Lifecore Biomedical Lands Major Global Pharma Deal to Make Injectable Drug in the US

Lifecore Biomedical, Inc. (NASDAQ:LFCR) ("Lifecore"), a fully integrated contract development and manufacturing organization ("CDMO"), today announced that it has signed a CDMO master services agreement with a new large global pharmaceutical customer. Under the terms of the agreement, Lifecore will conduct development services and tech transfer for an injectable pharmaceutical product with the intent to transfer commercial supply from facilities overseas to Lifecore's facilities. Once commercial transfer activities are complete and all regulatory requirements are satisfied, Lifecore expects to become the commercial supplier of choice for the product.

This is the second agreement that Lifecore has signed in the past three months with a multinational pharmaceutical company. Based on the current commercial revenues for this latest program, the new partner has the potential to become one of Lifecore's top five commercial customers.

"As we close 2025, we cannot be more excited to experience the momentum that has been generated by our talented business development team. Attracting and winning new business from two prominent pharmaceutical companies in quick succession speaks to our team's ability to communicate our competitive differentiation in quality, technical expertise, and reliability for sterile injectables," said Paul Josephs, chief executive officer of Lifecore. "We greatly appreciate the trust being placed in our company by our new partner, and we're excited to continue to become a more impactful organization while improving healthcare outcomes."