{"id":727564,"date":"2023-02-01T07:08:18","date_gmt":"2023-02-01T12:08:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/"},"modified":"2023-02-01T07:08:18","modified_gmt":"2023-02-01T12:08:18","slug":"societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/","title":{"rendered":"Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Expansion in Scope of Projects Seen Across All CDMO Service Capabilities and Manufacturing Facilities; Addressing Evolving Customer Needs Through Customized Project Modifications<\/em><br \/>\n        \n      <\/p>\n<p align=\"center\">\n        <em>Existing Customer Wins Supplement Continued Momentum in Growing Business through Signing of New Customers <\/em>\n      <\/p>\n<p align=\"justify\">SAN DIEGO and GAINESVILLE, Ga., Feb.  01, 2023  (GLOBE NEWSWIRE) &#8212; Societal CDMO, Inc. (\u201cSocietal CDMO\u201d; NASD: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tUIUZVQP4PF3QEXRGrzWol6LTBUNRew6FM0odxtdwcJmWhGE0iNQEOZqoi5j6rmTLpkCwkDNpY40sWS6K7lZb3G78pSvxfM9pjFBOxxVAEA=\" rel=\"nofollow noopener\" target=\"_blank\">SCTL<\/a>), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges primarily in small molecule therapeutic development, today announced that it 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\u2019s 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\u2019s overall growth strategy, complementing its ongoing efforts to secure project wins with new customers.<\/p>\n<p align=\"justify\">\u201cDuring 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,\u201d said David Enloe, chief executive officer of Societal CDMO. \u201cThis 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.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Societal CDMO<\/strong><br \/>\n        <br \/>Societal CDMO (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=s56DU6aBzINw2drB00Re7QWEGRy8RA7wWULivC1MU__6ewfdknVidFBrc6L90x2zRt7tfpcEuefXxlLXyD-28pVz_A1q25hA7_kD_VlHv2A=\" rel=\"nofollow noopener\" target=\"_blank\">SCTL<\/a>) is a bi-coastal contract development and manufacturing organization (CDMO) with capabilities spanning pre-Investigational New Drug (IND) development to commercial manufacturing and packaging for a wide range of therapeutic dosage forms with a primary focus in the area of small molecules. With an expertise in solving complex manufacturing problems, Societal CDMO is a leading CDMO providing therapeutic development, end-to-end regulatory support, clinical and commercial manufacturing, aseptic fill\/finish, lyophilization, packaging and logistics services to the global pharmaceutical market.<\/p>\n<p align=\"justify\">In addition to our experience in handling DEA controlled substances and developing and manufacturing modified-release dosage forms, Societal CDMO has the expertise to deliver on our clients\u2019 pharmaceutical development and manufacturing projects, regardless of complexity level. We do all of this in our best-in-class facilities, which total 145,000 square feet, in Gainesville, Georgia and San Diego, California.<\/p>\n<p align=\"justify\">Societal CDMO: Bringing Science to Society. For more information about Societal CDMO\u2019s customer solutions, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hGYHyfIWkroMbKhx63871vsfQ6DfzmXqqYQuXPwOK2nTR7QDnwPs2Km3uoE_jGYClzy5_Fx3kPuf-J8Okv_01Q==\" rel=\"nofollow noopener\" target=\"_blank\">societalcdmo.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccould\u201d, \u201cestimate\u201d, \u201cupcoming\u201d, \u201cexpect,\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cplan\u201d, \u201cpredict\u201d, \u201cproject\u201d, \u201cwill\u201d and similar terms and phrases may be used to identify forward-looking statements in this press release. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Factors that could cause the company\u2019s actual outcomes to differ materially from those expressed in or underlying these forward-looking statements include risks and uncertainties associated with the ongoing economic and social consequences of the COVID-19 pandemic, including any adverse impact on the customer ordering patterns or inventory rebalancing or disruption in raw materials or supply chain; demand for the company\u2019s services, which depends in part on customers\u2019 research and development and the clinical plans and market success of their products; customers\u2019 changing inventory requirements and manufacturing plans; customers and prospective customers decisions to move forward with the company\u2019s manufacturing services; the average profitability, or mix, of the products the company manufactures; the company\u2019s ability to enhance existing or introduce new services in a timely manner; fluctuations in the costs, availability, and suitability of the components of the products the company manufactures, including active pharmaceutical ingredients, excipients, purchased components and raw materials, or the company\u2019s customers facing increasing or new competition. These forward-looking statements should be considered together with the risks and uncertainties that may affect our business and future results presented herein along with those risks and uncertainties discussed in our filings with the Securities and Exchange Commission at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XunhBYdWIfw0uUd-PRmJ_QoaQInKDvSPNiMguhAQVAjwNOk3tyHA9rt5UFeGuzbuysju3_1i5WhegeJdXyFiRA==\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov<\/a>. These forward-looking statements are based on information currently available to us, and we assume no obligation to update any forward-looking statements except as required by applicable law.