Pharmaron Acquires Bioprocessing Site from AbbVie
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March 5, 2021
Pharmaron, an R&D service provider for the life sciences industry with operations in China, the U.S., and the U.K., reports that it has entered into an agreement to acquire Allergan Biologics (ABL) in Liverpool from AbbVie for $118.7 million in cash. The deal is set to close in the second quarter of 2021.
The ABL site consists of a cGMP biomanufacturing facility that has held MHRA biologic manufacturing license accreditation since 2007.
The deal comes four months after Pharmaron announced its acquisition of Absorptions Systems, and will expand on their cell and gene therapy (CGT) capabilities.
AbbVie sells biologics plant to Pharmaron, fueling the China company s cell and gene therapy ambitions fiercepharma.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fiercepharma.com Daily Mail and Mail on Sunday newspapers.
Pharmaron Beijing Co., Limited: Pharmaron Acquires State-of-the-Art Biomanufacturing Site in the United Kingdom from AbbVie
Continues to build integrated capabilities platform for Cell Gene Therapy
Pharmaron Beijing Co., Limited (Stock Code: 300759.SZ/3759.HK) ( Pharmaron ) announced today that it has entered into a definitive agreement to acquire Allergan Biologics Limited ( The ABL site ) in Liverpool, UK, for US$118.7 million in cash from AbbVie. The transaction is expected to close in the second quarter of 2021, subject to the satisfaction of customary closing conditions.
The ABL site consists of a state-of-the-art, flexible cGMP biomanufacturing facility located in Liverpool, United Kingdom with over 150 staff. Leveraging the industry-leading expertise in the process R&D, cGMP manufacturing and advanced analytical capabilities in broad range of biologics products, the ABL site has further established a solid foundation and expertise in Cell and Gene Therapy ( CGT ) product d
Pharmaron Acquires State-of-the-Art Biomanufacturing Site in the United Kingdom from AbbVie biospace.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biospace.com Daily Mail and Mail on Sunday newspapers.