11 Jul WisBusiness: Gov. Tony Evers Announces Nexus Pharmaceuticals to build sterile injectable manufacturing facility in Pleasant Prairie
Gov. Tony Evers today joined with the owners of Nexus Pharmaceuticals, Inc., Kenosha County Executive Jim Kreuser, Village of Pleasant Prairie Board President John Steinbrink, Kenosha Area Business Alliance President Todd Battle, and Milwaukee 7 regional economic development officials to announce that Nexus has selected Pleasant Prairie as the location for its first sterile drug manufacturing facility.
Nexus Pharmaceuticals is a woman-owned, privately-held pharmaceutical company based in Lincolnshire (IL) that produces specialty and generic injectable drugs relied upon by hospitals across the U.S. The Pleasant Prairie manufacturing facility will support the production and supply of drugs in an array of therapeutic areas, including anesthesia, oncology, cardiovascular and neurology. Nexus’ proprietary products are currently contract-manufactured by third-party providers located primarily in Europe and the U.S.
“We are proud to call Wisconsin the new home for our company’s first manufacturing facility,” said Nexus CEO Mariam Darsot. “This investment is needed to drive the continued growth of the U.S. pharmaceutical manufacturing industry. There is increasing patient demand for high quality and accessible generic injections. The addition of our Wisconsin facility will enable Nexus to produce a more stable and reliable supply of sterile injectables, a category that is particularly susceptible to drug shortages.”
The multi-phase project is expected to be completed within ten years, with an estimated total investment of $250 million. In the project’s first phase, Nexus will invest $85 million to build and equip a 100,000 square foot, three-story production operation, construction of which will begin in August and be completed by 2021. After the facility and equipment are qualified, and subsequently approved by regulatory agencies, commercial production is expected to begin in 2022. As part of the project’s first phase, Nexus will hire 77 workers in the fields of high-tech production, engineering, quality control, and supply chain management, at an average annual salary of $70,000.
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