X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FRAMINGHAM, MA-Genzyme Corp., a Cambridge-based biotech company, acquired a 70, 000-sf protein manufacturing facility in Belgium, and has decided to suspend its plan to develop a protein production plant here near the company’s campus. The facility in Belgium is part of the assets of Pharming NV, a subsidiary of the Pharming Group, which is currently operating under court receivership.

“We were planning to build a similar facility in Framingham,” Bo Piela, spokesperson for Genzyme, tells GlobeSt.com. “This will replace that work.” Piela notes that the facility in Belgium is nearly complete and “accelerates our time frame.” The facility here was in the planning stages and was supposed to be 300,000 sf. Piela says that Genzyme will expand the capacity of the facility in Belgium and it will be the company’s second major protein plant. The company has a protein plant in Boston in the neighborhood of Allston.

In addition, Genzyme also acquired a pilot plant. The deal has been approved by the Commercial Court in Turnhout, the Province of Antwerp, and Genzyme’s board of directors.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.