logo
Resilience Provides Customers With Update on CDMO Business Strategy and Manufacturing Footprint

Resilience Provides Customers With Update on CDMO Business Strategy and Manufacturing Footprint

Yahoo8 hours ago

Will Focus on High-Growth Segments of Advanced Therapeutics Manufacturing and Consolidate Operations
Legal Proceedings to Wind Down Underutilized Sites Do Not Include Resilience or Its Go-Forward Manufacturing Operations Anchored by Cincinnati Facility
Existing Institutional Investors Provided $250 Million in Bridge Financing to Support Transformation
SAN DIEGO & CINCINNATI, June 09, 2025--(BUSINESS WIRE)--National Resilience ("Resilience"), a technology-focused biomanufacturing company dedicated to broadening access to complex medicines, today provided an update on its CDMO business strategy and financing in a letter to its customers.
The full letter follows:
Dear Resilience Customers,
Since our founding in 2020, Resilience has focused on improving the pharmaceutical supply chain and providing manufacturers of complex, advanced medicines the ability to produce drugs at scale and on shore. During this time, we have been consistently evolving to capture the market opportunities that match our resources and capabilities with our customers' priorities.
Most recently, we have determined that the best use of our expertise, resources, and talent is to focus on high-growth segments to advance cell-based medicines, primarily biologics, and aseptic drug product operations. It has also become clear that our capacity expansion has outpaced industry demand. As a result, we have been consolidating our operations to pursue a tailored business strategy with a streamlined footprint.
To advance our transformation while continuing to serve our customers with excellence, it was determined that sites not being fully utilized needed to be wound down in a prompt and efficient manner through legal proceedings commenced by a leaseholder affiliate.
Importantly, Resilience and our go-forward manufacturing operations, anchored by our Cincinnati facility, are fully operational and not included in those proceedings.
Of note, our transformation has the support of our shareholders, with a consortium of existing institutional investors having provided $250 million in bridge financing to support the consolidation of our manufacturing footprint. We are also pursuing additional debt financing to fuel our longer-term growth plans.
Resilience is on track to become a leaner, stronger enterprise, with the right focus and the right footprint to serve you even better in the future. Thank you for your continued partnership during our transformation journey.
Sincerely,
William S. Marth, RPh., MBAPresident & Chief Executive Officer
About Resilience Resilience is a North American contract development and manufacturing organization (CDMO) focused on delivering high-quality, scalable manufacturing solutions for advanced therapies. With capabilities spanning biologics drug substance, cell-based therapies, and aseptic drug product manufacturing for both small and large molecules, Resilience partners with leading biopharma companies to bring complex medicines to market faster and more reliably. The company is building a streamlined, high-performance network designed to meet the evolving needs of clinical and commercial-stage innovators. For more information, visit https://resilience.com/ and follow us on social media: Resilience on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250609219371/en/
Contacts
Media: Kekst CNCResilienceMedia@kekstcnc.com
Catherine HanleyVice President, Corporate CommunicationsResiliencecatherine.hanley@resilience.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Black & Veatch Participates in Industry Dialogues, Identifies Viable Pathways to Deliver Asia's Energy Transition at Energy Asia 2025
Black & Veatch Participates in Industry Dialogues, Identifies Viable Pathways to Deliver Asia's Energy Transition at Energy Asia 2025

Yahoo

timean hour ago

  • Yahoo

Black & Veatch Participates in Industry Dialogues, Identifies Viable Pathways to Deliver Asia's Energy Transition at Energy Asia 2025

