BioOutsource plans Global Expansion

30-Jun-2014 - USA

BioOutsource Ltd. announced that the last 12 months have been an exceptional growth year for the company. Global demand for outsourced testing services, coupled with BioOutsource’s continued investment in R&D and the opening of a state of the art BioSimilar Centre of Excellence in Glasgow in February 2014, has driven continued development of the company and created the need to establish a new North American Testing Facility in 2015.

Robert Coughlin, Therese Murray, Gerry McKay, Deval Patrick, Susan Windham-Bannister

Left to Right: MassBio President & CEO Robert Coughlin, Massachusetts Senate President Therese Murray, BioOutsource CEO Gerry McKay, Governor Deval Patrick, and Massachusetts Life Sciences Center President & CEO Susan Windham-Bannister, Ph.D. celebrate BioOutsource’s decision to expand in Massachusetts at the BIO Convention in San Diego.

BioOutsource revenues have grown by more than 40% over the last 12 months with positive growth delivered across all business units. The company continues to strengthen and reinforce its position as market leader in the biological analysis of BioSimilar molecules.

Following the successful opening of a US office in 2013, based in the BioTechnology Hub of Cambridge, MA, the company plans to open a Laboratory Facility in the Massachusetts area in early 2015 to service their North American & Latin American clients. The new Laboratory Facility will support and strengthen the company’s BioSimilar and BioSafety service offering.

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