PharmaMar allocates six million to expand its facilities in Madrid

With this expansion they hope to increase production, increase office capacity and create more than 90 jobs.

PharmaMar facilities.

PharmaMar will invest six million euros in the expansion of its facilities in Colmenar Viejo (Madrid) in order to face your new business challenges and future market demands.

These extensions will affect the office, warehouse and production areas, with a “notable” increase in work capacity, as reported by the company on Thursday.

Specifically, the expansion of your production warehouse It will have an additional 3,600 square meters and the date of completion of the project and commissioning will be July 2021.

More offices and jobs

The office space will be expanded by 1,100 square meters and will have a capacity to accommodate more than 90 new jobs. It is expected to be ready in December 2021.

In addition, the laboratories will be modified to increase current production capacity in GMP environment (‘Good Manufacturing Practices’).

The company has highlighted that the expansion project will allow it to face the demands for the development of new products in the different markets of the world.

In this sense, it plans to address four new Phase III trials this year: in oncology for small cell lung cancer and mesothelioma, in virology for the treatment of Covid-19, and in Sylentis, for the treatment of dry eye syndrome with RNAi . In addition, two new products are scheduled to enter the clinic.