StageBio and Tox Path Specialists Merge

admin April 11, 2019

Two market leaders join forces to meet the growing demand for high-quality histopathology and neuropathology services in the preclinical therapeutics market

JACKSON, VA and FREDERICK, MD (USA) – April 10, 2019 – StageBio has merged with Tox Path Specialists, LLC (TPS) to create the leading provider of research and preclinical histology, pathology, specialized neuropathology and archiving services for the biopharmaceutical, medical device and contract research industries. StageBio was recently created by the merger of Histo-Scientific Research Laboratories (HSRL) and Vet Path Services (VPS) and is a portfolio company of Ampersand Capital Partners.

“We are very excited to merge operations with Dr. Mark Butt and his team at Tox Path Specialists as we continue to broaden our service offerings to both new and existing clients,” said Tom Galati, StageBio CEO. “It is our intent to position StageBio as the most capable histopathology company in the industry”.

Dr. Mark Butt, Founder & CEO of Tox Path Specialists, commented, “StageBio and TPS are a natural fit. The broad spectrum of histopathology services of StageBio coupled with our specialty neuropathology capabilities are a great match and will further streamline the research process for our clients”. The merger adds laboratory space in Frederick, MD, and more importantly adds staff with vast experience in specialty neuropathology techniques to complement the StageBio team based in Virginia, Ohio and Massachusetts. The combined business has over 20 board-certified pathologists and a total employee base of over 100.

About StageBio

StageBio is the leading provider of GLP-compliant research and preclinical histology, pathology and specimen archiving services for the biopharmaceutical, medical device and contract research industries. We provide our customers with a fully-integrated breadth of histopathology services, including tissue analysis, efficacy determination for new compounds and devices, toxicological evaluation of products subject to FDA approval, detailed pathology reporting for GLP studies, medical device pathology and immunohistochemistry. We operate four state-of-the-art sites in the US, with substantial continued investment in our facility and technology infrastructures to meet the growing demand for high-quality histopathology services. With more than 20 board-certified veterinary pathologists and over 50 laboratory technicians on staff, we are ideally positioned to deliver on our unified commitment to quality, scientific integrity and customer service excellence. Additional information about StageBio is available at www.stagebio.com.

About Tox Path Specialists

Founded in 2006, TPS is one of the leading neuropathology laboratories in North America. Founded and led by Dr. Mark Butt, TPS specializes in comprehensive evaluations of the central and peripheral nervous system. TPS is a full-service GLP histopathology laboratory, offering expertise in histology, pathology immunohistochemistry, image analysis and stereology. Its staff consists of 2 board-certified (ACVP) veterinary pathologists, 6 highly-trained histology technicians as well as dedicated Quality Control (QC) and Quality Assurance (QA) units, all of whom are committed to quality work, excellent customer service and meeting demanding timelines. Additional information about TPS is available at www.toxpath.net.

About Ampersand Capital Partners

Founded in 1988, Ampersand is a middle market private equity firm dedicated to growth-oriented investments in the healthcare sector. With offices in Boston, MA and Amsterdam, Netherlands, Ampersand leverages a unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of its core healthcare sectors, including Brammer Bio, Confluent Medical, Genewiz, Genoptix, Talecris Biotherapeutics and Viracor-IBT Laboratories. Additional information about Ampersand is available at ampersandcapital.com.

For further information contact:

Sam Jeffrey
Director of Corporate Development
info@stagebio.com

Categories: News

Tags: Pharmacie

ICG Europe VII, in partnership with Mérieux Equity Partners, buys DOC Generici from CVC Fund VI

admin April 8, 2019

Doc Generici one of Italy’s largest independent generic pharmaceutical companies

Intermediate Capital Group’s Europe VII Fund is pleased to announce it has, in partnership with Mérieux Equity Partners and DOC Generici’s management team, agreed to invest in Doc Generici, one of Italy’s largest independent generic pharmaceutical companies – subject to antitrust approval.

DOC Generici provides drugs for the treatment of common medical conditions with a broad product portfolio and a strong presence in areas including cardiovascular, gastrointestinal/metabolism and neurological treatments. The company operates an asset-light model and benefits from a consolidated network of suppliers.

