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New Deal


Announced

Advent-backed BioDuro to acquire Sundia.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Biotechnology

drug discovery

Pending

biotechnology

Private

Single Bidder

China

Friendly

drug development

Cross Border

Acquisition

Private Equity

Synopsis

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Advent-backed BioDuro, a global life sciences research company, agreed to acquire Sundia MediTech, a pre-clinical contract research and manufacturing organization. Financial terms were not disclosed. "We are greatly looking forward to this new venture with BioDuro combining our discovery, R&D and CMC expertise to provide customers with a highly competitive and innovative end-to-end CRDMO solution. As a service provider, this kind of productivity creates a ripple effect to the benefit of the whole biopharma sector. It enables us to accelerate timelines for hundreds of companies and to help bring medicines to patients faster for countless programs," Cathy Yen, BioDuro Director.

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