The local facility is located within 30 miles of Acusphere'sheadquarters in Watertown. It is anticipated that this proximity,and the availability and experience of local resources, willprovide operational efficiencies. Lease rates for this deal werenot available but the average asking rent for this type of space isapproximately $6 per sf.
Earlier this month, Acusphere announced a $70 millionpartnership agreement with Nycomed, a pan-European pharmaceuticalmarketing company. Under this agreement, Acusphere will manufactureAI-700 for Nycomed's sale in Europe. The Tewksbury facility,subject to completion of remodeling and regulatory approvals, willmanufacture the product for sale in the US, Europe and elsewhereworldwide.
"Leasing additional manufacturing space at this time reflectsour continued optimism in AI-700," says Sherri C. Oberg, Acuspherepresident and CEO.
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