Rentschler Biopharma SE, a contract development and manufacturing organization for biopharmaceuticals, has signed an agreement to purchase a manufacturing facility from an affiliate Shire plc in Milford near Boston, MA.

Rentschler Biopharma will leverage the development and manufacturing site for CDMO services. Under the terms of the agreement, Rentschler Biopharma will continue to manufacture product for Shire at the site.

The closing of the transaction is subject to certain closing conditions. Financial terms were not disclosed.