August 9, 2017

Avara to acquire Pfizer Italian facility

Norwalk-based Avara Pharmaceutical Services said it has has signed an agreement with Pfizer to acquire a sterile manufacturing facility in Liscate, Italy.

Terms of the deal were not disclosed.

"This acquisition is an important component of our strategic plan and expands our services by adding sterile processing capability, which is in very high demand," said Timothy C. Tyson, chairman and CEO of Avara, which is a contractor manufacturing and technical services provider.

The company now has five manufacturing sites in five countries around the globe.

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