CSL Limited: Difference between revisions
Paul McKenzie replaced Paul Perreault as CEO on the 6th of March 2023 |
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{{Short description|Australian biotechnology company}} |
{{Short description|Australian biotechnology company}} |
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{{About |Australian biotech company |other companies named CSL |CSL (disambiguation)}} |
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{{Use dmy dates|date=December 2022}} |
{{Use dmy dates|date=December 2022}} |
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{{Multiple issues| |
{{Multiple issues| |
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{{update|date=November 2020}} |
{{update|date=November 2020}} |
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{{Infobox company |
{{Infobox company |
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| name = CSL Limited |
| name = CSL Limited |
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| industry = [[Biotechnology]] |
| industry = [[Biotechnology]] |
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| products = [[blood plasma]], [[vaccination|vaccines]], [[antivenom]], other laboratory and medical products |
| products = [[blood plasma]], [[vaccination|vaccines]], [[antivenom]], other laboratory and medical products |
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| revenue = |
| revenue = {{currency|14.8 billion|passthrough=yes}} (2024)<ref name="AR2122"/> |
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| net_income = {{profit}} |
| net_income = {{profit}} {{currency|2.91 billion|passthrough=yes}} (2024)<ref name="AR2122">{{cite web|url=https://investors.csl.com/annualreport/2022/4/|date=April 2022|access-date=29 March 2023|title=CSL Annual Report 2021/22|publisher=CSL Limited}}</ref> |
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| num_employees = |
| num_employees = 32,000 (2024)<ref name="AR2122"/> |
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| divisions = {{Unbulleted list|CSL Behring|CSL |
| divisions = {{Unbulleted list|[[CSL Behring]]|[[CSL Plasma]]|[[CSL Seqirus]]|[[CSL Vifor]]}} |
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| homepage = {{URL|https://www.csl.com/}} |
| homepage = {{URL|https://www.csl.com/}} |
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}} |
}} |
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'''CSL Limited''' is an Australian [[Multinational corporation|multinational]] specialty [[biotechnology]] company that researches, develops, manufactures, and markets products to treat and prevent serious human medical conditions. CSL's product areas include [[blood plasma]] derivatives, [[vaccination|vaccines]], [[antivenom]], and cell culture reagents used in various medical and genetic research and manufacturing applications.<ref>{{cite web |url= http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CSL:AU |archive-url= https://archive.today/20130118153023/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CSL:AU |url-status= dead |archive-date= 18 January 2013 |title=CSL LTD (CSL:ASX): Stock Quote & Company Profile|work=Bloomberg Businessweek|access-date=13 August 2012}}</ref> |
'''CSL Limited''' is an Australian [[Multinational corporation|multinational]] specialty [[biotechnology]] company that researches, develops, manufactures, and markets products to treat and prevent serious human medical conditions. CSL's product areas include [[blood plasma]] derivatives, [[vaccination|vaccines]], [[antivenom]], and cell culture reagents used in various medical and genetic research and manufacturing applications.<ref>{{cite web |url= http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CSL:AU |archive-url= https://archive.today/20130118153023/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CSL:AU |url-status= dead |archive-date= 18 January 2013 |title=CSL LTD (CSL:ASX): Stock Quote & Company Profile|work=Bloomberg Businessweek|access-date=13 August 2012}}</ref> The company was established in 1916 as '''Commonwealth Serum Laboratories''' and was wholly owned by the Australian federal government until its privatisation in 1994. |
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== History == |
== History == |
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=== Origin and Penfold directorship === |
=== Origin and Penfold directorship === |
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CSL was founded in 1916 as |
CSL was founded in 1916 as Commonwealth Serum Laboratories, an Australian government body focused on vaccine manufacture.<ref>{{Cite web|title=Trove|url=https://trove.nla.gov.au/people/1476740?c=people|access-date=2020-09-22|website=trove.nla.gov.au}}</ref> Under the first director, William Penfold,<ref>{{Cite book|url=http://adb.anu.edu.au/biography/penfold-william-james-8015|title=Penfold, William James (1875–1941)|last=Robin|first=A. De Q.|publisher=National Centre of Biography, Australian National University|location=Canberra}}</ref> CSL commenced operation in the vacant [[Walter and Eliza Hall Institute of Medical Research|Walter and Eliza Hall Institute]] building at the [[Royal Melbourne Hospital]] in 1918 before moving to its purpose-built Parkville premises in the following year. |
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=== Morgan directorship === |
=== Morgan directorship === |
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After ongoing disputes with the |
After ongoing disputes with the [[Department of Health (1921–1987)|Department of Health]] and its director-general [[John Cumpston]], Penfold resigned in 1927 and was replaced by Frederic Morgan.<ref>{{Citation|last=Egan|first=Bryan|title=Morgan, Frederick Grantley (1891–1969)|url=http://adb.anu.edu.au/biography/morgan-frederick-grantley-11164|work=Australian Dictionary of Biography|place=Canberra|publisher=National Centre of Biography, Australian National University|access-date=2020-09-22}}</ref> Soon after Morgan's appointment, CSL was drawn into a serious public health disaster when a batch of its [[diphtheria]] toxin-antitoxin was implicated in the deaths of twelve children in what became known as the [[Bundaberg tragedy]] of 1928. Although CSL's manufacturing processes were absolved, its labelling procedures were seen to be in error, leading to an enduring focus on the highest standards across the facility's production.<ref>{{Cite web|url=http://nla.gov.au/nla.news-article195229589|title=BUNDABERG TRAGEDY, Daily Examiner|date=14 June 1928|pages=3|via=Trove}}</ref> |
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=== Antivenene research and production === |
=== Antivenene research and production === |
