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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&amp;redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D215587" target="_blank" link-data="{&quot;cms.site.owner&quot;:{&quot;_ref&quot;:&quot;00000164-904d-d794-ad6f-dcff6d680000&quot;,&quot;_type&quot;:&quot;ae3387cc-b875-31b7-b82d-63fd8d758c20&quot;},&quot;cms.content.publishDate&quot;:1688583396747,&quot;cms.content.publishUser&quot;:{&quot;_ref&quot;:&quot;00000166-b24b-de77-a7ff-bf7b0dc70000&quot;,&quot;_type&quot;:&quot;6aa69ae1-35be-30dc-87e9-410da9e1cdcc&quot;},&quot;cms.content.updateDate&quot;:1688583396747,&quot;cms.content.updateUser&quot;:{&quot;_ref&quot;:&quot;00000166-b24b-de77-a7ff-bf7b0dc70000&quot;,&quot;_type&quot;:&quot;6aa69ae1-35be-30dc-87e9-410da9e1cdcc&quot;},&quot;link&quot;:{&quot;attributes&quot;:[],&quot;target&quot;:&quot;NEW&quot;,&quot;url&quot;:&quot;https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&amp;redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D215587&quot;,&quot;_id&quot;:&quot;00000189-2769-d011-a3b9-276bdfec0000&quot;,&quot;_type&quot;:&quot;ff658216-e70f-39d0-b660-bdfe57a5599a&quot;},&quot;linkText&quot;:&quot;25 Olympia Ave.&quot;,&quot;deepLinkId&quot;:&quot;215587&quot;,&quot;disableRelation&quot;:false,&quot;_id&quot;:&quot;00000189-2769-d3de-abeb-eff9baa30000&quot;,&quot;_type&quot;:&quot;a02711fd-84cb-3e05-af9a-9cc94da9728a&quot;}" data-deep-link-type="property" data-deep-link-id="215587" data-disable-relation="false" data-match-data="{&quot;CountryCode&quot;:&quot;USA&quot;,&quot;MatchId&quot;:215587,&quot;MatchType&quot;:1,&quot;Location&quot;:{&quot;Latitude&quot;:42.500324,&quot;Longitude&quot;:-71.13079},&quot;Display&quot;:&quot;25 Olympia Ave, Woburn, MA 01801&quot;,&quot;Elements&quot;:{&quot;MatchId&quot;:0,&quot;MatchType&quot;:0,&quot;Locality&quot;:&quot;Woburn&quot;,&quot;Subdivision&quot;:&quot;MA&quot;,&quot;DisplayText2&quot;:&quot;Flex R\u0026D\t|\t43200.00 SF\t|\tBuilt in 1984&quot;,&quot;AddressID&quot;:&quot;80376&quot;,&quot;PropertyTypeId&quot;:&quot;7&quot;,&quot;PropertyType&quot;:&quot;Flex&quot;,&quot;PropertySubtypeId&quot;:&quot;2&quot;,&quot;ConstructionStatusId&quot;:&quot;1&quot;,&quot;YearBuilt&quot;:&quot;1984&quot;,&quot;imageUri&quot;:&quot;https://ahprd1cdn.csgpimgs.com/i2/wQZlb_3JRkhyvKuroIYrh-h3LLefoM0rzYg74lBPOLo/119/image.jpg&quot;,&quot;StreetNumber&quot;:&quot;25&quot;,&quot;StreetName&quot;:&quot;Olympia&quot;,&quot;StreetType&quot;:&quot;Ave&quot;,&quot;PostCode&quot;:&quot;01801&quot;,&quot;StateCD&quot;:&quot;MA&quot;,&quot;RBA&quot;:&quot;43200&quot;,&quot;BuildingClass&quot;:&quot;B&quot;},&quot;Radius&quot;:0}">25 Olympia Ave.</bsp-property-link> in Woburn, Massachusetts. (CoStar)
Continuus Pharmaceuticals canceled plans to renovate and construct a new manufacturing facility involving an existing shell building at 25 Olympia Ave. in Woburn, Massachusetts. (CoStar)
By CoStar News Staff
July 5, 2023 | 7:12 P.M.

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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.

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News | Pharmaceutical Firm Cancels Contract To Build Manufacturing Facility in Woburn, Massachusetts