AsymBio Launches Commercial Production in Shanghai, Expanding Biopharmaceutical Services
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 day ago
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Source: PRnewswire
- Commercial Production Launch: AsymBio officially begins commercial production at its Shanghai Fengxian facility, marking a significant milestone in the integration and expansion of its biopharmaceutical CDMO services, which is expected to accelerate the commercialization of innovative therapies globally.
- Facility Scale and Capabilities: Spanning 130,000 square meters, the Fengxian base is designed to provide flexible and scalable support across all clinical phases, significantly enhancing AsymBio's production capacity and service capabilities from early development to commercial production.
- Advanced Technology Application: The Fengxian facility is equipped with advanced biomanufacturing technology capable of producing a broad range of next-generation biotherapeutics, including monoclonal and bispecific antibodies, which is anticipated to reduce costs and improve production flexibility compared to traditional methods.
- Commitment to Quality and Sustainability: Operating under stringent quality management systems that meet global regulatory standards, the facility also adheres to Asymchem's ESG strategy, further strengthening its competitive position in the biopharmaceutical sector.
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Wall Street analysts forecast 06821 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 06821 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 78.450


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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.