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In 1928, CSL also became involved in [[wiktionary:anti-venene|antivenene]] ([[antivenom]]) manufacture in conjunction with the snake venom research undertaken by [[Charles Kellaway]] at the Hall Institute.<ref>{{Cite journal|last1=Hobbins|first1=Peter G.|last2=Winkel|first2=Kenneth D.|date=2007-12-03|title=The forgotten successes and sacrifices of Charles Kellaway, director of the Walter and Eliza Hall Institute, 1923–1944|url=https://www.mja.com.au/journal/2007/187/11/forgotten-successes-and-sacrifices-charles-kellaway-director-walter-and-eliza|journal=The Medical Journal of Australia|language=en|volume=187|issue=11|pages=645–648|doi=10.5694/j.1326-5377.2007.tb01457.x|pmid=18072902|s2cid=23444263}}</ref> This led to the successful clinical testing of antivenene against tiger snake ''[[Notechis scutatus]]'' bite in 1930 |
In 1928, CSL also became involved in [[wiktionary:anti-venene|antivenene]] ([[antivenom]]) manufacture in conjunction with the snake venom research undertaken by [[Charles Kellaway]] at the Hall Institute.<ref>{{Cite journal|last1=Hobbins|first1=Peter G.|last2=Winkel|first2=Kenneth D.|date=2007-12-03|title=The forgotten successes and sacrifices of Charles Kellaway, director of the Walter and Eliza Hall Institute, 1923–1944|url=https://www.mja.com.au/journal/2007/187/11/forgotten-successes-and-sacrifices-charles-kellaway-director-walter-and-eliza|journal=The Medical Journal of Australia|language=en|volume=187|issue=11|pages=645–648|doi=10.5694/j.1326-5377.2007.tb01457.x|pmid=18072902|s2cid=23444263}}</ref> This led to the successful clinical testing of antivenene against tiger snake ''[[Notechis scutatus]]'' bite in 1930 and its commercial release in 1931. |
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In 1934, the research on snake venoms was transferred from the Hall Institute to CSL under the direction of former snake showman and herpetologist Tom "Pambo" Eades. This represented the initiation of research at the laboratories – an outcome its directors had been seeking for over a decade. The relationship with the Hall Institute continued until World War II, particularly via joint projects on viral diseases including [[polio]] and [[influenza]] coordinated by [[Frank Macfarlane Burnet]] and Esmond "Bill" Keogh. Keogh played an important role in the establishment of [[penicillin]] production at CSL in 1944 – a critical wartime achievement.<ref>{{cite journal|url=http://adb.anu.edu.au/biography/keogh-esmond-venner-bill-10724|title=Keogh, Esmond Venner (Bill) (1895–1970)|journal= Australian Dictionary of Biography|volume=15|year=2000|first1=Lyndsay|last1=Gardiner|first2=Geoffrey|last2=Serle|publisher=National Centre of Biography, [[Australian National University]]}}</ref> |
In 1934, the research on snake venoms was transferred from the Hall Institute to CSL under the direction of former snake showman and herpetologist Tom "Pambo" Eades. This represented the initiation of research at the laboratories – an outcome its directors had been seeking for over a decade. The relationship with the Hall Institute continued until World War II, particularly via joint projects on viral diseases including [[polio]] and [[influenza]] coordinated by [[Frank Macfarlane Burnet]] and Esmond "Bill" Keogh. Keogh played an important role in the establishment of [[penicillin]] production at CSL in 1944 – a critical wartime achievement.<ref>{{cite journal|url=http://adb.anu.edu.au/biography/keogh-esmond-venner-bill-10724|title=Keogh, Esmond Venner (Bill) (1895–1970)|journal= Australian Dictionary of Biography|volume=15|year=2000|first1=Lyndsay|last1=Gardiner|first2=Geoffrey|last2=Serle|publisher=National Centre of Biography, [[Australian National University]]}}</ref> |
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* production of Rhesus (D) immunoglobulin to prevent haemolytic disease in newborns due to [[Rh disease|Rh factor incompatibility]] (1966–67) |
* production of Rhesus (D) immunoglobulin to prevent haemolytic disease in newborns due to [[Rh disease|Rh factor incompatibility]] (1966–67) |
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* pioneering heat treatment to protect blood and plasma products from infection with [[HIV]] (1983) |
* pioneering heat treatment to protect blood and plasma products from infection with [[HIV]] (1983) |
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* collaboration on development of the world's first [[human papillomavirus]] vaccine, [[Gardasil]], building on the pioneering work by [[Ian Frazer|Professor Ian Frazer]] ( |
* collaboration on development of the world's first [[human papillomavirus]] vaccine, [[Gardasil]], building on the pioneering work by [[Ian Frazer|Professor Ian Frazer]] (1994–2005).<ref>{{cite web|url=https://www.uniquest.com.au/filething/get/8631/Gardasil%20Commercialisation%20Story.pdf|title=A global solution to reducing cervical cancer|website=Uniquest commercialisation stories|publisher=The University of Queensland|access-date=29 April 2016}}</ref> |
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=== Privatisation === |
=== Privatisation === |
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In October 2014, [[Novartis]] announced its intention to sell its influenza vaccine business, including its development pipeline, to CSL for $275 million. CSL merged it into its BioCSL operation.<ref>{{cite web|first=Alex|last=Phillipidis|url=http://www.genengnews.com/gen-news-highlights/novartis-selling-flu-vaccine-business-to-csl-for-275m/81250520/|title=Novartis Selling Flu Vaccine Business to CSL for $275M|work=Genetic Engineering & Biotechnology News|date=27 October 2014|access-date=22 May 2020}}</ref> |
In October 2014, [[Novartis]] announced its intention to sell its influenza vaccine business, including its development pipeline, to CSL for $275 million. CSL merged it into its BioCSL operation.<ref>{{cite web|first=Alex|last=Phillipidis|url=http://www.genengnews.com/gen-news-highlights/novartis-selling-flu-vaccine-business-to-csl-for-275m/81250520/|title=Novartis Selling Flu Vaccine Business to CSL for $275M|work=Genetic Engineering & Biotechnology News|date=27 October 2014|access-date=22 May 2020}}</ref> |
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In November 2015, BioCSL rebranded the combined business with Novartis Influenza Vaccines as ''Seqirus'' [Sek-eer-us] creating the world's second |
In November 2015, BioCSL rebranded the combined business with Novartis Influenza Vaccines as ''Seqirus'' [Sek-eer-us], creating the world's second-largest influenza vaccine company.<ref>[http://www.csl.com.au/Seqirus.htm Sequirus] Commonwealth Serum Laboratories</ref> |
