iBio Estimates ~500 Million Dose Capacity for COVID-19 Vaccine from its FastPharming Facility™
Originally Posted by :
- Company Expands Involvement in the Manufacturing USA® Network, Joining the National Institute for Innovation in Manufacturing Biopharmaceuticals -
NEW YORK , April 27, 2020 (GLOBE NEWSWIRE) -- iBio, Inc. (NYSE AMERICAN:IBIO) (“iBio” or the “Company”), a biologics contract manufacturing organization and biotechnology company, today provided an update on its COVID-19 vaccine manufacturing capacity and announced that it has joined the National Institute for Innovation in Manufacturing Biopharmaceuticals (“NIIMBL”), one of 14 institutes in the Manufacturing USA Network.
“If our own proprietary SARS-CoV-2 Virus-Like Particle (“VLP”) program, IBIO-200, results in an approved vaccine, we estimate that we could make about 500 million doses of high-quality product annually at our Texas facility, depending upon the potency we see in the clinic,” said Tom Isett, Co-Chairman & CEO of iBio.
“That scalability links directly to the modular technology behind our FastPharming Manufacturing System, which uses a relative of the tobacco plant as the 'bioreactor' to produce biopharmaceuticals,” continued Mr. Isett. “So, the amount of product generated by a single plant is consistent from research- to commercial-scale, and scale-up is achieved by simply growing thousands more plants within our 130,000 square foot facility. This is real innovation in the manufacture of biopharmaceuticals, thus our significant synergy with the NIIMBL community.”
Originally Posted by jdubya:
What am I missing? I have IBIO on my watch list and it moved from .88 to .91 today...my higher math isnt what it used to be but that isnt 44%
Originally Posted by lewdog:
Clay, is this really getting to $30 this time like you claimed?!
IBIO has the ONLY facility in the US that can mass manufacture the COVID-19 vaccine, and they just said "lol yeah, we can make 500 million like mcdonalds hamburgers"
I don't know if it will hit 30 but it hit 55 in in 2011 and was over 20 for a YEAR from 2010-2011. [Reply]
Originally Posted by Hammock Parties:
IBIO has the ONLY facility in the US that can mass manufacture the COVID-19 vaccine, and they just said "lol yeah, we can make 500 million like mcdonalds hamburgers"
I don't know if it will hit 30 but it hit 55 in in 2011 and was over 20 for a YEAR from 2010-2011.
So you're saying I should buy in during premarket trading? [Reply]
