Cambridge Major Laboratories acquires ChemShop to become major supplier of API services
US-based chemistry outsrourcing company Cambridge Major Laboratories has acquired ChemShop, of Weert in the Netherlands, a supplier of API development services.
US-based chemistry outsrourcing company Cambridge Major Laboratories has acquired ChemShop, of Weert in the Netherlands, a supplier of API development services.
The newly combined company is one of the largest pharmaceutical chemistry development organisations in the western hemisphere, with more than 140 employees at three sites in the US and Europe.
ChemShop will adopt the name Cambridge Major Laboratories Europe, and all its management and personnel will continue to operate the business at the Weert facility, which includes r&d laboratories, GMP kilo lab suites, and a GMP pilot plant. The ChemShop facility provides intermediates and APIs from grams to hundreds of kilograms scale.
Cambridge Major will invest several million dollars to expand the European site, which will include more reactor capacity, laboratories and expansion of the company's high potency API (HPAPI) manufacturing capabilities. The planned expansion will commence immediately and is expected to be completed in the second half of 2008.
"The addition of ChemShop presents an enormous opportunity for both companies to further tap into the growing European pharmaceutical market and to penetrate deeper into the US market as we leverage our combined technical expertise and human resources," said Michael W. Major, president and ceo, Cambridge Major Laboratories.