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In August 2017, the business announced it would acquire Calimmune and its stem cell therapy platform.<ref>{{cite press release |title=CSL Behring Acquires Biotech Company Calimmune and its Proprietary Stem Cell Gene Therapy Platform |url=https://investors.csl.com/site/PDF/f00cb92f-cb30-4ed5-a5db-40a2c960f233/CSLBehringAcquiresUSBiotechCompanyCalimmune |publisher=CSL |date=2017-08-06 |access-date=2021-12-15}}</ref> |
In August 2017, the business announced it would acquire Calimmune and its stem cell therapy platform.<ref>{{cite press release |title=CSL Behring Acquires Biotech Company Calimmune and its Proprietary Stem Cell Gene Therapy Platform |url=https://investors.csl.com/site/PDF/f00cb92f-cb30-4ed5-a5db-40a2c960f233/CSLBehringAcquiresUSBiotechCompanyCalimmune |publisher=CSL |date=2017-08-06 |access-date=2021-12-15}}</ref> |
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Completed in 2018, Seqirus's Holly Spring, NC, plant was funded with $59 million from the U.S. government.<ref>{{cite news|last=Willman|first=David|url=https://www.washingtonpost.com/investigations/federal-vaccine-development-sites-ill-suited-to-counter-covid-19-epidemic/2020/03/15/34e8586c-63c4-11ea-acca-80c22bbee96f_story.html|title=Federal vaccine development sites ill-suited to counter covid-19 epidemic|newspaper=The Washington Post|date=15 March 2020|access-date=15 March 2020}}</ref> |
Completed in 2018, Seqirus's Holly Spring, NC, the plant was funded with $59 million from the U.S. government.<ref>{{cite news|last=Willman|first=David|url=https://www.washingtonpost.com/investigations/federal-vaccine-development-sites-ill-suited-to-counter-covid-19-epidemic/2020/03/15/34e8586c-63c4-11ea-acca-80c22bbee96f_story.html|title=Federal vaccine development sites ill-suited to counter covid-19 epidemic|newspaper=The Washington Post|date=15 March 2020|access-date=15 March 2020}}</ref> |
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in June 2020 CSL announced it would exercise its right to acquire Vitaeris.<ref>{{cite press release |title=CSL to Acquire Biotech Company Vitaeris |url=https://investors.csl.com/site/PDF/471311e9-12c0-4075-8f46-d595377b96d2/CSLtoAcquireBiotechCompanyVitaeris |publisher=CSL |date=2020-09-06 |access-date=2021-12-15}}</ref> |
in June 2020, CSL announced it would exercise its right to acquire Vitaeris.<ref>{{cite press release |title=CSL to Acquire Biotech Company Vitaeris |url=https://investors.csl.com/site/PDF/471311e9-12c0-4075-8f46-d595377b96d2/CSLtoAcquireBiotechCompanyVitaeris |publisher=CSL |date=2020-09-06 |access-date=2021-12-15}}</ref> |
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In December 2021 the business announced it would acquire Swiss drugmaker, [[Vifor Pharma]] AG, for $11.7 billion.<ref>{{cite web|url=https://www.reuters.com/markets/europe/australias-csl-buy-swiss-drugmaker-vifor-117-billion-2021-12-13/|date=2021-12-14|access-date=2021-12-15|title=Australia's CSL to buy Swiss drugmaker Vifor for $11.7 bln|first1=Nikhil|last1=Nainan|first2=Silke|last2=Koltrowitz|first3=Scott|last3=Murdoch|work=Reuters}}</ref> |
In December 2021, the business announced it would acquire Swiss drugmaker, [[Vifor Pharma]] AG, for $11.7 billion.<ref>{{cite web|url=https://www.reuters.com/markets/europe/australias-csl-buy-swiss-drugmaker-vifor-117-billion-2021-12-13/|date=2021-12-14|access-date=2021-12-15|title=Australia's CSL to buy Swiss drugmaker Vifor for $11.7 bln|first1=Nikhil|last1=Nainan|first2=Silke|last2=Koltrowitz|first3=Scott|last3=Murdoch|work=Reuters}}</ref> |
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In August 2022 CSL rebranded all of its divisions to start with the CSL name. Therefore, the divisions became CSL Behring, CSL Plasma, CSL Seqirus and CSL Vifor. |
In August 2022, CSL rebranded all of its divisions to start with the CSL name. Therefore, the divisions became [[CSL Behring]], [[CSL Plasma]], [[CSL Seqirus]], and [[CSL Vifor]].<ref>{{Cite web |last=Coey |first=Sharon Klahr |date=2022-08-26 |title=CSL to unite all business units, including Seqirus, under the CSL umbrella |url=https://www.fiercepharma.com/marketing/csl-unite-all-business-unit-including-seqirus-under-one-csl-umbrella |url-status=live |archive-url=https://web.archive.org/web/20220826150412/https://www.fiercepharma.com/marketing/csl-unite-all-business-unit-including-seqirus-under-one-csl-umbrella |archive-date=2022-08-26 |website=Fierce Pharma}}</ref> |
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===Acquisition history=== |
===Acquisition history=== |
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{{Tree list/end}} |
{{Tree list/end}} |
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{{hidden end}} |
{{hidden end}} |
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[[File:CSL Global Headquarters, Parkville, Victoria, Australia.jpg|thumb|CSL's global headquarters building in Parkville, Victoria]] |
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== Locations == |
== Locations == |
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}}</ref> The federal government ordered 21{{nbsp}}million doses of vaccine for Australians.<ref>{{Cite news|last=Tran|first=Mark|date=2009-07-22|title=First human trials of swine flu vaccine begin in Australia|language=en-GB|work=The Guardian|url=https://www.theguardian.com/world/2009/jul/22/swine-flu-australia-vaccine-tests|access-date=2020-09-07|issn=0261-3077}}</ref> [[CSL Behring|CSL]] also provided vaccines for customers in Singapore and the US. |
}}</ref> The federal government ordered 21{{nbsp}}million doses of vaccine for Australians.<ref>{{Cite news|last=Tran|first=Mark|date=2009-07-22|title=First human trials of swine flu vaccine begin in Australia|language=en-GB|work=The Guardian|url=https://www.theguardian.com/world/2009/jul/22/swine-flu-australia-vaccine-tests|access-date=2020-09-07|issn=0261-3077}}</ref> [[CSL Behring|CSL]] also provided vaccines for customers in Singapore and the US. |
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On 28 September 2010, the Australian Therapeutic Goods Administration conducted an analysis of febrile convulsions following immunisation in children following monovalent pandemic [[Influenza A virus subtype H1N1|H1N1]] vaccine (Panvax/Panvax Junior, CSL).<ref>{{Cite web |last=Administration |first=Australian Government Department of Health Therapeutic Goods |date=2010-09-28 |title=Analysis of febrile convulsions following immunisation in children following monovalent pandemic H1N1 vaccine (Panvax/Panvax Junior, CSL) |url=https://www.tga.gov.au/alert/analysis-febrile-convulsions-following-immunisation-children-following-monovalent-pandemic-h1n1-vaccine-panvaxpanvax-junior-csl |access-date=2022-07-25 |website=Therapeutic Goods Administration (TGA) |language=en}}</ref> |
