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Societal CDMO Signs More Than $6M in Work Orders During 4Q22

Represents a key component of the company’s overall growth strategy, complementing its ongoing efforts to secure project wins with new customers.

Societal CDMO, Inc., a contract development and manufacturing organization (CDMO), has signed more than $6 million in work orders with existing customers during the fourth quarter of 2022. 
 
These orders involve work spanning the company’s entire range of CDMO service offerings including tech transfer, formulation, manufacturing and fill/finish, among others. Notably, the projects involved will be conducted across all three of its manufacturing facilities in Georgia and California. The signing of these work orders with existing customers represents a key component of the company’s overall growth strategy, complementing its ongoing efforts to secure project wins with new customers.
 
“During the fourth quarter, our business development and operations teams have remained busy driving the continued growth of our CDMO business. While attention is often focused on the signing of new customers, it is important to highlight that expanding the relationships we have with existing customers is another key contributor to revenue generation,” said David Enloe, CEO of Societal CDMO. “This breadth of recent program expansions and customized modifications highlights the trust that our customers have in Societal to meet their evolving contract development and manufacturing needs. Furthermore, it reinforces the significant value that is provided by both our full suite of CDMO capabilities as well as our bi-coastal presence, which are all being utilized in the execution of these work orders.”
 

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