The Carlyle Group created Bidco to buy Vectura, which specializes in inhalers and works with major drugmakers from Novartis to GlaxoSmithKline. The company’s technology is used in 13 inhaled and 11 non-inhaled products, according to a statement on the deal.
Vectura also has a portfolio of treatments in development with partners, the companies said, although it’s been less successful in bringing its own drugs to market. Vectura shelved an asthma therapy in 2018 after it failed in a Phase 3 study.
The purchase is part of a wave of investment firms buying up contractors in the pharmaceutical business. With medicines becoming increasingly complex, biotechs and traditional pharma companies are relying more and more on specialists to develop and manufacture new therapies. READ MORE
By Kristin Jensen
Source: biopharmadive.com
Avivi joins Bayer fresh off a yearlong stint as chief marketing officer of Advance Auto Parts, which followed about three years spent as marketing chief of another auto parts company, Tenneco. Rounding out her nearly 30-year career in marketing are leadership roles at consumer goods giants Kimberly-Clark and Procter & Gamble.
Air Liquide S.A. (Paris) is continuing its development with the acquisition of Homecare activities in Belgium and the Netherlands. The two entities acquired in Belgium and the Netherlands support 10,000 patients living with respiratory insufficiency, sleep apnea syndrome or requiring infusion or nutrition treatments.
US-based Vertex Pharmaceuticals has agreed to pay approximately $4.9 billion in cash to acquire Alpine Immune Sciences, a compatriot biotechnology company focused on discovering and developing innovative, protein-based immunotherapies.
