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Economy and Business


Deal could keep drug manufacturing in Bedford
City Manager is "cautiously optimistic" new owner will continue manufacturing at Bedford facility
by WKSU's LYNDSEY SCHLEY


Reporter
Lyndsey Schley
 
Hikma Pharmaceuticals plans to purchase the Bedford Labs division.
Courtesy of Hikma Pharmaceuticals
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In The Region:

A northeast Ohio city is cautiously optimistic that one of its largest employers could soon be back at full strength.

Bedford City Manager Mike Mallis says London-based Hikma Pharmaceuticals contacted him today to say it plans to purchase the Ben Venue Laboratories facility as part of a takeover of the drug-maker’s Bedford Labs division.

Ben Venue had reduced its workforce from 1100 down to 300, with plans to close later this year. But Mallis says today’s announcement is a step in the right direction for the plant and the city of Bedford.

LISTEN: MALLIS ON LAB JOBS

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"We’re not necessarily out of the woods yet," Mallis says. "What I mean by that is we don’t anticipation 1100 employees coming back but we remain cautiously optimistic. We have full confidence in Hikma’s team that manufacturing with hopefully stay here."

Hikma purchased Ben Venue’s subsidiary Bedford Labs back in May with plans to move production out of northeast Ohio.

Ben Venue was one of the few U.S. producers of the cancer drug Doxil which has been in short supply since quality issues surfaced at the facility in 2011.

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