Continuus Pharmaceuticals, a spinout from the Massachusetts Institute of Technology that planned to build a new manufacturing facility in Woburn, Massachusetts, canceled its construction contract for the project valued at $112 million. The cancellation was announced by the global construction firm Skanska, which had been selected to build the new complex.
Pharmaceutical Firm Cancels Contract To Build Manufacturing Facility in Woburn, Massachusetts
Continuus Pharmaceuticals Calls Off Plans for New Project Valued at $112 Million
![Continuus Pharmaceuticals canceled plans to renovate and construct a new manufacturing facility involving an existing shell building at <bsp-property-link href="https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D215587" target="_blank" link-data="{"cms.site.owner":{"_ref":"00000164-904d-d794-ad6f-dcff6d680000","_type":"ae3387cc-b875-31b7-b82d-63fd8d758c20"},"cms.content.publishDate":1688583396747,"cms.content.publishUser":{"_ref":"00000166-b24b-de77-a7ff-bf7b0dc70000","_type":"6aa69ae1-35be-30dc-87e9-410da9e1cdcc"},"cms.content.updateDate":1688583396747,"cms.content.updateUser":{"_ref":"00000166-b24b-de77-a7ff-bf7b0dc70000","_type":"6aa69ae1-35be-30dc-87e9-410da9e1cdcc"},"link":{"attributes":[],"target":"NEW","url":"https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D215587","_id":"00000189-2769-d011-a3b9-276bdfec0000","_type":"ff658216-e70f-39d0-b660-bdfe57a5599a"},"linkText":"25 Olympia Ave.","deepLinkId":"215587","disableRelation":false,"_id":"00000189-2769-d3de-abeb-eff9baa30000","_type":"a02711fd-84cb-3e05-af9a-9cc94da9728a"}" data-deep-link-type="property" data-deep-link-id="215587" data-disable-relation="false" data-match-data="{"CountryCode":"USA","MatchId":215587,"MatchType":1,"Location":{"Latitude":42.500324,"Longitude":-71.13079},"Display":"25 Olympia Ave, Woburn, MA 01801","Elements":{"MatchId":0,"MatchType":0,"Locality":"Woburn","Subdivision":"MA","DisplayText2":"Flex R\u0026D\t|\t43200.00 SF\t|\tBuilt in 1984","AddressID":"80376","PropertyTypeId":"7","PropertyType":"Flex","PropertySubtypeId":"2","ConstructionStatusId":"1","YearBuilt":"1984","imageUri":"https://ahprd1cdn.csgpimgs.com/i2/wQZlb_3JRkhyvKuroIYrh-h3LLefoM0rzYg74lBPOLo/119/image.jpg","StreetNumber":"25","StreetName":"Olympia","StreetType":"Ave","PostCode":"01801","StateCD":"MA","RBA":"43200","BuildingClass":"B"},"Radius":0}">25 Olympia Ave.</bsp-property-link> in Woburn, Massachusetts. (CoStar)](https://costar.brightspotcdn.com/dims4/default/96df4a6/2147483647/strip/true/crop/2048x1168+0+0/resize/2048x1168!/quality/100/?url=http%3A%2F%2Fcostar-brightspot.s3.us-east-1.amazonaws.com%2F75%2F97%2F9a5b04c847c6b5c870ef83ab2da2%2F25-olympia.jpg)
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- Properties
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- Skanska
Construction