DUBLIN, Ireland, May 04, 2016 (GLOBE NEWSWIRE) -- Nexvet Biopharma (Nasdaq:NVET), a veterinary biologics developer, today announced the hosting of an Investor Symposium on June 3, 2016 at BioNua, its veterinary biologics manufacturing facility in Tullamore, Ireland. The event marks the official opening of the facility and will coincide with a Biopharma Showcase co-organised by the Irish Government agencies Enterprise Ireland and IDA Ireland, which will occur on June 2, 2016 at the National Institute for Bioprocessing Research and Training (NIBRT).
A focal point of Nexvet’s Investor Symposium at BioNua will be the emerging field of therapeutic veterinary biologics and BioNua’s growing manufacturing capabilities in this area. The Irish Biopharma Showcase is intended to provide an overview of the biopharmaceutical industry in Ireland, while facilitating connectivity between institutional investors and several of Ireland’s established and emerging biopharmaceutical companies.
"The compelling advantages of biologic therapies for chronic conditions in companion animals underpin Nexvet’s long-term vision for transforming animal medicine. Managing in-house manufacturing of our therapies in development is a key part of Nexvet’s strategy to become a vertically integrated leader in veterinary biopharmaceuticals. As we approach an operational milestone for BioNua, we are hosting this event so investors may better understand the opportunity in veterinary biopharmaceuticals, and the value we are creating through investing in manufacturing and specifically, in Ireland,” said Dr. Mark Heffernan, Chief Executive Officer of Nexvet.
BioNua is a wholly owned subsidiary comprising a 20,000 square foot facility in Tullamore, Ireland. This site was previously devoted to producing human biopharmaceuticals prior to the Company securing the facility in September, 2015. The facility historically operated under an Investigational Medicinal Products and cGMP Manufacturing licenses from Ireland's Health Products Regulatory Authority and is equipped with cGMP grade clean rooms, water for injection, purified water, and clean steam generation systems. In addition, the facility is equipped with analytical and development laboratories. Nexvet is reconfiguring the facility to be a dedicated veterinary biopharmaceutical facility using state-of-the-art disposable bioreactors, with the capability to meet the Company’s anticipated future clinical and commercial production needs for therapeutic drug substance.
To register for Nexvet’s Investor Symposium on June 3 and/or the Irish Biopharma Showcase on June 2, please RSVP by May 20, 2016 to IR@nexvet.com with your name, company and phone number. Detailed agendas will be distributed prior to both events.
About Nexvet (www.nexvet.com)
Nexvet is a veterinary biologics developer focused on transforming the therapeutic market for companion animals, such as dogs and cats, by developing and commercializing novel, species-specific biologics. Nexvet’s proprietary PETization™ platform is designed to rapidly design monoclonal antibodies (mAbs) that are recognized as “self” or “native” by an animal’s immune system, a property Nexvet refers to as “100% species-specificity.” Nexvet’s product candidates also build upon the safety and efficacy data from clinically tested human therapies, thereby reducing clinical risk and development cost.
Nexvet is leveraging diverse global expertise and incentives to build a vertically integrated biopharmaceutical company, which conducts drug discovery in Australia, conducts clinical development in the United States and Europe and is growing its biomanufacturing capabilities in Ireland.
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Source:Nexvet Biopharma plc