Announced
Financials
Tags
Biotechnology
biotechnology company
United States
Private
Acquisition
Pending
Synopsis
Catalent, the leading global diversified provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, is to acquire Paragon Bioservices, a leading viral vector development and manufacturing partner for gene therapies, for $1.2bn. "Paragon's unparalleled expertise in the rapidly growing market of gene therapy manufacturing will be a transformative addition to our business that we believe will accelerate our long-term growth. Paragon brings to Catalent a complementary capability that will fundamentally enhance our biologics business and our end-to-end integrated biopharmaceutical solutions for customers," said John Chiminski, Catalent's Chair & Chief Executive Officer. "We look forward to working with Paragon's incredibly talented team and world-class customers to complete the significant ongoing investments into expanded state-of-the-art facilities and deliver revolutionary, lifesaving treatments to patients."
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