Global private investment firm, Bridgewest Group, recognised for developing innovative companies in life sciences, software, and deep tech, announces that it has completed the acquisition of the Perth sterile injectable manufacturing facility from Pfizer (Perth), a subsidiary of Pfizer.

Bridgewest Group previously announced the definitive agreement to purchase the facility late last year.

The newly acquired facility is a cGMP manufacturing plant that produces a wide variety of high-quality sterile injectable drug products. The site and team have an excellent regulatory history with approvals from FDA, TGA, EU and others, to produce drugs for distribution to over 90 countries.

The 34,000 square metres facility has over 400 employees operating nine production lines across Oncology/High Potency, Blow-Fill-Seal and multi-format vial streams. Bridgewest Group will upgrade and modernise the plant to enhance capabilities and service offerings.

The plant will operate as a Contract Development and Manufacturing Organization (CDMO) moving forward and will continue to produce drug products for Pfizer under a master services agreement. 

Bridgewest Group is also acquiring a suite of drug products from Pfizer. Bridgewest Group will continue to manufacture and supply these sterile injectable drug products. The team is committed to all customers and their patients, previously served by Pfizer, to deliver the same high-quality drug products, without interruption. Customer satisfaction has always been and will continue to be a cornerstone of the Perth team.

This acquisition further extends Bridgewest Group's expertise in pharma. Bridgewest Group has several biotech and life sciences companies in its portfolio, including BioCina, a leading microbial drug CDMO based in Adelaide.

In connection with the company's continuing expansion in Western Australia, Bridgewest Group has formed the subsidiary Bridgewest Perth Pharma. Marc Rivers has agreed to join Bridgewest Perth Pharma as President and Chief Financial Officer. Rivers is a seasoned pharma executive and has served in several executive leadership roles at Fonterra, Roche and Eli Lilly.