Tuesday, July 12, 2005

 

Planet Biotechnology and LSBC team up

News came out today that LSBC would be processing this years crop for Planet Biotechnology in Owensboro. This collaboration seems to be a pretty good fit. LSBC has a plant with nothing to make and Planet Biotechnology has a solid product but no biomanufacturing capabilities or experience. It will be interesting going forward seeing whether or not PBPB will develop its own manufacturing capabilities or rely on others for that work. Their CaroRx product is nearing commercialization and is probably the product in the PMP world closest to having a REAL demand for large-scale quantities. As LSBC continues shedding parts and IP for cash, I wonder where (or whose hands) their manufacturing plant will end up in? Here is a link to the article on Yahoo. I am willing to bet that tomorrow there will be a story in the Messenger-Inquirer about this so I'll go ahead and post a link to that paper now. I'll even bet it will be written by Keith Lawrence. It's always fun seeing what kind of spin this kind of thing gets in a local newspaper, especially with Owensboro Gung-Ho about biotechnology.
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