Orion Unveils Plans for a New Biologics R&D Centre
Orion Corporation has made a significant announcement regarding its commitment to advancing pharmaceutical innovation. The company plans to establish a brand new research and development centre in Cambridge, UK, in 2025. This strategic move is part of Orion's broader global growth strategy aimed at accelerating the development of cutting-edge medicines.
Focus on Biological and Large-Molecule Therapies
This new research centre will primarily concentrate on the development of novel biological therapies and large-molecule treatments. With teams dedicated to Biologics Chemistry, Manufacturing and Controls (CMC), the facility will be instrumental in supporting Orion's various biologics research initiatives, which are progressing into the clinical phase of development.
Cambridge: A Hub for Biomedical Research
Cambridge is recognized as Europe’s largest biomedical research hub, making it an ideal location for Orion's new centre. The city houses a plethora of world-class scientific talent along with numerous prestigious universities, fostering a vibrant environment for collaboration. Professor, M.D., Ph.D. Outi Vaarala, who serves as Orion’s Executive Vice President of Innovative Medicines and Research & Development, expressed enthusiasm regarding this venture. She emphasized that this step not only enhances Orion's international presence but also fortifies its expertise in the rapidly evolving field of biologics.
Current Organizational Structure and Future Adjustments
At present, Orion’s R&D organization comprises around 400 employees, with its main facilities located in Espoo and Turku, Finland, along with smaller clinical development hubs based in Nottingham, UK, and New York City, USA. To streamline its operations as it expands, Orion is initiating a statutory negotiation process in Finland. This process will affect approximately 20 employees working in the Protein and Antibody Engineering and Characterization teams located in Turku.
Implications of the Reorganization
The negotiation aims to explore various organizational modifications that can better support Orion's biologics R&D in the future. Potential outcomes of this process may include changes to responsibilities, role transfers, adjustments in employment terms, and possibly terminations if alternatives cannot be identified. Though the estimated preliminary need for redundancies stands at a maximum of 15 employees, should these issues arise, they would be addressed in 2025.
Orion's Commitment to Global Health
Orion Corporation, a longstanding player in the pharmaceutical market, is dedicated to enhancing global health through its comprehensive portfolio of pharmaceuticals. The company develops, manufactures, and markets human and veterinary medicines alongside active pharmaceutical ingredients. With key areas of focus in oncology and pain management, Orion has created a range of proprietary medicines utilized to treat various illnesses, including cancer and neurological disorders.
Company Performance and Future Prospects
In recent financial disclosures, Orion reported impressive net sales of EUR 1,542 million for the year preceding the current year, showcasing its strong position in the pharmaceutical landscape. By the end of the previous year, Orion employed approximately 3,700 people, reflecting its robust operational capabilities. Both the A and B shares of Orion are publicly traded on Nasdaq Helsinki, allowing for investment and engagement from stakeholders around the world.
Contact Information
For further information, please contact:
Outi Vaarala
Executive Vice President
Innovative Medicines and Research & Development
tel. +358 10 426 3472
Frequently Asked Questions
What is Orion's new Biologics R&D Centre focused on?
The new centre will develop innovative biological and large-molecule therapies, supporting Orion’s research projects moving towards clinical phases.
Why was Cambridge chosen for the new centre?
Cambridge is Europe’s largest biomedical research hub, offering rich access to top scientific talent and collaboration opportunities with esteemed universities.
How will the reorganization impact employees in Turku?
A statutory negotiation process will affect about 20 employees in the Protein and Antibody Engineering and Characterization teams, potentially leading to role changes or redundancies.
What is Orion's focus in its pharmaceutical development?
Orion focuses on oncology and pain management, developing both proprietary and generic medicines as well as consumer health products.
How have Orion's sales been in recent years?
Orion reported net sales of EUR 1,542 million in the previous year, demonstrating its financial health and industry prominence.
