Draxis breaks ground for new facility

AuntMinnie.com staff writers
Nov 26, 2007

Canadian radiopharmaceutical developer Draxis Health of Mississauga, Ontario, reported it has started construction of its second packaging and warehousing facility in Montreal.

The 77,000-sq-ft facility is the result of Draxis' recently announced contract with Johnson & Johnson Consumer Companies. The company plans to have about 50 employees located at this facility, part of the 80 to 100 new employees who are expected to be hired for the new contract.

The new facility is expected to be completed by mid-2008, with commercial production beginning in early in 2009.

Related Reading

Draxis Health's earnings take Q3 hit, November 1, 2007

Draxis Health posts second-quarter dip, August 10, 2007

Draxis posts Q2 earnings estimate, July 20, 2007

Draxis hires DeChambre for business development, May 29, 2007

Draxis to join Nasdaq Biotechnology Index, May 16, 2007

Copyright © 2007 AuntMinnie.com

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