This is the seventh deal for the Europe VII fund, which provides long term financing for growing private companies across Europe. The fund closed with €4.5bn of commitments in November 2018.

Luigi Bartone, Head of Italian Subordinated Debt & Equity Investments, said: “DOC Generici exhibits the classic characteristics we look for in an investment. The company is well established, highly cash generative, and led by a best-in class, committed management team. It benefits from a resilient and growing market driven by the ongoing penetration of generics in the Italian pharmaceutical market. We believe there are significant opportunities to continue to grow the business, and ICG resources and global networks will support management’s and Mérieux’s vision.”

Benoît Durteste, Chief Executive and Chief Investment Officer of ICG, said: “This is a significant deal for Europe Fund VII and a milestone deal for ICG in Italy. It demonstrates how our local teams continue to find attractive investment opportunities across Europe which have the potential to produce strong growth and enable us to deliver on behalf of our fund investors.”

Benoît Chastaing, Senior Partner at Merieux Equity Partners, said: “We are pleased to collaborate with ICG and DOC Generici management team, to invest in one of the leaders within the Italian Generic market. DOC Generici clearly improves access for patients to high-value medicine, this is in line with Mérieux Participations 3 investment strategy, recently set-up to support fast-growing companies within the healthcare and nutrition markets. This transaction also constitutes the first landmark investment of Mérieux Equity Partners in Italy. We will share our expertise and industrial network with Doc Generici and ICG over the coming years.”

Giorgio De Palma, Senior Managing Director at CVC said: “DOC Generici is a high-quality business with strong organic growth and high cash generation led by an outstanding management team. The launch of two new branded franchises in Ophthalmology and Cardiovascular Medicine have further strengthened DOC’s market position over the last three years. We thank Gualtiero Pasquarelli and the rest of the management team for the ongoing success of DOC Generici and wish them all the best for the future”.

Gualtiero Pasquarelli, CEO at DOC Generici, said: “We would like to thank CVC for their support, which has been instrumental in the acceleration of DOC’s growth strategy. DOC Generici has delivered very solid results in terms of sales and EBITDA, outperforming the reference market, and has significant potential for further growth. We now look forward to working with ICG and Mérieux in the next stage of our development.”

Barclays acted as sole financial adviser for ICG, Studio Gattai Minoli Agostinelli and Latham & Watkins as legal advisor. White&Case acted as legal advisor to Mérieux Equity Partners. Legance Studio Legale Associato acted as legal advisor and Studio Facchini Rossi & Soci acted as tax advisor for CVC.

Categories: News

Tags: Pharmacie

Ratos acquires remaining shares in TFS

admin January 14, 2019

Ratos has acquired the remaining shares (40%) in the subsidiary Trial Form Support International AB (TFS) from partner and founder Daniel Spasic for an equity value of approximately EUR 11m. After the acquisition, Ratos’s ownership share totals 100%.

Ratos acquired 60% of TFS, an international service provider and a so-called contract research organization (CRO) that conducts clinical trials for pharmaceutical, biotechnology and medical device companies, from founder and owner Daniel Spasic in 2015. With the acquisition of the remaining 40%, Ratos now owns 100% of the company. The acquisition price for the remaining shares amounts to approximately EUR 11m.

“I am delighted that we have reached an agreement with Daniel to acquire the remaining shares of TFS. We strongly believe in this company, which operates in an attractive industry,” says Johan Rydmark, Director at Ratos and responsible for TFS.

TFS has approximately 650 employees and sales for the rolling 12-month period at 30 September 2018 totalled EUR 85.1m.

For further information, please contact:
Johan Rydmark, Director, Ratos, +46 76 109 94 41
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

Categories: News

Tags: Pharmacie

Baird Capital Invests in GreenLight Biosciences, Inc.

admin January 9, 2019

Baird Capital announced today that it has invested in GreenLight Biosciences, Inc., the bio-performance company developing RNA-based solutions for agriculture and pharmaceutical applications. The platform is uniquely capable of producing RNA sequences of exceptional fidelity, in a fully-scalable fashion, and at a lower cost than any other production platforms.