On 28 September 2010, the Australian [[Therapeutic Goods Administration]] (TGA) conducted an analysis of [[febrile convulsions]] following immunisation in children following monovalent pandemic [[Influenza A virus subtype H1N1|H1N1]] vaccine (Panvax/Panvax Junior, CSL).<ref>{{Cite web |last=Administration |first=Australian Government Department of Health Therapeutic Goods |date=2010-09-28 |title=Analysis of febrile convulsions following immunisation in children following monovalent pandemic H1N1 vaccine (Panvax/Panvax Junior, CSL) |url=https://www.tga.gov.au/alert/analysis-febrile-convulsions-following-immunisation-children-following-monovalent-pandemic-h1n1-vaccine-panvaxpanvax-junior-csl |access-date=2022-07-25 |website=Therapeutic Goods Administration (TGA) |language=en}}</ref> |
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⚫ | A paper published in the Medical Journal of Australia provides a possible reason for CSL's 2010 flu vaccine causing febrile convulsions in children. The authors hypothesise that suboptimal use of the detergent called deoxycholate – used in the manufacturing process by CSL (one of the few vaccine manufacturers that use it) – to split the flu virus from its membrane may be at fault. |
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⚫ | A paper published in the Medical Journal of Australia provides a possible reason for CSL's 2010 flu vaccine causing febrile convulsions in children. The authors hypothesise that suboptimal use of the detergent called [[deoxycholate]] – used in the manufacturing process by CSL (one of the few vaccine manufacturers that use it) – to split the flu virus from its membrane may be at fault.<ref>{{cite journal|title=Adverse events associated with 2010 CSL and other inactivated influenza vaccines|pmid=21929484|doi=10.5694/mja11.10941|journal=The Medical Journal of Australia|volume=195|issue=6|date=19 September 2011|pages=318–320|first1=Heath A|last1=Kelly|first2=Danuta M|last2=Skowronski|first3=Gaston|last3=De Serres|first4=Paul V|last4=Effler|s2cid=9389146 }}</ref> |
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https://www.mja.com.au/system/files/issues/195_06_190911/kel10941_fm.pdf |
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=== COVID-19 pandemic === |
=== COVID-19 pandemic === |
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{{See also|COVID-19 pandemic in Australia}} |
{{See also|COVID-19 pandemic in Australia}} |
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On 7 September 2020, CSL signed agreements with the Australian government to supply the University of Queensland vaccine ([[V451 vaccine|V451]]) and to manufacture (with [[AstraZeneca]]) the [[University of Oxford|Oxford University]] vaccine ([[AZD1222]]), which would yield nearly 85 million doses for Australians. The agreement was contingent on the future success of clinical trials of these vaccines. Most of the manufacture would occur in Melbourne, Australia.<ref>{{Cite web|date=7 September 2020|title=CSL to manufacture and supply University of Queensland and Oxford University vaccine candidates for Australia|url=https://www.csl.com/news/2020/20200907-csl-to-manufacture-and-supply-uq-and-ou-vaccine-candidates-for-australia|access-date=2020-09-07|website=csl.com|language=en-US}}</ref><ref>{{Cite web|date=7 September 2020|title=Australia secures onshore manufacturing agreements for two COVID-19 vaccines {{!}} Prime Minister of Australia|url=https://www.pm.gov.au/media/australia-secures-onshore-manufacturing-agreements-two-covid-19-vaccines|access-date=2020-09-07|website=pm.gov.au}}</ref> |
On 7 September 2020, CSL signed agreements with the Australian government to supply the University of Queensland vaccine ([[V451 vaccine|V451]]) and to manufacture (with [[AstraZeneca]]) the [[University of Oxford|Oxford University]] vaccine ([[AZD1222]]), which would yield nearly 85 million doses for Australians. The agreement was contingent on the future success of clinical trials of these vaccines. Most of the manufacture would occur in Melbourne, Australia.<ref>{{Cite web|date=7 September 2020|title=CSL to manufacture and supply University of Queensland and Oxford University vaccine candidates for Australia|url=https://www.csl.com/news/2020/20200907-csl-to-manufacture-and-supply-uq-and-ou-vaccine-candidates-for-australia|access-date=2020-09-07|website=csl.com|language=en-US}}</ref><ref>{{Cite web|date=7 September 2020|title=Australia secures onshore manufacturing agreements for two COVID-19 vaccines {{!}} Prime Minister of Australia|url=https://www.pm.gov.au/media/australia-secures-onshore-manufacturing-agreements-two-covid-19-vaccines|access-date=2020-09-07|website=pm.gov.au|archive-date=7 September 2020|archive-url=https://web.archive.org/web/20200907043720/https://www.pm.gov.au/media/australia-secures-onshore-manufacturing-agreements-two-covid-19-vaccines|url-status=dead}}</ref> |
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On 11 December 2020, after a high percentage of the University of Queensland vaccine trial participants returned "false positive" results for HIV, it was decided that vaccine development will not proceed to Phase 2/3 trials.<ref>{{Cite web|title=Update on The University of Queensland COVID-19 vaccine|url=https://wcsecure.weblink.com.au/pdf/CSL/02320942.pdf|publisher=CSL Limited|url-status=live|archive-url=https://web.archive.org/web/20201211104422/https://wcsecure.weblink.com.au/pdf/CSL/02320942.pdf |archive-date=11 December 2020 }}</ref> |
On 11 December 2020, after a high percentage of the University of Queensland vaccine trial participants returned "false positive" results for HIV, it was decided that vaccine development will not proceed to Phase 2/3 trials.<ref>{{Cite web|title=Update on The University of Queensland COVID-19 vaccine|url=https://wcsecure.weblink.com.au/pdf/CSL/02320942.pdf|publisher=CSL Limited|url-status=live|archive-url=https://web.archive.org/web/20201211104422/https://wcsecure.weblink.com.au/pdf/CSL/02320942.pdf |archive-date=11 December 2020 }}</ref> |
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[[Category:Biotechnology companies of Australia]] |
[[Category:Biotechnology companies of Australia]] |
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[[Category:Companies listed on the Australian Securities Exchange]] |
[[Category:Companies listed on the Australian Securities Exchange]] |
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[[Category:Companies in the S&P ASX 50]] |
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[[Category:Manufacturing companies based in Melbourne]] |
[[Category:Manufacturing companies based in Melbourne]] |
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[[Category:Pharmaceutical companies established in 1916]] |
[[Category:Pharmaceutical companies established in 1916]] |
Latest revision as of 01:35, 15 August 2024
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Company type | Public |
