Feb 2013

Sale of a Mammalian Cell Culture Biologics Drug Substance Facility

Genmab Brooklyn Park

PharmaBioSource Realty provided real estate services to Genmab on the sale of its 215,000 SF Brooklyn Park, Minnesota mammalian cell culture biologics drug substance facility to Baxter.

  • Service: Real Estate
  • Sector: Biotechnology
  • Sub-sector: Mammalian Cell Culture Drug Substance
  • Engagement Type: Sell Side

PharmaBioSource Realty provided exclusive life sciences real estate services to divest Genmab’s mammalian cell culture drug substance facility near Minneapolis. The facility houses 2 x 20,000L and 2 x 1,000L bioreactors with associated downstream suites, QC laboratories, offices and GMP warehouse space.

PharmaBioSource Realty’s services included a benchmark valuation, buyer target identification, creation of the confidential information memorandum (CIM), data room development and due diligence support. 

Press Release