“Baird Capital is thrilled to be part of this terrific syndicate and back a proven, successful management team,” said Mike Liang, Partner, Baird Capital. “We do not often see platforms that have the potential to revolutionize an industry, much less multiple ones. The opportunity to extend GreenLight’s platform of low-cost, high-quality RNA production into the life sciences markets is extremely compelling, and we are excited about the potential for GreenLight to become the leader in RNA products across different markets.”

For more information, please read GreenLight’s news release.

Categories: News

Tags: Pharmacie

Priveq – new growth partner of Metenova

admin December 16, 2018

Metenova, a MedTech company delivering products and solutions for the pharmaceutical and biotech production of aseptic and sterile products, has chosen to incorporate Priveq Investment (“Priveq”) as a new growth partner for the future. Founder, CEO and Management will continue to be a part of the ownership group to a large proportion.

Metenova was founded ten years ago, consisting of a management and founders with over four decades of experience within product design and development of mixer solutions for aseptic and sterile pharmaceutical production. The customer base is mainly leading pharmaceutical companies and biological drug producing companies. The portfolio consists of mixers adapted to different types of applications based on the company’s patented technologies. Metenova operates globally with sales in more than 30 countries, mainly through a distributor network with headquarters in Mölndal, in the south of Sweden and a subsidiary in New Jersey, USA.

With an increasing proportion of biological pharmaceuticals, a large proportion of traditional pharmaceuticals such as block busters, as well as high growth in the Chinese market as a result of a shift to defined pharmaceuticals, there is a high underlying growth for products and knowledge from Metenova. New potent pharmaceuticals and personalized pharmaceuticals also give increased interest in new products within Metenova’s focus area. Through the partnership with Priveq, good conditions are created for taking advantage of the opportunities that can arise in the market as well as continued growth and development of the company.

”We are impressed by how Metenova has managed to establish itself as a technology leader in a relatively short period of time with a strong offering and a unique position in the market. We know the founders and management since we owned the company NovAseptic together and therefore have great respect for the knowledge that exists and being built in Metenova. We are looking forward to working with the owners and management of Metenova and actively supporting the company in the future.” says Louise Nilsson, CEO and partner at Priveq.

”We are very happy to bring Priveq in as growth partner in Metenova. Priveq has a broad experience from 125 growth companies and we are convinced that Priveq will help us take the next step in our development. In addition, we have previously worked together with Priveq and therefore we look forward to a new journey together with confidence.” says Johan Westman, CEO at Metenova.

“With Priveq as a strong owner, we see great opportunities to continue our planned growth. This gives us a good position to realize the opportunities we see in the market and to carry through the ventures we want in order to reach maximum potential.” says Lennart Myhrberg, one of the founders of Metenova.

For more information, please contact:

Louise Nilsson, CEO and partner, Priveq Investment
Tel: +46 (0)709 50 95 50
louise.nilsson@priveq.se

Johan Westman, CEO Metenova
Tel: +46 (0)706 02 41 21
johan.westman@metenova.com

About Metenova

Metenova is a global supplier of critical products and solutions for production of aseptic and sterile pharmaceuticals. The company has a long experience of product development, manufacturing and sales within this area with high regulatory requirements. Metenova operates globally with leading companies within pharmaceutical and biotech industries mainly through a distributor network. The headquarters are located in Mölndal, in the south of Sweden and there is also a subsidiary in New Jersey, USA.

More information is available at www.metenova.com

PDF

For further information, please contact

Louise Nilsson

Partner & CEO

Phone: +46 8 459 67 63

Mobile: +46 70 950 95 50

Email: louise.nilsson@priveq.se

Categories: News

Tags: Pharmacie

ARDIAN acquires majority stake in NEOPHARMED GENTILI

admin November 28, 2018

Milan, November 28 2018 – Mediolanum Farmaceutici, a pharmaceutical company founded by the Del Bono family and now one of the most prominent players in the Italian cardiovascular market, has selected Ardian, a world-leading private investment house, as its strategic partner to further build its presence in Italy and continue the international growth plan of its subsidiary Neopharmed Gentili.

