Catalent Pharma To Acquire Aptuit’s Clinical Trials Supplies Business
Published: August 22nd, 2011
Catalent Pharma Solutions, Inc., and Aptuit, LLC, announced an agreement for Catalent to acquire the clinical trial supplies business of Aptuit LLC for $410 million on a cash and debt free basis. The acquisition will expand Catalent’s Development & Clinical Services business, transforming it into the number two provider globally in clinical supply solutions. The buy will also add important development and clinical manufacturing expertise and capacity, the companies said in a statement.
Following the close of the transaction, Aptuit will focus on its integrated discovery to mid-phase development business.
“This transaction builds important expertise, scale and capability for our Development & Clinical Services business to better meet our customers’ needs globally,” said John Chiminski, president and CEO of Catalent. “This transaction also strengthens Catalent’s global leadership in development solutions and advanced delivery technologies for drugs and biologics.”
Catalent’s Development & Clinical Services business offers clinical supply services, analytical chemistry, respiratory product development, regulatory consulting, and biologics cell line development. Catalent has made substantial recent investments to extend the capabilities and capacity of the business. Catalent today provides the broadest range of expert development services, which can drive more efficient development timelines, and help customers bring more compounds and better products to market faster, the company said.
Aptuit’s remaining business maintains state-of-the-art discovery, development and manufacturing facilities in the United States, Europe and Asia. Aptuit offers the most complete set of integrated early development capabilities in the industry including discovery, early development, solid state chemistry, sterile fill parenterals, high potency APIs through Class V and formulation development. Aptuit is dedicated to supporting the global biotech and pharmaceutical industry by accelerating timelines, maintaining quality and reducing the cost of bringing drugs to market, the company said.
“This agreement puts Aptuit in a better position to focus on the scientific excellence that our customers want,” said Timothy C. Tyson, chairman and CEO of Aptuit. “Focusing on our expertise in discovery and development services leverages our leadership position, and allows us to concentrate on delivering high-growth, high-value scientific services from discovery to mid-phase development.”
The completion of the transaction is subject to customary closing conditions including approval from regulatory authorities, and is expected to occur by the end of the calendar year. Other terms of the transaction were not disclosed.