Home | Welcome to Contract Pharma   
Last Updated Tuesday, September 30 2014
Print RSS Feed

GVK BIO To Acquire Aragen Bioscience



By Kristin Brooks



Published January 29, 2014
Related Searches: preclinical cro CRO Preclinical
GVK BIO has entered an agreement to acquire Aragen Bioscience, Inc., a privately held U.S. based, preclinical CRO specializing in biologics services. GVK BIO is small molecule service provider in Asia. The acquisition expands GVK BIO’s service offering to a broader client base and provides expertise in biologics services, as well as a significant U.S. presence. Financial terms were not disclosed.
 
"As an increasing number of biotech and pharmaceutical companies focus on protein based therapeutics and biosimilars, the acquisition of Aragen Bioscience will strategically enhance GVK BIO’s ability to offer high quality R&D services to the industry from a seamless integrated platform,” said Mr. D. S. Brar, chairman, GVK BIO.
 
"Aragen’s scientific excellence and expertise in large-molecule R&D services combined with GVK BIO’s scale, resources, and global reach will create significant synergies for both companies,” said Rick Srigley, president and chief executive officer, Aragen Bioscience.


blog comments powered by Disqus
Receive free Contract Pharma Direct emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Follow Contract Pharma On