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  • GVK BIO and Aragen Bioscience sign definitive agreement to acquire Aragen Bioscience, Inc

    Published on January 29, 2014

    Mumbai :  – Asia’s leading small-molecule contract research organization (CRO), GVK BIO, and Aragen Bioscience, Inc., a gvkbioprivately held US based, pre-clinical CRO specializing in high-value biologics services, announce an agreement through which GVK BIO will acquire the capital stock of Aragen Bioscience.  GVK BIO has established itself as a pre-eminent small molecule service provider. This deal enables GVK BIO to expand its service offering to a broader base of organizations and gives GVK BIO expertise in biologics services and a significant US presence.  The acquisition provides Aragen with the ability to expand its service offerings, access to GVK BIO’s global sales force and access to new markets.

    “As an increasing number of biotech and pharmaceutical companies focus on protein based therapeutics and bio-similars, the acquisition of Aragen Bioscience will strategically enhance GVK BIO’s ability to offer high quality R&D services to the industry from a seamless integrated platform”, said Mr. D. S. Brar, Chairman, GVK BIO.

    “Aragen’s scientific excellence and expertise in large-molecule R&D services combined with GVK BIO’s scale, resources, and global reach will create significant synergies for both companies” stated Rick Srigley, President &CEO, Aragen Bioscience.

    This is GVK BIO’s first international acquisition; the financial details were not disclosed.

    Source : Sachin Murdeshwar