MedWatch

Corona vaccine production makes for record year at AGC Biologics in Denmark

As Covid-19 vaccine orders flooded in, contract manufacturer AGC Biologics achieved a record year in 2021, during which Danish revenue surpassed USD 300m and the bottom line more than doubled.

AGC Biologic's factory in Søborg, Greater Copenhagen, is currently being expanded. | Photo: AGC Biologics

The corona pandemic ended up being a good business opportunity for contract manufacturer (CDMO) AGC Biologics.

The 2021 financial report for the global firm’s Danish division states that revenue generated in the country increased by DKK 730m (USD 100m) to DKK 2.2bn (USD 302m), a figure which represents a 50% increase on 2020’s revenue and more than a doubling of the 2019 bottom line.

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