Plasmid DNA Manufacturer VGXI, Inc. Completes Land Purchase and Proceeds with Design Development Phase for New Expanded Manufacturing Facility.
The Woodlands, TX – VGXI, a highly regarded CDMO supporting the gene therapy and DNA vaccine industries, announces it has closed on the purchase of greenfield for a new, expanded manufacturing facility. The site is located in Deison Technology Park in Conroe, TX and includes over 21 acres in the initial acquisition, with an option to purchase an additional 21 acres for future expansion. In collaboration with design-build partner BE&K, the Design Development phase of the project is well underway with groundbreaking planned in 3Q 2020 and substantial completion targeted by 3Q 2021. The first phase of the facility is expected to be operational by January 2022.
Multiple manufacturing trains are incorporated into Phase 1 of the design to achieve over 500% increase in capacity immediately upon completion, with established timelines for continued, rapid growth in the facility and production capabilities. In addition, there is flexibility within each GMP suite to support a wide range of projects from early clinical through commercial supply. The facility will also include micro processing suites for small scale projects and dedicated areas for GMP RNA manufacturing.
“Demand for high quality and reliable plasmid manufacturing services has increased dramatically as DNA immunotherapy and gene therapies demonstrate success in clinical studies,” stated VGXI CEO Young Park. “The established site for our new facility and multi-phase expansion strategy enables VGXI to continue to grow and support the success of our clients’ products as these industries mature.”
ABOUT VGXI, INC.
VGXI, Inc. is a leading provider of manufacturing and development services for DNA vaccines and gene therapies. The company has a reputation of success in manufacturing DNA products under cGMP conditions for clinical trials in the US, EU, Asia, Canada, and Australia, and its cGMP and non-GMP products have passed rigorous reviews by several international regulatory agencies. VGXI’s ability to work with unique requirements and create custom manufacturing solutions is based on its patented manufacturing process, flexible cGMP production facility, and experienced development team. VGXI, Inc. is a wholly-owned subsidiary CDMO of GeneOne Life Science, Inc.
ABOUT GENEONE LIFE SCIENCE
GeneOne Life Science Inc. (“GeneOne” KOSPI: 011000) is an international DNA vaccine and product developer, and leading contract manufacturer of DNA plasmid-based agents for pre-clinical and clinical trials for global companies and institutions. It researches and develops DNA vaccines and products to prevent and treat incurable diseases in South Korea and internationally. The company is headquartered in Seoul, South Korea. VGXI, Inc., GeneOne’s wholly-owned manufacturing subsidiary located in Texas, is the largest pure-play cGMP DNA plasmid manufacturing facility in the world. For more information, visit http://www.genels.com.
CAUTIONARY FACTORS THAT MAY AFFECT FUTURE RESULTS
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Christy Franco, PhD
Sr. Manager, Business Development