Patheon, a provider of drug development and manufacturing services, has announced that after pursuing all reasonable alternatives for the past 12 months, it has elected to close its Carolina facility in Puerto Rico.
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Certain transitional activities will be continued at the facility for the next few weeks to ensure proper and compliant closure of the facility, however as of January 31, 2009 no further products will be manufactured, packaged or shipped from the facility, the company said.
As previously disclosed, severance and other closure costs are expected to be approximately $3 million.
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