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Frontage Hldgs (FTHCY) Stock News

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Frontage Holdings Corporation reports developments tied to its global contract research organization operations through Frontage Laboratories, Inc. The company provides integrated drug-development services for biopharmaceutical clients, including drug metabolism and pharmacokinetics, analytical testing and formulation development, clinical trial material manufacturing, bioanalysis, preclinical safety and toxicology assessment, and early phase clinical studies.

Recurring news for FTHCY includes CRDMO facility expansion, regional operating leadership in Canada and Asia-Pacific, completed acquisitions that add bioanalytical, DMPK, analytical chemistry, microbiology and toxicology capabilities, and collaborations involving early phase clinical trial services.

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Frontage Holdings Corporation (OTC:FTHCY) has announced the appointment of Dr. Abdul Mutlib as President of Frontage Laboratories, Canada, marking a strategic expansion of its services in the Canadian market. Dr. Mutlib, who will continue his role as Chief Scientific & Strategy Officer, will oversee operations in Toronto and Vancouver, reporting to Co-CEO Dr. Wentao Zhang.

With over 35 years of R&D experience in pharmaceutical and CRO sectors, Dr. Mutlib will focus on establishing Frontage as a key partner for Canada's growing biotech industry. The appointment aligns with Frontage's strategy to enhance its position as a leading global pharmaceutical Contract Research Organization (CRO).

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Frontage Laboratories (FTHCY) has unveiled a new 46,300-square-foot GMP CRDMO facility in Exton, Pennsylvania, marking a significant expansion of its pharmaceutical and biotech services. The state-of-the-art facility features nine GMP suites, including two high-potent suites, two aseptic suites, and five non-sterile suites, supporting diverse manufacturing capabilities for various pharmaceutical formulations. The facility also includes two formulation development labs and three analytical labs, offering comprehensive services from drug development to clinical trial support. This expansion complements Frontage's existing services in drug substance synthesis, DMPK, safety & toxicology studies, bioanalysis, and clinical trials, positioning the company as a one-stop solution provider for pharmaceutical and biotech clients.
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Frontage Holdings Corporation has announced the promotions of Dr. Abdul Mutlib to CEO and Dr. John Lin to President as of January 3, 2023. Dr. Mutlib has over 12 years of experience with Frontage, leading the Preclinical business, while Dr. Lin has been with the company for over 15 years, focusing on Bioanalytical and Biologics services. Founder Dr. Song Li remains Executive Chairman, emphasizing a focus on strategic growth. The leadership changes aim to enhance operational performance and prepare for future expansion, leveraging their extensive industry experience.

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Frontage Laboratories announced a collaboration with Eisai and Biogen to support the bioanalysis of lecanemab (BAN2401) in a phase 3 study for Alzheimer's disease.

The study met aggressive timelines, showcasing Frontage's commitment to addressing medical needs. Notably, the study has delivered favorable results as highlighted in a presentation on November 29, 2022.

Frontage's scientific team contributed to biomarker analysis, reinforcing their role in global clinical research.

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