Sector News

Acquisitive Quotient buys CDMO Pharmaterials, reveals new identity

November 15, 2017
Life sciences

After two U.S. acquisitions back in February, Quotient Clinical has been renamed as Quotient Sciences, and right after that, made another purchase.

U.K.-based CDMO Pharmaterials is now part of the rebranded Quotient Sciences. Quotient said in a release that the acquisition strengthens its formulation and manufacturing services footprint in its home country.

Services offered at Pharmaterials fall within Quotient’s existing portfolio, including characterization and optimization of small-molecule drug physical forms, the development of preclinical and clinical formulations, as well as contract manufacturing for clinical use and commercial supply.

Founded in 2000, Pharmaterials has established 13 GMP manufacturing suites in a 48,000-square-feet facility, which also has more space for future expansion.

Quotient entered the U.S. market through two closely announced acquisitions in February—clinical pharmacology expert Seaview and Charles River Laboratories’ CDMO unit QS Pharma.

“Quotient’s overall strategy behind the acquisitions over the last 12 months is to replicate our Translational Pharmaceutics platform in the USA,” Quotient spokesperson Robin Bodicoat told FierceCRO.

The platform works by combining services from traditional CDMOs with those from CROs, namely integrating formulation development and early-stage clinical research with GMP manufacturing. The company said the approach is proven to reduce drug development costs and shorten timelines.

After these acquisitions, Quotient now has 700 employees working at five sites in the U.S. and the U.K.

By Angus Liu

Source: Fierce Biotech

comments closed

Related News

July 3, 2022

Novo Nordisk joins with nursing group to highlight correlation between Type 2 diabetes and cardio risk

Life sciences

Despite atherosclerotic cardiovascular disease (ASCVD) being the leading cause of death for people with Type 2 diabetes, half of those people have no idea of this risk. Novo Nordisk has teamed up with the Preventive Cardiovascular Nurses Association (PCNA) for “Making the Connection,” a program to help increase understanding of the link between the two diseases.

July 3, 2022

First treatment for ‘broken heart syndrome’ trialled

Life sciences

The first ever treatment for broken heart syndrome – also known as Takotsubo cardiomyopathy – is to be trialled by researchers at the University of Aberdeen. Scientists will trial a programme of exercise conditioning and psychological therapy for people who have been diagnosed with the condition following a £300,000 grant from the British Heart Foundation.

July 3, 2022

Nestlé acquiring The Better Health Company in market expansion deal

Life sciences

Nestlé Health Science is set to acquire The Better Health Company (TBHC), as part of its goals to grow global market share while spurring innovation across the nutrition industry. The acquisition includes the GO Healthy brand with its vitamins and supplements, Egmont, the Manuka honey brand and New Zealand Health Manufacturing, an Auckland-based manufacturing facility for vitamins minerals and supplements.