Breaking News

Ajinomoto To Acquire Althea

March 6, 2013

Enters CDMO space with acquisition

Ajinomoto has entered a definitive agreement to acquire Althea Technologies, a provider of biopharmaceutical development and manufacturing services. The transaction, subject customary closing conditions, is expected to close in early April 2013, at which point Althea will become a fully consolidated subsidiary of Ajinomoto. Financial terms of the deal were not disclosed.
"Ajinomoto is delighted and honored to have Althea, their talented management and employees join our group," said Masatoshi Ito, president and chief executive officer of Ajinomoto Co., Inc. "In combining Ajinomoto's experience in biotechnology, together with Althea's sophisticated technology, experienced personnel, and expertise in cGMP manufacturing, we aspire to expand our business for biopharmaceuticals manufacturing in the U.S. market and strengthen our advanced  biomedical businesses."
"This is a great day for Althea, our employees, our customers and investors," said Rick Hancock, president and chief executive officer of Althea. "During the past several months, I have had the opportunity to get to know members of the Ajinomoto team and I am convinced that the combination of our two companies will yield outstanding synergistic benefits. Both companies are dedicated to the highest levels of quality and customer care."
William Blair & Co., LLC served as financial advisor and Cooley LLP served as legal advisor to Althea Technologies in this transaction.

Related Contract Manufacturing:

Related Packaging:

Related Compliance:

  • Packaging Equipment Technology Preview

    Packaging Equipment Technology Preview

    February 15, 2017
    Today’s complex drug products present challenges; the latest equipment capabilities help overcome them

  • The Good, the Bad, and the Donald

    The Good, the Bad, and the Donald

    January 31, 2017
    Orphan drugs, CMO continuous manufacturing and developing world sales offer biggest revenue opportunities

  • Predictive Analytics and the Future of RBM

    Rajneesh Patil, Senior Director, RBM and Analytics, QuintilesIMS||January 23, 2017
    How advances in Risk-Based Monitoring will enable a more proactive approach to identify and mitigate potential risks