Biotech company to create multiple new jobs at new facility in Deeside

A biotech company will create 50 new jobs after securing investment to support construction of a pharmaceutical manufacturing facility in Deeside, a news report in the local business media has been able to suggest.

The facility will cost £8m to construct, a substantial part of which has been funded by a syndicate of technology investors, including Maven Capital Partners, Seneca and Finance Wales. The Welsh Government is also providing a grant.

ADC Bio has developed a unique patented Lock-Release technology for the development and manufacture of antibody drug conjugates (ADC) group of cancer therapies which are designed to specifically target and kill tumour cells.

The new facility will allow the company to complete its move into clinical and commercial ADC manufacturing. A number of clients have already confirmed their commitment to using the site.

Charlie Johnson, chief executive at ADC Biotechnology, said: "The investment and development in the new facility will see the creation of a host of new, degree level and above jobs locally.

"We are very confident about orders and already have confirmation that many of our existing customers will use the new facility for future projects and we expect to add a number of new drug projects from companies in the USA and Europe."

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