Alpha Capital LLC and OncoGenerix Announce New Pharmaceutical Factory in the US

2020-8-7 11:03

Coinspeaker
Alpha Capital LLC and OncoGenerix Announce New Pharmaceutical Factory in the US

Novel and generics pharma producer OncoGenerix and Alpha Capital LLC have come to an agreement to build a new injectable pharmaceutical factory in the US.  The production facility will serve as an affiliate factory, similar to the one that OncoGenerix already operates in China. Alpha Capital LLC is considering a Georgia Opportunity Zone as the location for the new plant. The output capacity of the project is expected to reach 20 million vials of injectable oncology products and vaccines.

Earlier this year, Alpha Capital, LLC launched an international capital raise to secure a substantial stake in OncoGenerix, which recently completed a state-of-the-art pharmaceuticals factory in Mudanjiang Province, China. The offering is a first-of-its-kind digital investment opportunity – tokenized ownership of a pharmaceutical facility. Alpha Capital, LLC is offering up to 500 million ONGX Tokens at US $0.12 per token and a US onshore offering of shares in Alpha Capital’s special purpose vehicle. The ONGX Tokens are built on the ERC20 blockchain protocol, serve as a SAFE (simple agreement for future equity), and will be exchangeable at the option of the investor for equity-token securities.

Alpha Capital LLC’s co-founder and CEO Colin Breeze said:

“Our joint work with OncoGenerix is helping to bring new pharma production capacity to US soil. The planned facility will be able to alleviate substantial shortages, as well as increase injectable–liquids and vaccines–manufacturing capability. It’s been hard in the past for independent investors to enter the pharmaceutical industry as building pharma production capacity takes substantial investments of financial capital and time. Individual investors typically were only able to access this vertical via publicly traded securities. The ONGX Token makes it possible for individual investors to step in earlier, while reducing the investment ticket size by orders of magnitude.”

Oleksandr Zabudkin, CEO of OncoGenerix, said:

“We are excited to extend our manufacturing capacity to the United States together with Alpha Capital and look forward to helping solve existing oncology drug shortages to support the US market.”

OncoGenerix’s manufacturing services include technical transfer, process development, scale-up, equipment and process validation, formulation, filling, lyophilization, inspection, labeling, and packaging. OncoGenerix combines sterile drug manufacturing to deliver compliant and cost-effective drug production.

About Oncogenerix

As a provider for the next generation of good manufacturing practices compliant and high-quality manufacturing services for injectable products, OncoGenerix offers extensive experience in supplying high-quality injectable drug product sterile manufacturing services. OncoGenerix’s services represent the entire pharma cycle, from early-stage drug development to global commercial supply. Visit the website for more information.

Under Rule 506(c), a general solicitation of offerings is permitted, however, purchasers in a Rule 506(c) offering must be “accredited investors.” This press release does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful.  The ONGX Tokens have not been registered under the Act, or any state securities laws and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements under the Act and applicable state securities laws.

Alpha Capital LLC and OncoGenerix Announce New Pharmaceutical Factory in the US

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0024192 (-100%)

new factory alpha pharmaceutical capital oncogenerix announce

new factory → Результатов: 31


Zabo raises $2.5M to connect crypto wallet accounts to financial service apps

Zabo, which enables any financial services company to connect to users’ cryptocurrency wallets in a few lines of code, today announced it has raised $2. 5 million in new funding. The round was led by Moonshots Capital with participation from Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, Capital Factory, and others.

2020-3-7 18:11


Фото:

ConsenSys, Harvard, and Levi Strauss to Build Blockchain-Based Factory Safety Solutions

According to a press release published on January 24, 2019, a think tank comprising of Harvard University’s public health graduate school, New America, Levi Strauss Foundation, and blockchain startup ConsenSys have been awarded a federal grant worth $800,000 to develop DLT-powered solutions to track health and well-being records of factory workers.

2019-1-27 14:00


Blockchain to Help American Clothing Company Levi Strauss with Harvard University to Help Factory Safety

Levi Strauss $ Co announced a collaboration with Harvard University and New America think tank to develop a blockchain factory system. The information was released by Reuters on January 24. According to Reuters, the system will be replacing external factory health and safety auditors with a self-reporting infrastructure by the workers. As Dr. Eileen McNeely, […]

2019-1-25 00:29


Фото:

Bitmain Pauses Texas Mining Operations, County Officials Report

According to reports from media outlet Texas Public Radio, the Chinese mining giant Bitmain Technologies has reportedly suspended operations in the town of Rockdale. Bitmain started to build up its new facility at a former aluminum smelting factory last summer, but since the crypto economy downturn, the company’s operations at the Texas factory have allegedly paused.

2019-1-14 06:30


Blockchain App Factory Expands Offerings Into ICO’s and STOs

India-based Blockchain App Factory has announced the expansion of its offerings, releasing their new Security Token and White-label Exchange Development services. Disclosure: This is a Sponsored Article Blockchain App Factory details The project already caters to over 25 clients within the blockchain space including companies like Li & Fung, an almost 120 year-old global supply […] The post Blockchain App Factory Expands Offerings Into ICO’s and STOs appeared first on NullTX.

2018-9-16 17:30


Blockchain App Factory Moves into Security Token Offering Development (STO)

Bitcoin Press Release: Blockchain App Factory, an enterprise, technology services, and solutions provider for Blockchain startups announce new STO services. September 11th, 2018, India – Blockchain App Factory, an end-to-end permissioned and crypto blockchain solutions company, is expanding its offering by launching Security Token and White-label Exchange Development services.

2018-9-11 09:24