Government & Politics  March 5, 2020

AstraZeneca financial docs confirm Japanese firm could buy Boulder plant

BOULDER — Last month the Colorado Economic Development Commission approved a series of tax incentives to help an unnamed company take over the vacant AstraZeneca PLC plant in Boulder. At the time, BizWest speculated that the unnamed firm was likely Japanese contract drug maker AGC Biologics. AstraZeneca confirmed those suspicions this week.

Buried nearly 200 pages into the firm’s recently released annual report is a direct reference to AGC and the Boulder plant at 5550 Airport Blvd. 

The two firms “signed a letter of intent Nov. 27, 2019, to sell the facility to AGC Bio, with…

Ken Amundson retired from his position as managing editor of BizWest in May 2024 but has come back on a limited basis to report business news in Northern Colorado and the Boulder Valley. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes north of Denver. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.

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