Progen gets in synth
Wednesday, 02 July, 2008
Brisbane biotech Progen Pharmaceuticals (ASX: PGL) has spun out its manufacturing business into a wholly-owned subsidiary.
The new subsidiary will be called PharmaSynth, and will be responsible for completing Progen's PI-88 manufacturing process.
It will also offer process development and manufacturing services to the biotechnology industry.
Progen's former director of manufacturing operations, Les Tillack, is the new company's CEO.
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