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Industry | Biotechnology |
Founded | 1916 (Federal government department), 1994 (privatised) |
Headquarters | Parkville, Melbourne, Victoria, Australia (Global),[1] |
Key people | Paul McKenzie (CEO) |
Products | blood plasma, vaccines, antivenom, other laboratory and medical products |
Revenue | US$14.8 billion (2024)[2] |
US$2.91 billion (2024)[2] | |
Number of employees | 32,000 (2024)[2] |
Divisions | |
Website | www |
CSL Limited is an Australian multinational specialty biotechnology company that researches, develops, manufactures, and markets products to treat and prevent serious human medical conditions. CSL's product areas include blood plasma derivatives, vaccines, antivenom, and cell culture reagents used in various medical and genetic research and manufacturing applications.[3] The company was established in 1916 as Commonwealth Serum Laboratories and was wholly owned by the Australian federal government until its privatisation in 1994.
History
[edit]Origin and Penfold directorship
[edit]CSL was founded in 1916 as Commonwealth Serum Laboratories, an Australian government body focused on vaccine manufacture.[4] Under the first director, William Penfold,[5] CSL commenced operation in the vacant Walter and Eliza Hall Institute building at the Royal Melbourne Hospital in 1918 before moving to its purpose-built Parkville premises in the following year.
Morgan directorship
[edit]After ongoing disputes with the Department of Health and its director-general John Cumpston, Penfold resigned in 1927 and was replaced by Frederic Morgan.[6] Soon after Morgan's appointment, CSL was drawn into a serious public health disaster when a batch of its diphtheria toxin-antitoxin was implicated in the deaths of twelve children in what became known as the Bundaberg tragedy of 1928. Although CSL's manufacturing processes were absolved, its labelling procedures were seen to be in error, leading to an enduring focus on the highest standards across the facility's production.[7]
Antivenene research and production
[edit]In 1928, CSL also became involved in antivenene (antivenom) manufacture in conjunction with the snake venom research undertaken by Charles Kellaway at the Hall Institute.[8] This led to the successful clinical testing of antivenene against tiger snake Notechis scutatus bite in 1930 and its commercial release in 1931.
In 1934, the research on snake venoms was transferred from the Hall Institute to CSL under the direction of former snake showman and herpetologist Tom "Pambo" Eades. This represented the initiation of research at the laboratories – an outcome its directors had been seeking for over a decade. The relationship with the Hall Institute continued until World War II, particularly via joint projects on viral diseases including polio and influenza coordinated by Frank Macfarlane Burnet and Esmond "Bill" Keogh. Keogh played an important role in the establishment of penicillin production at CSL in 1944 – a critical wartime achievement.[9]
Plasma fractionation and Wiener directorship
[edit]In 1952, operation commenced plasma fractionation.[10] Thereafter the range of antivenoms increased, including those against other snake species such as death adder (Acanthophis antarcticus) and the taipan (Oxyuranus scutellatus), plus spiders including the redback (Latrodectus hasselti) and – after much difficulty – the Sydney funnel-web (Atrax robustus). Much of this work, including the introduction in 1962 of a polyvalent antivenom against all of the major terrestrial Australian snakes, occurred under the direction of Saul Wiener, while from 1966 until the mid-1990s, venom research was coordinated by the eccentric but dedicated Struan Sutherland, who in 1979 released new guidelines for snakebite first aid,[11] and a new test for snakebites that would identify which snake had envenomated the victim.[12]
Other major achievements of CSL include:[13]
- early production of insulin for treatment of Australian diabetics (1923)
- development of a tetanus vaccine (1938)
- development of a combined vaccine for diphtheria, tetanus and whooping cough (1953)
- rapid adoption and production of a polio vaccine (1956)
- development of a multi-purpose animal vaccine covering pulpy kidney (enterotoxemia), tetanus, black disease, malignant oedema and blackleg (1961)
- production of Rhesus (D) immunoglobulin to prevent haemolytic disease in newborns due to Rh factor incompatibility (1966–67)
- pioneering heat treatment to protect blood and plasma products from infection with HIV (1983)
- collaboration on development of the world's first human papillomavirus vaccine, Gardasil, building on the pioneering work by Professor Ian Frazer (1994–2005).[14]
Privatisation
[edit]In 1994, the Commonwealth facility was privatised by the Keating government as CSL Ltd. and was publicly listed and traded on the Australian Securities Exchange. The company completed an initial public offering in June 1994 at A$2.30 per share (76.7c adjusted for split). CSL stock is part of the S&P/ASX 20 Index.[15]
Acquisition of ZLB Bioplasma AG and Aventis Behring
[edit]In 2000, CSL doubled its size through the purchase of a Swiss plasma company, the Bern-based ZLB Bioplasma AG.[16] In 2004, during a period of plasma oversupply, the company expanded again with the purchase of the German medical company Aventis Behring.[17] The company was the second Australian public company to have reached a share price of over $100 per share.[18]
Acquisition and merging of Novartis
[edit]In October 2014, Novartis announced its intention to sell its influenza vaccine business, including its development pipeline, to CSL for $275 million. CSL merged it into its BioCSL operation.[19]
In November 2015, BioCSL rebranded the combined business with Novartis Influenza Vaccines as Seqirus [Sek-eer-us], creating the world's second-largest influenza vaccine company.[20]
In August 2017, the business announced it would acquire Calimmune and its stem cell therapy platform.[21]
Completed in 2018, Seqirus's Holly Spring, NC, the plant was funded with $59 million from the U.S. government.[22]
in June 2020, CSL announced it would exercise its right to acquire Vitaeris.[23]
In December 2021, the business announced it would acquire Swiss drugmaker, Vifor Pharma AG, for $11.7 billion.[24]
In August 2022, CSL rebranded all of its divisions to start with the CSL name. Therefore, the divisions became CSL Behring, CSL Plasma, CSL Seqirus, and CSL Vifor.[25]
Acquisition history
[edit]- CSL Limited (Founded 1916 as Commonwealth Serum Laboratories)
- ZLB Behring
- ZLB Bioplasma AG (Acq 2000)
- Aventis Behring (Acq 2004)
- Vifor Pharma (Acq 2021)
- Seqirus (Merged 2014)
- BioCSL
- Novartis Influenza Vaccines div.
