Callan JMB to Break Ground on IV Bag Manufacturing Facility Fully Funded by Non-Dilutive and Non-Interest-Bearing Third-Party Partnership
Callan JMB announced it will break ground before the end of October on a $16 million IV bag manufacturing facility at the Atlas Complex in Marion, Alabama, fully funded by a third-party investment that is non-dilutive and non-interest-bearing. The facility is projected to generate $450 million in annual revenue once fully operational, including $300 million from standard IV bags and $150 million from premixed drug IV bags. Blueprints have been formally approved, and the project advances the company's pharmaceutical manufacturing initiative with Alabama State University and U.S.
Key figures
- Facility cost
- $16 million
- Projected annual revenue
- $450 million
- Projected premixed iv bag revenue
- $150 million
- Projected standard iv bag revenue
- $300 million
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