Almac Invests $7 Million in Biocatalysis Pact
Almac Group, a contract development and manufacturing organization, will invest $7 million in a collaborative research and development expansion with Queens University Belfast (QUB) supported by Invest Northern Ireland in the area of biocatalyst discovery and development.
The project involves the further development of Almac’s biocatalysis services. The three-year development program will be in conjunction with QUB to provide new,biocatalyst platforms and products for active pharmaceutical ingredients, flavors and fragrances, agrochemicals, and fine chemicals .
The investment will establish a dedicated biotechnology research team focused on the development of bioinformatics, molecular modeling, and enzyme evolution and related expertise in scale-up chemistry.