Patheon makes another acquisition

Adds complex solubility expertise with the purchase of Agere

Michael Lehmann: Agere adds a new capability and allows us to provide customers with formulation expertise for solubility enhancement

Patheon, a US CDMO based in Durham, North Carolina, has made its second acquisition in just over a week, this time of Agere Pharmaceuticals, a privately held company headquartered in Bend, Oregon, US that specialises in improving the bioavailability of drugs.

The Bend facility is expected to serve as a solubility centre of excellence and will become part of Patheon’s pharmaceutical development services (PDS) operations.

On 4 March Patheon announced the purchase of IRIX Pharmaceuticals, a company headquartered in Florence, SC, US that specialises in difficult-to-manufacture active pharmaceutical ingredients.

No financial details have been released about either deal.

Michael Lehmann, President, Global Pharmaceutical Development Services and EVP Global Sales and Marketing, said: 'Agere adds a new capability and allows us to provide customers with formulation expertise for solubility enhancement.

'With this acquisition, we strengthen our number one pharmaceutical development services position with a solution that integrates scientific acumen and design automation.'

The company said the addition of Agere’s solubility expertise puts it in a good position to compete in the growing low solubility market segment.

In the past year, Patheon has significantly expanded through several acquisitions, including the addition of a large-scale facility in Greenville, NC.

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