Woodward Pharma Services en route to innovate in Puerto Rico
Woodward Pharma Services LLC (Woodward) confirmed it will relocate to Puerto Rico, as Woodward Specialty LLC, in early 2022 to provide services for the pharmaceutical industry. Woodward will be performing strategic value chain activities such as supply chain management – business development, managing contract manufacturers, inventory planning/management, quality assurance, etc. – in addition to intellectual property management.
Invest Puerto Rico worked with Woodward to relocate to Puerto Rico by providing guidance and counsel throughout each step of the expansion process and connecting them with value-added stakeholders.
Woodward is a specialized pharmaceutical company focused on acquiring, licensing, and commercializing branded and generic prescription drugs for the U.S. market. Their Puerto Rico operations will serve as a base and extension of their services for the industry to offer access to regulatory and quality assurance capabilities.
Woodward is already laying the foundation for its footprint. Recently, Ramonita Nazario, Director of Quality Assurance and a native Puerto Rican relocated to start operations. The hiring of local professionals with pharmaceutical and quality assurance expertise will begin shortly thereafter. The business will export services, undertaking expansion efforts in phases as they look to relocate some of their back-office functions from Michigan to Puerto Rico.
One of the main factors that determined Woodward’s decision to come to the island was the available, highly educated, service-oriented, and bilingual, human capital. Additionally, the importance of Puerto Rico’s mature bioscience sector, robust network of professional organizations, business-friendly environment, and quality of life were pivotal in the decision-making process. Additionally, as a U.S. jurisdiction nestled in the middle of the Caribbean, Puerto Rico has been – and continues to be – an essential social and economic bridge between the Americas, connecting businesses worldwide with ease.
InvestPR remains committed to supporting Woodward throughout the process and even after their operations are up and running.
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