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High biologics demand spurs need for greater contract manufacturing

Pharmaceutical Technology

As a result, some pharmaceutical companies are turning to third parties. GlobalData forecasts Biologics to significantly overtake sales of small molecules by $120 billion by 2027. As more companies rely on CROs and CDMOs, the criteria for selecting the right partner has also changed.

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Pliant snags $287.5 million in oversubscribed public offering amid market uncertainty

Pharmaceutical Technology

A Pliant spokesperson said, “This successful transaction, along with existing cash, cash equivalents, loan agreement and short-term investments, provides for operations to be funded to mid-2027, a year past the expected IPF Phase 2b clinical trial readout.” The company said a Phase IIb trial initiation should be expected in mid-2023.

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