Cangene
Industry | pharmaceutical industry; contract manufacturing industry |
---|---|
Founded | 1984Winnipeg, Manitoba, Canada | in
Defunct | 2014 |
Fate | Acquired by Emergent BioSolutions |
Divisions | Cangene bioPharma (CMO) |
Cangene Corporation was a biopharmaceutical company based in
Business model
Cangene's business model shifted several times during its existence. There is some consensus that the company came to rely on revenue from United States stockpiling and bioterrorism contracts and did not adequately prepare for the disappearance of this revenue.[1] At one point, the company attempted a shift away from contract manufacturing to research & development, but abandoned this track after about two years and subsequently moved to marketing of ready-for-launch products developed by other companies.[1]
History
Cangene was founded in 1984 and had an employee count of 650 in 2004.
In 2010, Cangene obtained United States distribution rights for
Development of the new IVIG product was subsequently cancelled in 2012, representing a strategic turn away from R&D toward marketing in an attempt to return to profitability.[1] Decline in profitability had come in part due to decreased cash flow from a US$500,000,000 bioterrorism-related program of work with the U.S. Biomedical Advanced Research and Development Authority.[1]
In 2012, the company obtained exclusive United States distribution rights for Episil.[1]
In 2013, the company purchased rights to development and commercialization of three drug candidates, recombinant blood clotting factors
In February 2014, the company was acquired by Emergent BioSolutions.[8]
Corporate governance
As of 2010, Paul Brisebois served as the company's vice president for commercial development.[5] At the time, the company was in the process of expanding its sales force and shifting focus from contract manufacturing to a "strategy to optimize our commercial assets."[5]
In 2011, the company's "longtime CEO", John Langstaff of Winnipeg, resigned and leadership went to John Sedor of Philadelphia as president and CEO.[9][10]
Operations
Cangene's two manufacturing and plasma collection facilities were located in Winnipeg, Manitoba, Canada.[2][10] The contract manufacturing subdivision, Celegene bioPharma, maintains facilities in Baltimore, Maryland, United States.[10] The sales and marketing office was located in Philadelphia, Pennsylvania, United States.[10] Most of the company's senior leadership were also based in Philadelphia by the time the company was sold in early 2014.[9]
Products
As a result of their biodefense focus, Cangene had three products included in the U.S. Strategic National Stockpile: Heptavalent botulism antitoxin, Vaccinia immune globulin, Anthrax immune globulin.[10] 2012 revenue from the biodefense products amounted to US$50,000,000.[10] Cangene also had four approved commercial specialty products: WinRho, HepaGam B, VARIZIG, and episil.[10] 2012 commercial product revenue was US$44,000,000, while their contract manufacturing revenue was US$33,000,000.[10]
Cangene bioPharma
Cangene bioPharma is the Baltimore-based contract manufacturing division of Cangene.[11] As of November 2010, Cangen bioPharma had 100 employees in two facilities,[2] and 30 customers.[11]
From May 2008 to at least November 2010, Cangene bioPharma supplied assembled
References
- ^ a b c d e f g Cash, Martin (14 July 2012). "Cangene Goes Commercial". Winnipeg Free Press.
- ^ a b c Staff (1 December 2004). "Cangene Corporation". Pharmaceutical Technology. Advanstar. Archived from the original on 29 March 2015.
- ^ Kirbyson, Geoff (6 January 2012). "Cangene cuts workforce by 20%". Winnipeg Free Press. Archived from the original on 29 March 2015.
- ^ Kirbyson, Geoff (9 April 2011). "Cangene lays off 40 staff; cites dip in U.S. contracts". Winnipeg Free Press. Archived from the original on 29 March 2015.
- ^ a b c Staff (5 May 2010). "Cangene assumes U.S. commercialization rights for WinRho SDF". Biotech Week. United States. Archived from the original on 29 March 2015.
- ^ a b Cash, Martin (16 June 2010). "Cangene Corp. begins transformation project". Winnipeg Free Press. Archived from the original on 29 March 2015.
- Gen. Eng. Biotechnol. News(paper). Vol. 33, no. 6. United States. p. 8.
- ^ "Emergent BioSolutions Completes Acquisition of Cangene Corporation" (Press release). Emergent BioSolutions. 21 February 2014. Retrieved 17 June 2014.
- ^ a b Cash, Martin (20 December 2013). "Cangene Takeover Might Not Be a Bad Thing". Winnipeg Free Press.
- ^ a b c d e f g h Staff (25 December 2013). "Emergent BioSolutions to Acquire Cangene Corporation". Biotech Week. United States. Archived from the original on 29 March 2015.
- ^ a b c d Kearney, Brendan (29 November 2010). "Drug-maker Cangene can close for upgrades, says U.S. District Court". The Daily Record. United States. Archived from the original on 29 March 2015.
External links
Further reading
- "Introduction". Cangene. Archived from the original on 21 May 2013. Retrieved 5 Aug 2013.