<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MDM4MCM1Mzg1MTIwIzIwMTc0Mzg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YjBjMjc0NGItZWM0Zi00MDlmLThmZmItOWI1MzQ3MmU1ZmIyLTEwMjkwMTE=\/tiny\/Societal-CDMO-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contacts:\r\nStephanie Diaz (Investors)\r\nVida Strategic Partners\r\n415-675-7401\r\nsdiaz@vidasp.com\r\n\r\nTim Brons (Media)\r\nVida Strategic Partners\r\n415-675-7402\r\ntbrons@vidasp.com\r\n\r\nRyan D. Lake (CFO)\r\nSocietal CDMO\r\n770-531-8365\r\nryan.lake@societalcdmo.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Expansion in Scope of Projects Seen Across All CDMO Service Capabilities and Manufacturing Facilities; Addressing Evolving Customer Needs Through Customized Project Modifications Existing Customer Wins Supplement Continued Momentum in Growing Business through Signing of New Customers SAN DIEGO and GAINESVILLE, Ga., Feb. 01, 2023 (GLOBE NEWSWIRE) &#8212; Societal CDMO, Inc. (\u201cSocietal CDMO\u201d; NASD: SCTL), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges primarily in small molecule therapeutic development, today announced that it 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\u2019s entire range of CDMO service offerings including tech transfer, formulation, manufacturing and fill\/finish, among others. Notably, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-727564","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Expansion in Scope of Projects Seen Across All CDMO Service Capabilities and Manufacturing Facilities; Addressing Evolving Customer Needs Through Customized Project Modifications Existing Customer Wins Supplement Continued Momentum in Growing Business through Signing of New Customers SAN DIEGO and GAINESVILLE, Ga., Feb. 01, 2023 (GLOBE NEWSWIRE) &#8212; Societal CDMO, Inc. (\u201cSocietal CDMO\u201d; NASD: SCTL), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges primarily in small molecule therapeutic development, today announced that it 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\u2019s entire range of CDMO service offerings including tech transfer, formulation, manufacturing and fill\/finish, among others. Notably, &hellip; Continue reading &quot;Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-01T12:08:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MDM4MCM1Mzg1MTIwIzIwMTc0Mzg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022\",\"datePublished\":\"2023-02-01T12:08:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\\\/\"},\"wordCount\":801,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODc0MDM4MCM1Mzg1MTIwIzIwMTc0Mzg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\\\/\",\"name\":\"Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/","og_locale":"en_US","og_type":"article","og_title":"Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022 - Market Newsdesk","og_description":"Expansion in Scope of Projects Seen Across All CDMO Service Capabilities and Manufacturing Facilities; Addressing Evolving Customer Needs Through Customized Project Modifications Existing Customer Wins Supplement Continued Momentum in Growing Business through Signing of New Customers SAN DIEGO and GAINESVILLE, Ga., Feb. 01, 2023 (GLOBE NEWSWIRE) &#8212; Societal CDMO, Inc. (\u201cSocietal CDMO\u201d; NASD: SCTL), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges primarily in small molecule therapeutic development, today announced that it 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\u2019s entire range of CDMO service offerings including tech transfer, formulation, manufacturing and fill\/finish, among others. Notably, &hellip; Continue reading \"Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-01T12:08:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MDM4MCM1Mzg1MTIwIzIwMTc0Mzg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022","datePublished":"2023-02-01T12:08:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/"},"wordCount":801,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MDM4MCM1Mzg1MTIwIzIwMTc0Mzg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/societal-cdmo-highlights-growth-of-existing-customer-business-through-signing-of-more-than-6-million-in-work-orders-during-fourth-quarter-of-2022\/","name":"Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022 - 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