Under the agreement, Ardian will acquire a majority stake in Neopharmed Gentili, which focuses on therapeutic products. Mediolanum Farmaceutici, which was founded in 1972, will retain a minority stake. Alessandro Del Bono will become Chairman and CEO of the company, which is headquartered in Milan.

Neopharmed Gentili S.p.A. comprises the brands of the Mediolanum Farmaceutici Group, which are all dedicated to the development, production and marketing of high value therapeutic products in the vascular, cardio-metabolic, respiratory, antibiotic and over-the-counter drug markets in Italy.

With a strong, high-quality sales network, combined with sector expertise and well-established industry relationships, Neopharmed Gentili recorded sales of €192 million in 2017. Neopharmed Gentili is a well-recognized pharmaceutical brand in the sector, particularly in several specialized therapeutic areas. It is a reliable, specialized partner of many large pharmaceutical companies, including Merck and Teva for which it distributes and supplies some licensed products.

The acquisitions carried out by Neopharmed Gentili have to date allowed the company to significantly increase its market share, its product range offer and to strengthen its top-line, while expanding its share of proprietary products.

Alessandro Del Bono, Chairman and CEO of Neopharmed Gentili, said: “The aim of Neopharmed Gentili is to become an increasingly competitive player in the pharmaceutical sector, oriented towards growth, international expansion and value creation. We have chosen to share this project with Ardian, the leading private equity player in Europe and the third largest in the world. The deal will allow the company to accelerate its development and to target new acquisitions, strengthening its presence in strategic areas of the pharmaceutical sector, and, last but not least, to protect employment in our country”.

Nicolò Saidelli, Managing Director and Head of Ardian in Italy, added: “We are proud that the Del Bono family has chosen Ardian as their partner for the development of Neopharmed Gentili, which represents an example of Italian entrepreneurial excellence combined with strong growth opportunities. Today Neopharmed Gentili is well-known within the Italian pharmaceutical industry and is ready to begin expanding internationally, through important partnerships with global players such as Merck and Teva Pharmaceutical. We are pleased to support the Del Bono family in this new challenge and we will do it with passion, thanks to the experience and skills that distinguish Ardian and the many development projects already followed in Italy together with entrepreneurs and managers at the head of family businesses.”

ABOUT MEDIOLANUM FARMACEUTICI S.P.A.

Mediolanum Farmaceutici was set up in Milan in 1972. Right from the start, the intention was to create a group operating on the international scene with its own products.
Mediolanum Farmaceutici strongly believes that the creation of value determined by the satisfaction of patients and scientific community’s needs, is possible only if due consideration is given to ethical principles and values. Since 1972, the Company developed four products and over 700 patents for more than 40 nations.
The Group can claim a dynamic and trustworthy image and strongly believes in the Social Responsibility culture in order to grant a service to the community.
For further information: www.mediolanum-farma.it

ABOUT NEOPHARMED GENTILI S.P.A.

Neopharmed Gentili is an Italian pharmaceutical group founded in Milan in 2011, after the fusion of two eminent firms, Gentili Srl and Neopharmed Srl, respectively taken over in 2009 and 2010. Today Neopharmed Gentili is one of the most important player in the Italian pharmaceutical market. Over the years, the company expanded its business through partnership and acquisitions, which contributed to develop its product portfolio and strengthen its presence in strategic therapeutic areas. In particular, in 2017, the company took over the Italian branch of the Belgian company Therabel Gienne Pharma and established a partnership with Teva Pharmaceuticals for marketing and development of the portfolio in the respiratory area.
Neopharmed Gentili is focused on the research, development, production and distributions of medicines in many therapeutic areas such as vascular and cardio-metabolic areas, pneumological area, antibiotics, OTCs, and supplements.
For further information: www.neogen.it

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$82bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 550 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 750 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian

www.ardian.com

LIST OF PARTICIPANTS

Ardian Advisors
M&A Advisor: Rothschild
Commercial Due Diligence: Bain – Valerio di Filippo
Financial Due Diligence: PWC – Emanuela Pettenò
Tax: Gitti & Partners – Diego De Francesco, Paolo Ferrandi
Legal: Giovannelli e Associati – Alessandro Giovannelli, Fabrizio Scaparro
Financing: Gattai, Minoli, Agostinelli & Partners – Lorenzo Vernetti