- Calimmune (Acq 2017)
- Vitaeris (Acq 2020)
- ZLB Behring
Locations
[edit]The company's headquarters remain in Parkville, Victoria, an inner suburb of Melbourne, and has offices and laboratory space in Sydney.
CSL Behring is headquartered in King of Prussia, USA and it has manufacturing operations and R&D laboratories in Broadmeadows, Victoria, the Swiss city of Bern, in Marburg in Germany, and Kankakee, USA.
Seqirus has its headquarters in Maidenhead and has production facilities in Holly Springs, US, Liverpool, UK, and Parkville, Victoria
Vaccines
[edit]Influenza (flu) |
---|
A/H1N1 2009 pandemic
[edit]CSL's vaccine for swine flu, the world's first, was approved in September 2009 for use by people over age 10.[26] The federal government ordered 21 million doses of vaccine for Australians.[27] CSL also provided vaccines for customers in Singapore and the US.
On 28 September 2010, the Australian Therapeutic Goods Administration (TGA) conducted an analysis of febrile convulsions following immunisation in children following monovalent pandemic H1N1 vaccine (Panvax/Panvax Junior, CSL).[28]
A paper published in the Medical Journal of Australia provides a possible reason for CSL's 2010 flu vaccine causing febrile convulsions in children. The authors hypothesise that suboptimal use of the detergent called deoxycholate – used in the manufacturing process by CSL (one of the few vaccine manufacturers that use it) – to split the flu virus from its membrane may be at fault.[29]
COVID-19 pandemic
[edit]On 7 September 2020, CSL signed agreements with the Australian government to supply the University of Queensland vaccine (V451) and to manufacture (with AstraZeneca) the Oxford University vaccine (AZD1222), which would yield nearly 85 million doses for Australians. The agreement was contingent on the future success of clinical trials of these vaccines. Most of the manufacture would occur in Melbourne, Australia.[30][31]
On 11 December 2020, after a high percentage of the University of Queensland vaccine trial participants returned "false positive" results for HIV, it was decided that vaccine development will not proceed to Phase 2/3 trials.[32]
On 23 March 2021, the Therapeutic Goods Administration provisionally approved the first batches, numbering 832,000 doses, of the Oxford–AstraZeneca COVID-19 vaccine manufactured by CSL in its plant in Broadmeadows, Victoria. The Australian Government has contracted CSL to produce 50 million doses of the vaccine.[33]
Divisions
[edit]CSL Limited's products can be separated by company division. Some of the key products produced by each division, have included:
Seqirus (bioCSL)
[edit]- Afluria (influenza vaccine) -- Argentina, Peru, South Africa, Spain, US[34]
- Afluria Quadrivalent (influenza vaccine) -- Australia, Canada, New Zealand, US[34]
- Agrippal (influenza vaccine) -- Argentina, Austria, Brazil, Canada, Chile, Colombia, Germany, Italy, Mexico, Spain, Thailand[34]
- Audenz (influenza A (H5N1) vaccine) -- US[34]
- Fluad (influenza vaccine) -- Argentina, Austria, Australia, Brazil, Canada, Denmark, Germany, Italy, Spain, Switzerland, UK, US[34]
- Chiromas—Spain[34]
- Fluad Pediatric (influenza vaccine) -- Canada[34]
- Flucelvax Quadrivalent (influenza vaccine) -- Germany, Italy, Spain, UK, US[34]
- Q-VAX (Coxiella burnetii vaccine) -- Australia[35]
- Rapivab (peramivir) -- Australia, US[34]
Antivenoms: (Australia)[35]
- Black snake
- Box jellyfish
- Brown snake
- Death adder
- Funnel web spider
- Polyvalent snake antivenom
- Redback spider
- Sea snake
- Stonefish
- Taipan
- Tiger snake
- Snake Venom Detection Kit
CSL Behring (Australia)
[edit]- Albumex (serum albumin)
- Biostate (Factor VIII)
- Carimune, which is immunoglobulin for intravenous administration (IGIV)
- CMV Immunoglobulin-VF (cytomegalovirus immunoglobulin)
- Helixate, which is recombinant Antihemophilic Factor, a blood-clotting factor for the treatment of haemophilia
- Hepatitis B immunoglobulin
- human immunoglobulin – Intragam P, Normal, Rh(D) Immunoglobulin-VF, Sandoglobulin,
- MonoFIX-VF (Factor IX)
- Prothrombinex-HT (prothrombin complex)
- Rhophylac (Rh(D) immunoglobulin G)
- Tetanus Immunoglobulin-VF
- Thrombotrol-VF (antithrombin III)
- Vivaglobin, sub-cutaneous human immune globulin indicated for the treatment of primary immunodeficiency. This product gained FDA approval in January 2006.
