PerkinElmer, Inc. (NYSE: PKI) a global leader committed to innovating for a healthier world, announced Friday it has completed its acquisition of BioLegend, a leading, worldwide provider of life science antibodies and reagents for a total consideration of approximately $5.25 billion. The acquisition, the largest in PerkinElmer’s history, further expands the Company’s life science franchise into high-growth areas such as cytometry, proteogenomics, multiplex assays, recombinant proteins, magnetic cell separation and bioprocessing.
Biomanufacturing is an active area of investment by CDMOs with several large expansions by Samsung Biologics, Fujifilm Diosynth, Boehringer Ingelheim, and Lonza. Other CDMOs (Catalent, Thermo Fisher, WuXi AppTec, AGC Biologics, and others) also are expanding, including in cell- and gene-therapy manufacturing. What’s the latest?
Leading healthcare investors Avista Capital Partners (“Avista Capital”) and Nordic Capital (through Nordic Capital CV1) today announced that they have entered into a definitive agreement to sell Acino (“Acino” or “the Company”), a Swiss pharmaceutical company headquartered in Zurich with a global platform that promotes affordable healthcare in key emerging markets through contract manufacturing and out-licensing. The acquirer, ADQ is one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.
Philip Morris International Inc. (PMI) (NYSE: PM) announced Wednesday the closing of its acquisition of Fertin Pharma A/S (“Fertin Pharma”), a leading developer and manufacturer of innovative pharmaceutical and well-being products based on oral and intra-oral delivery systems, for an enterprise value of DKK 5.1 billion (approximately USD 820 million). Fertin Pharma has more than 850 employees and operations in Denmark, Canada, and India. It is a leading contract development and manufacturing organization (CDMO), specializing in the research, development and production of gums, pouches, liquefiable tablets, and other solid oral systems for the delivery of active ingredients.
Repligen Corporation (NASDAQ:RGEN), a life sciences company focused on bioprocessing technology leadership, today announced that it has entered into a definitive agreement to acquire privately-held Avitide Inc., for approximately $150 million, comprised of $75 million in cash plus $75 million in Repligen common stock in addition to performance-based earnout payments over the next three years. Avitide is a leading chromatography developer with diverse affinity ligand libraries and best-in-class ligand-to-resin development timelines.
Syneos Health® (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization, announced Tuesday the acquisition of StudyKIK, a leading technology-enabled clinical trial recruitment and retention company. Accelerating product development by better connecting patients, sites and communities, the acquisition boosts Syneos Health’s ability to deliver technology-enabled, insight-powered solutions. Launched in 2014 as a global network of patient-focused communities, StudyKIK and its technology platform has demonstrated improved quality and accelerated enrollment timelines in certain clinical trials by up to 94% and reduced enrollment start-up times by up to 75%.
Trane Technologies (NYSE: TT), a global climate innovator, announced that it has signed an agreement to acquire Farrar Scientific, a leader in ultra-low temperature control for biopharmaceutical and other life science applications. Farrar Scientific’s proprietary technology fills an unmet need for flexible, modular, and efficient ultra-low temperature process and storage, including cooling and heating/thawing. The solutions can provide an alternative to large-scale freezer farms or capital-intensive cold rooms used in manufacturing of drugs, vaccines and other biological products.
Permira is evaluating the sale of LSNE, an expert in freeze-drying processes that help keep drugs and medical devices sterile, according to four sources familiar with the firm’s plans. The global private equity firm has mandated RBC Capital Markets to provide sell-side financial advice on a process, two of the people said.
The IMA Group (IMA) announced today the acquisition of Albuquerque Neuroscience, Inc., a clinical research site specializing in diseases of the central nervous system (CNS) and general medical conditions. Albuquerque Neuroscience joins IMA’s Clinical Research Division, which specializes in Phase II-IV clinical trials in all therapeutic areas. The acquisition adds another high-quality clinical trial site to IMA Clinical Research while further expanding its national footprint. Albuquerque Neuroscience also brings additional deep therapeutic experience in Alzheimer’s Disease, vascular dementia, insomnia, pain management, fibromyalgia, constipation and sexual dysfunction.
Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced it has acquired Vector Laboratories, the Protein Detection business unit of Maravai (NASDAQ: MRVI). Vector Laboratories is a manufacturer of labeling and visual detection reagents for life science researchers doing tissue-based protein detection and characterization. The acquisition of Vector adds to TSCP’s experience in life sciences. Vector Laboratories provides consumable reagents used in slide staining and imaging workflows within life science research, allowing scientists to better locate and identify certain proteins within a tissue sample.
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