Paragon Bioservices

About:

Founded in 1990, Paragon Bioservices is a CDMO whose focus is complex biopharmaceuticals (AAV, oncolytic virus, next-generation vaccines).

Website: http://paragonbioservices.com

Twitter/X: paragonbio

Top Investors: NewSpring, Camden Partners

Description:

Paragon Bioservices is an industry-leading, private-equity backed contract development and manufacturing organization (CDMO) whose focus is the development and manufacturing of cutting-edge biopharmaceuticals. Paragon aims to build strong client partnerships with the world’s best biotech and pharma companies, focusing on transformative technologies, including gene therapies (AAV), next-generation vaccines, oncology immunotherapies (oncolytic viruses and CAR-T cell therapies), therapeutic proteins, and other complex biologics. The Company’s customer base has also transitioned from primarily substantial government contracts to now focus almost 100% on commercial activity servicing the biotech marketplace. The Company has retained Paragon’s core scientific talent while expanding its leadership team with new key senior hires who have a proven track record in GMP manufacturing. Each member of the current leadership team has over 20 years of industry experience and serves as the Company’s foundation to build a dominant CDMO in Maryland. Paragon now provides complete manufacturing services from process development and clinical manufacturing through commercial launch at its new 150,000 ft2 facility.

Total Funding Amount:

$20M

Estimated Revenue Range:

$50M to $100M

Headquarters Location:

Baltimore, Maryland, United States

Founded Date:

1990-01-01

Founders:

Marco A. Chacón

Number of Employees:

251-500

Last Funding Date:

2018-08-14

IPO Status:

Private

Industries:

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