- Von Willebrand factor
- Zoster Immunoglobulin-VF (varicella zoster immunoglobulin)
CSL Behring
[edit]- Beriglobin P, human hepatitis A immunoglobulin, liquid 16% solution for intramuscular injection
- Berirab P, human rabies immunoglobulin, liquid 16% solution for intramuscular injection
- Carimune NF, Sandoglobulin, Sanglopor human normal immunoglobulin, freeze-dried formulations for intravenous administration
- Cytogam, human cytomegalovirus immunoglobulin. Liquid immunoglobulin containing a standardized amount of antibody to cytomegalovirus.
- Hepatitis B Immunoglobulin P Behring, human hepatitis B immunoglobulin, liquid 16% solution for intramuscular injection
- Hizentra, Human normal immunoglobulin. Liquid 20% immunoglobulin solution, ready-to-use for subcutaneous administration
- Privigen, human polyvalent immunoglobulin, liquid 10% solution for intravenous injection
- Rhesogamma P, human anti-D immunoglobulin. Prefilled syringes of highly purified anti-Rhesus factor D IgG for intravenous administration and intramuscular injection.
- Rhophylac human anti-D immunoglobulin. Prefilled syringes of highly purified anti-Rhesus factor D IgG for intravenous administration and intramuscular injection.
- Sandoglobulin NF Liquid, Redimune, Redimune NF Liquid, human normal immunoglobulin, liquid 12% solution for intravenous administration
- Tetagam P, human tetanus immunoglobulin, liquid 16% solution for intramuscular injection
- Varicellon P, human varicella immunoglobulin, liquid 16% solution for intramuscular injection
- Vivaglobin, human normal immunoglobulin, liquid 16% solution for subcutaneous administration
Coagulation/Bleeding Disorders:
- Beriate, freeze-dried human coagulation factor VIII concentrate
- Berinin P, freeze-dried human coagulation factor IX concentrate
- Factor X P Behring, a freeze-dried human coagulation factor IX and factor X concentrate
- Fibrogammin P, Cluvot and Corifact, freeze-dried human coagulation factor XIII concentrate
- Helixate FS and Helixate NexGen, freeze-dried recombinant coagulation factor VIII
- Humate-P and Haemate P, freeze-dried human coagulation factor VIII: C and von Willebrand factor concentrate
- Monoclate P, a freeze-dried monoclonal antibody purified human coagulation factor VIII concentrate
- Mononine, a freeze-dried human coagulation factor IX that has been purified using monoclonal antibodies
- Stimate, a synthetic desmopressin acetate nasal spray
- Octostim, a synthetic desmopressin acetate nasal spray
- Zemaira, Respreeza freeze-dried Human Alpha1-proteinase inhibitor (A1-PI)
- AlbuRx, Alburex, Albumeon, Human Albumin Behring, Albuminar 25, human albumin solution (5%, 20% or 25% human albumin solutions)
- Berinert P, freeze-dried human C1-esterase inhibitor (C1-INH) concentrate
- Beriplex P/N, freeze-dried human prothrombin complex concentrate
- Haemocomplettan P, RiaSTAP, freeze-dried human fibrinogen (factor I) concentrate
- Kybernin P, freeze-dried human antithrombin III concentrate
- Streptase, freeze-dried streptokinase
Wound Healing:
- Beriplast P Combi-Set, fibrin sealant kit, freeze-dried fibrin sealant for topical application
- Fibrogammin P, freeze-dried human coagulation factor XIII concentrate
- TachoComb, fibrin sealant fleece-type, fleece-type collagen preparations coated with fibrin glue components
Product availability varies from country to country, depending on registration status.
Honours
[edit]In 2011, the company received the Minister's Award for Outstanding Equal Employment Opportunities Initiative for their Thinking Kids Children's Centre.[38]
See also
[edit]References
[edit]- ^ "Annual Report 2019" (PDF). CSL Limited. 2019.
- ^ a b c "CSL Annual Report 2021/22". CSL Limited. April 2022. Retrieved 29 March 2023.
- ^ "CSL LTD (CSL:ASX): Stock Quote & Company Profile". Bloomberg Businessweek. Archived from the original on 18 January 2013. Retrieved 13 August 2012.
- ^ "Trove". trove.nla.gov.au. Retrieved 22 September 2020.
- ^ Robin, A. De Q. Penfold, William James (1875–1941). Canberra: National Centre of Biography, Australian National University.
- ^ Egan, Bryan, "Morgan, Frederick Grantley (1891–1969)", Australian Dictionary of Biography, Canberra: National Centre of Biography, Australian National University, retrieved 22 September 2020
- ^ "BUNDABERG TRAGEDY, Daily Examiner". 14 June 1928. p. 3 – via Trove.
- ^ Hobbins, Peter G.; Winkel, Kenneth D. (3 December 2007). "The forgotten successes and sacrifices of Charles Kellaway, director of the Walter and Eliza Hall Institute, 1923–1944". The Medical Journal of Australia. 187 (11): 645–648. doi:10.5694/j.1326-5377.2007.tb01457.x. PMID 18072902. S2CID 23444263.
- ^ Gardiner, Lyndsay; Serle, Geoffrey (2000). "Keogh, Esmond Venner (Bill) (1895–1970)". Australian Dictionary of Biography. 15. National Centre of Biography, Australian National University.
- ^ Flood, Phillip; Wills, Peter; Lawler, Peter; Ryan, Graeme; Rickard, Kevin A. (2006). Review of Australia's Plasma Fractionation Arrangements (PDF). ISBN 1-74186-121-7.
- ^ "SAFER FIRST AID, Papua New Guinea Post-Courier". 18 April 1979. p. 11 – via Trove.
