Amendment prolongs lease through 2016 with options through 2026.
Laureate Pharma entered into a lease amendment with 201 College Road Associates for its 57,000-sq-ft manufacturing facility and headquarters in Princeton, NJ. It will extend its current lease through 2016 and will have two additional five-year options further to prolong the lease through 2026.
The facility provides a full range of bioprocessing services, including process development, cGMP-scale production of up to 2,000-L, formulation, and filling, according to Laureate. In 2006, Laureate began the facility expansion project to add a pilot plant and other equipment to expand the capacity of the facility.