Olon Group Announces the Acquisition of GTP Bioways Group
July 03 2024 - 4:30AM
GTP Bioways Group is a French company operating as Biotech
CDMO (Contract Developing and Manufacturing Organisation),
specialising in R&D Services, process development and
production of mAbs, enzymes, proteins, nanodrugs, ADCs and F&F.
GTP Bioways Group, with multiple locations across France,
specializes in delivering comprehensive services to
biopharmaceutical companies. From preclinical development to
commercial stages, the group focuses on utilizing cutting-edge
technologies to advance innovative therapies.
GTP Bioways Group's services are
seamlessly integrated with those of the Olon Biotech division. This
integration enables Olon Biotech to expand and diversify its
technological offerings, supporting every stage of the lifecycle,
from R&D and preclinical phases to industrialization, through
microbial and mammalian fermentation and biotherapeutics.
Additionally, Olon Biotech will provide comprehensive services for
the development and production of innovative ADC classes, offering
a complete solution from mAbs to linkers, payloads, conjugation,
and fill-and-finish processes.
GTP Bioways operates a total of four sites in
France (Toulouse, Labege, Veyre-Monton, and
Saint-Julien-en-Genevois) focused on development, clinical trial
and cGMP manufacturing. The headquarters are based in Toulouse.
The four centers operate according to the
highest quality standards, in line with reference GMPs and are
regularly inspected by the relevant regulatory authorities.
The business areas on which GTP Bioways focuses
include biologics manufacturing and ADC manufacturing (using
mammalian and microbial fermentation technology), nanodrug
manufacturing, fill and finish and analytical development –
including HCP and immuno assay. In particular, the company has
consolidated a strong expertise in the business areas in which it
operates. Evidenced by a significative number of successfully
developed biological processes, the management of a broad and
diversified range of expression systems (mammalian, bacterial,
yeast, insect cells) and molecules (mAbs, antibody fragments,
cytokines, fusion proteins, enzymes, antigens). In addition, the
group possesses significant expertise in bioconjugation and fill
& finish. The CDMO services offered make up an integrated
platform capable of supporting customers from drug discovery,
through the entire development process with a special focus on the
pre-clinical phase, phase I and phase II.
Since its foundation, Olon Group has
consistently pursued a strategy of growth, consolidation, and
global market expansion through both internal development and
strategic acquisitions. Each acquired business has contributed
valuable expertise, enhancing Olon's technological capabilities. In
line with this strategy and aiming to advance its innovative and
high-tech offerings to customers, Olon has acquired GTP Bioways
Group. GTP Bioways Group’s specific capabilities in fully
supporting CDMO biotechnology projects also in the early phase of
new molecule development (pre-clinical, phase I and phase II),
perfectly complements Olon's current assets, to enrich and broaden
the offering to customers.
“The acquisition of GTP Bioways Group implies a
strong and significant strengthening of Olon's service pipeline
with the aim of creating new business opportunities, acquiring new
customers and high-potential market areas, and ultimately
continuing the company's growth,” stated Paolo
Tubertini, CEO, Olon Group.
In Q3 2024, Olon will finalise its €25m
investment in a facility operating under extremely high
containment, fully dedicated to the development and the production
of Ultra High Potent API - payloads and payload-linkers for
antibody-drug conjugates (ADCs). Olon relies on more than four
decades of experience in manufacturing cytotoxic products. With the
acquisition of GTP Bioways, Olon Biotech will be able to offer full
services for the development and production of ADCs, capable of
supplying everything from mAbs to linkers, payloads, conjugation
and fill and finish.
Contact info - Sabrina Spina, Olon Press Office.
sspina@olonspa.it / +39 338 6674289