Total of 140,000 Sq. Ft. Warehouse Expansion Completed, Cold Chain Expansion in Process
MILWAUKEE--(BUSINESS WIRE)--DDN, the largest privately-held provider of outsourced channel management and business services to the life science industry announced completion of an additional 140,000 square feet of temperature controlled space bringing its total Memphis footprint to one-half million sq. ft. The company also announced plans for further expansion of its cold chain storage capacity for controlled and non-controlled products.
DDN President Mark Wiesman said recent investments have been made in response to increasing demand for outsourced logistics and warehousing services from pharmaceutical, biotech and medical device companies. "In today's slow growth economy, life science manufacturers are taking a hard look at the best use of their resources. They're opting to outsource capital intensive warehousing and distribution infrastructure in order to free up cash for investments that will produce greater economic value."
Wiesman said DDN is uniquely positioned to provide these services. "Because we focus exclusively on this industry, we know where it's heading. We can make the right investments in infrastructure that will best support our clients' strategies. For us, that means continuing to invest in best-in-breed cold chain and tracking capabilities as the drug pipeline continues to shift towards biologics."
DDN's Memphis, Tenn. and Ontario, Calif. warehouses were recently approved for accreditation renewal by the National Association of Boards of Pharmacy (NABP) in its Verified-Accredited Wholesale Distributors' (VAWD) program and received certification for Current Good Manufacturing Practices (CGMP) for quality systems ensuring compliance with FDA regulations.
A subsidiary of the 153-year-old Dohmen Company, DDN is headquartered in Menomonee Falls, Wis., with distribution facilities located in Memphis, Tenn. and Ontario, Calif. DDN has become the largest privately held provider of outsourced channel management and business services to the life science industry by streamlining processes, reducing costs and improving efficiencies for emerging, mid-tier and market leading life science companies. By providing superior business processes and operations, DDN frees manufacturers' resources for R&D, acquisition and other core initiatives. For more information please call 888-374-8873 or visit www.ddnnet.com.