Stevanato Group (STVN) announced an expansion of its drug delivery system manufacturing capacity. As part of its footprint optimization plan, the company recently added a state-of-the-art production space for drug delivery devices to its facility in Bad Oeynhausen, northern Germany. This initiative provides more than 2,500 square meters of manufacturing capacity designed to serve global pharma and biotech partners seeking robust and resilient European supply-chain integration. The multi-million investment includes installation of an ISO 8 cleanroom environment, fully equipped for injection molding and automated assembly operations. These upgrades enable the site to support both Stevanato Group’s proprietary device production and contract manufacturing services enhancing operational flexibility, scalability, and speed-to-market across the company’s drug delivery systems portfolio.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STVN:
