Continuus lands $69.3m US drug manufacturing contract

URLhttps://www.outsourcing-pharma.com/Article/2021/01
SourceOutsourcing Pharma
Date Published01/21/2021
Author NameJenni Spinner
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Continuus Pharmaceuticals
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):69.3
City reshored to:Woburn
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredgeneric medications
What non-domestic negative factors made offshoring less attractive?Quality/rework/warranty, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Government Incentives, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training, covid-19
Government Incentive dollar amount:$69.3 million DoD, HHS contract
Find Reshoring Articles