institutes and various branches of the U.S. government.