MEDIOLANUM FARMACEUTICI Advisors
M&A Advisor: Four Partners – Guido Tugnoli, Pietro Pagnozzi, Angela Celetti
Legal Advisor: NCTM – Pietro Zanoni

PRESS CONTACTS

Neopharmed Gentili S.p.A.
Ottavia Landi di Chiavenna
Head of External Relations and Institutional Affairs

o.landi@neogen.it
+39.342.3409572
+39 06.94354560

Mediolanum Farmaceutici
Value Relations

Angela Del Giudice

a.delgiudice@vrelations.it
+39.392.6858392

Domenica Donato

d.donato@vrelations.it
+39.320.9547481
+39.06.6788870

ARDIAN
Headland
VIKTOR TSVETANOV

vtsvetanov@headlandconsultancy.co.uk
Tel: +44 203 435 7469

Categories: News

Tags: Pharmacie

Ardena acquires Syntagon and strengthens API offering

admin May 7, 2018

Contract development and manufacturing organisation (CDMO) Ardena has acquired Syntagon, a leading contract manufacturer of novel active pharmaceutical ingredients (APIs) and excipients.

The acquisition, which is the CDMO’s first outside the Benelux region, expands its drug substance manufacturing capacity. Moreover, bigger batch sizes up to 100 kg can now be handled by Ardena. Syntagon also adds specialist expertise in GMP chromatographic purification processes to the group.

The announcement follows Ardena’s acquisition of ChemConnection in March 2018 and is part of its strategy to form a leading integrated drug development company and reach the €35m sales mark this year.

Harry Christiaens, CEO of Ardena, comments: “At Ardena, it is our goal to become a one source contractor by offering an integrated set of services to meet all chemical, pharmaceutical and (bio)analytical needs that arise in the clinical supply chain from lab to patient. This is the driver of our M&A strategy.”

“By adding the ChemConnection and Syntagon capabilities to our group, we can now offer specialist technology expertise in drug substance manufacturing.”

Established in 1999, Syntagon has sites in Sweden and Latvia and employs 30 people. This latest acquisition brings the total number of Ardena facilities to six, including its headquarters in Ghent, Belgium and three sites in the Netherlands (Oss, Amsterdam and Assen).

Harry continued: “The Syntagon acquisition gives us a presence in Scandinavia, where we are well positioned to capitalize on the emerging biotech segment and broader pharmaceutical market. With support from our financial investor Mentha Capital, we will continue to focus on both organic growth and acquisition opportunities on our path to create an internationally recognized drug development company.”

Commenting on the acquisition, Michael Lofthagen, CEO at Syntagon added: “Our customers can now benefit from a more integrated service offering, which will ultimately streamline the progress of products through clinical development. We are looking forward to leveraging the synergies across the Ardena group to deliver the best possible offering to the market.”

Ardena was formed in 2017, following the merging of three companies with complementary capabilities: Pharmavize in Belgium, and Crystallics and Analytical Biochemical Laboratory (ABL) in the Netherlands. With the acquisitions of ChemConnection and Syntagon in 2018, Ardena now employs more than 225 scientists.

Categories: News

Tags: Pharmacie

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Tag Archives: Pharmacie

StageBio and Tox Path Specialists Merge

About StageBio

About Tox Path Specialists

About Ampersand Capital Partners

ICG Europe VII, in partnership with Mérieux Equity Partners, buys DOC Generici from CVC Fund VI

Ratos acquires remaining shares in TFS

Baird Capital Invests in GreenLight Biosciences, Inc.

Priveq – new growth partner of Metenova

For further information, please contact

Louise Nilsson

ARDIAN acquires majority stake in NEOPHARMED GENTILI

ABOUT MEDIOLANUM FARMACEUTICI S.P.A.

ABOUT NEOPHARMED GENTILI S.P.A.

ABOUT ARDIAN

LIST OF PARTICIPANTS

PRESS CONTACTS

Ardena acquires Syntagon and strengthens API offering