Otsuka ICU Medical to invest $500M in IV solutions manufacturing

Pharma JV Spending $500M on Austin Plant Expansion

The planned expansion of a Northwest Austin pharmaceutical manufacturing plant by a multi-national joint venture will nearly double the complex’s size and cost a whopping $500 million. The Austin Business Journal reports the project is a joint venture between ICU Medical and Otsuka Pharmaceutical Factory America Inc. They are IV solutions companies that develop, research and manufacture products like IV bags. The existing facility is about 700,0…

Otsuka ICU Medical to invest $500M in IV solutions manufacturing

Otsuka ICU Medical today announced plans to invest more than $500 million to expand its U.S. IV solutions manufacturing in Texas. The companies (Otsuka Pharmaceutical Factory and ICU Medical), which launched this joint venture last year, plan to deliver a new facility and significant upgrades to its existing operations in Austin, Texas. They expect the expansion to enhance long-term supply resiliency and accelerate new product development. Addit…