KUALA LUMPUR, Malaysia, June 10, 2025--(BUSINESS WIRE)--Black & Veatch, a global leader in human critical infrastructure solutions, will share ways to adapt international best practices to accelerate Southeast Asia's energy transition at the Energy Asia 2025 conference, taking place June 16-18 at the Kuala Lumpur Convention Center here. "As geopolitical tensions rise and extreme heat waves become more prolonged, Malaysia and its Southeast Asian neighbors need energy transition solutions that will meet their economic and environmental targets. "Black & Veatch is committed to drawing on its extensive sustainable infrastructure experience to help the region meet its growing energy demands with low and no-carbon energy sources," said Jerin Raj, managing director, Asia Pacific, Black & Veatch. Deep collaborations with industry leaders from energy and other sectors, and knowledge transfer are part of that commitment. At the conference in Malaysia, Anand Pattani, vice president and managing director, International Energy Majors, Black & Veatch, will discuss how traditional refiners can adapt to remain competitive in a low-carbon world and the pathways most viable for the refining sector. Pattani will propose global strategies that can be adapted to overcome technical, regulatory, and financial barriers. Aligning with Malaysia's priorities to reduce carbon footprints, optimize resource efficiency, and promote sustainable development, Black & Veatch has supported power projects in Malaysia since the 1990s, from strategic decision-making to financial and resource commitments, implementation and execution. About Black & Veatch Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with more than 100-years of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure and energy assets. Follow us on and on LinkedIn, Facebook, X (Twitter) and Instagram. View source version on Contacts Media Contact Information: EMILY CHIA | +65 6335 6623 | Media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Black & Veatch Participates in Industry Dialogues, Identifies Viable Pathways to Deliver Asia's Energy Transition at Energy Asia 2025
Black & Veatch Participates in Industry Dialogues, Identifies Viable Pathways to Deliver Asia's Energy Transition at Energy Asia 2025

Business Wire

timean hour ago

  • Business Wire

Black & Veatch Participates in Industry Dialogues, Identifies Viable Pathways to Deliver Asia's Energy Transition at Energy Asia 2025

KUALA LUMPUR, Malaysia--(BUSINESS WIRE)-- Black & Veatch, a global leader in human critical infrastructure solutions, will share ways to adapt international best practices to accelerate Southeast Asia's energy transition at the Energy Asia 2025 conference, taking place June 16-18 at the Kuala Lumpur Convention Center here. 'As geopolitical tensions rise and extreme heat waves become more prolonged, Malaysia and its Southeast Asian neighbors need energy transition solutions that will meet their economic and environmental targets. 'Black & Veatch is committed to drawing on its extensive sustainable infrastructure experience to help the region meet its growing energy demands with low and no-carbon energy sources,' said Jerin Raj, managing director, Asia Pacific, Black & Veatch. Deep collaborations with industry leaders from energy and other sectors, and knowledge transfer are part of that commitment. At the conference in Malaysia, Anand Pattani, vice president and managing director, International Energy Majors, Black & Veatch, will discuss how traditional refiners can adapt to remain competitive in a low-carbon world and the pathways most viable for the refining sector. Pattani will propose global strategies that can be adapted to overcome technical, regulatory, and financial barriers. Aligning with Malaysia's priorities to reduce carbon footprints, optimize resource efficiency, and promote sustainable development, Black & Veatch has supported power projects in Malaysia since the 1990s, from strategic decision-making to financial and resource commitments, implementation and execution. About Black & Veatch Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with more than 100-years of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure and energy assets. Follow us on and on LinkedIn, Facebook, X (Twitter) and Instagram.

Mitsubishi Electric's ME Innovation Fund Invests in Carbon Credit Monitoring Startup Archeda
Mitsubishi Electric's ME Innovation Fund Invests in Carbon Credit Monitoring Startup Archeda

Business Wire

timean hour ago

  • Business Wire

Mitsubishi Electric's ME Innovation Fund Invests in Carbon Credit Monitoring Startup Archeda

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Archeda, Inc., a Japan-based startup that uses satellite data to develop and provide monitoring and analysis tools for carbon credits. The carbon credit system enables companies and other entities to buy and sell greenhouse gas-reduction outcomes (reduced or sequestered volumes) as emissions-allowance credits. This is the eleventh investment that the fund has made to date. As global efforts toward achieving carbon neutrality gain momentum, carbon offsetting has emerged as an effective strategy. Under this concept, companies, etc. strive to reduce their greenhouse gas emissions as much as possible and then compensate for any remaining emissions by investing in sustainable projects that reduce or sequester an equivalent amount of greenhouse gases. In Japan, an increasingly active market is developing for nature-based carbon credits, including activities to manage, conserve and protect the natural environment. The demand for carbon offsets and nature-based credits in Japan is expected to rise significantly with the planned launch of a national emissions trading scheme in fiscal 2027. The scheme, which will apply to companies that emit over 100,000 tons of CO 2 annually, will set a cap on each company's CO 2 emissions and allow them to trade surplus or deficit emissions allowances. However, challenges remain, such as the lack of clarity regarding how credits will be issued, highlighting the urgent need for mechanisms to ensure the trustworthiness of carbon credits.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store