- ^ "New test for snake bites, The Canberra Times". 30 October 1979. p. 14 – via Trove.
- ^ Tasker, Sarah-Jane (23 April 2016). "Blood, sweat and tears of the CSL century". The Australian.
- ^ "A global solution to reducing cervical cancer" (PDF). Uniquest commercialisation stories. The University of Queensland. Retrieved 29 April 2016.
- ^ "CSL Limited". Australian Securities Exchange. Retrieved 7 February 2020.
- ^ Dow Jones Newswires (9 December 2003). "Australia's CSL Agrees to Acquire Aventis Unit for up to $925 Million". The Wall Street Journal. Retrieved 22 February 2021.
… this deal eclipses the A$1 billion (US$740.2 million) CSL spent in 2000 to buy ZLB Bioplasma from the Swiss Red Cross.
- ^ "Aventis disposes of Behring unit with $925M sale to Australia's CSL –". thepharmaletter.com. The Pharma Letter. 15 December 2003. Archived from the original on 23 September 2021. Retrieved 22 February 2021.
… Aventis says that it has agreed to sell its Aventis Behring blood products business to Australia's CSL …
- ^ "CSL bursts through the $100 barrier". Quest Asset Partners. 4 August 2015. Archived from the original on 28 February 2016. Retrieved 22 February 2021.
- ^ Phillipidis, Alex (27 October 2014). "Novartis Selling Flu Vaccine Business to CSL for $275M". Genetic Engineering & Biotechnology News. Retrieved 22 May 2020.
- ^ Sequirus Commonwealth Serum Laboratories
- ^ "CSL Behring Acquires Biotech Company Calimmune and its Proprietary Stem Cell Gene Therapy Platform" (Press release). CSL. 6 August 2017. Retrieved 15 December 2021.
- ^ Willman, David (15 March 2020). "Federal vaccine development sites ill-suited to counter covid-19 epidemic". The Washington Post. Retrieved 15 March 2020.
- ^ "CSL to Acquire Biotech Company Vitaeris" (Press release). CSL. 6 September 2020. Retrieved 15 December 2021.
- ^ Nainan, Nikhil; Koltrowitz, Silke; Murdoch, Scott (14 December 2021). "Australia's CSL to buy Swiss drugmaker Vifor for $11.7 bln". Reuters. Retrieved 15 December 2021.
- ^ Coey, Sharon Klahr (26 August 2022). "CSL to unite all business units, including Seqirus, under the CSL umbrella". Fierce Pharma. Archived from the original on 26 August 2022.
- ^ "Panvax H1N1 Approval For Registration For Use in Australia by Therapeutic Goods Administration". Melbourne, Australia: CSL Limited. 18 September 2009. Archived from the original on 25 September 2009. Retrieved 26 September 2009.
CSL Biotherapies, a subsidiary of CSL Limited, Australia's leading biopharmaceutical company, can today confirm that its vaccine against the pandemic (H1N1) 2009 influenza or 'swine flu' has been approved registration for use in people aged 10 years and over.
- ^ Tran, Mark (22 July 2009). "First human trials of swine flu vaccine begin in Australia". The Guardian. ISSN 0261-3077. Retrieved 7 September 2020.
- ^ Administration, Australian Government Department of Health Therapeutic Goods (28 September 2010). "Analysis of febrile convulsions following immunisation in children following monovalent pandemic H1N1 vaccine (Panvax/Panvax Junior, CSL)". Therapeutic Goods Administration (TGA). Retrieved 25 July 2022.
- ^ Kelly, Heath A; Skowronski, Danuta M; De Serres, Gaston; Effler, Paul V (19 September 2011). "Adverse events associated with 2010 CSL and other inactivated influenza vaccines". The Medical Journal of Australia. 195 (6): 318–320. doi:10.5694/mja11.10941. PMID 21929484. S2CID 9389146.
- ^ "CSL to manufacture and supply University of Queensland and Oxford University vaccine candidates for Australia". csl.com. 7 September 2020. Retrieved 7 September 2020.
- ^ "Australia secures onshore manufacturing agreements for two COVID-19 vaccines | Prime Minister of Australia". pm.gov.au. 7 September 2020. Archived from the original on 7 September 2020. Retrieved 7 September 2020.
- ^ "Update on The University of Queensland COVID-19 vaccine" (PDF). CSL Limited. Archived (PDF) from the original on 11 December 2020.
- ^ "National medical regulator approves 800,000 Australian-made doses of AstraZeneca vaccine". Australian Broadcasting Corporation. 23 March 2021. Retrieved 9 April 2021.
- ^ a b c d e f g h i j k l m n o p q r s t "Products". Seqirus. 6 December 2018. Retrieved 5 February 2020.
- ^ a b "Products". Seqirus. Australia. Retrieved 9 February 2020.
- ^ "Products". cslbehring.com.au. Retrieved 7 February 2020.
- ^ Global product portfolio CSL Behring, 3 November 2010
- ^ "CSL wins equal opportunity award for onsite childcare centre". CSL Newsroom. CSL. Retrieved 25 October 2016.
Sources
[edit]- AH Brogan, Committed to Saving Lives: a History of the Commonwealth Serum Laboratories (Melbourne: Hyland House, 1990).
- Dando McCredie, The Fight Against Disease and CSL's Seventy Year Contribution (Richmond: Dando McCredie, c.1986).
- FG Morgan, 'The Commonwealth Serum Laboratories and their work', Collected Proceedings of the Society of Chemical Industry of Victoria, XXXV (1935), 1015–31.
- WJ Penfold, 'The Commonwealth Serum Laboratories', Medical Journal of Australia, 1 (14 April 1923), 396–400.
- Struan K Sutherland, A Venomous Life: the Autobiography of Professor Struan Sutherland (Melbourne: Hyland House, 1998).
- Australian companies established in 1916
- Biotechnology companies established in 1916
- Biotechnology companies of Australia
- Companies listed on the Australian Securities Exchange
- Companies in the S&P ASX 50
- Manufacturing companies based in Melbourne
- Pharmaceutical companies established in 1916
- Former Commonwealth Government-owned companies of Australia
- Companies based in Melbourne