Avantor has acquired the Masterflex bioprocessing business and related assets of Antylia Scientific.
Avantor has strengthened its offering across all bioproduction platforms with the acquisition of the Masterflex bioprocessing business and related assets of Antylia Scientific on Sept. 7, 2021. The acquisition was announced in a company press release.
Valued at $2.9 billion, the all-cash acquisition is still subject to final adjustments at closing and is expected to enhance Avantor’s offerings across all bioproduction platforms, including monoclonal antibodies (mAbs), cell and gene therapies, and messenger RNA. Additionally, it is expected that the acquisition will support both therapy and vaccine manufacturing, including COVID-19 offerings, for the company.
“The acquisition of Masterflex reflects our commitment to the biopharma industry, and our ability to identify and execute on value-creation opportunities,” said Michael Stubblefield, president and CEO of Avantor, in the company press release. “The business enhances our portfolio of proprietary technologies and strengthens our position in the highest growth segments of the market. Both Avantor and Masterflex share a strong culture of innovation and excellence, and we look forward to welcoming Masterflex's highly skilled team to the Avantor family.”
“This proposed transaction helps both parties and positions the Masterflex bioprocessing business well for future growth,” added Brian Barnett, president, Masterflex Bioprocessing, in the press release. “Avantor's broad portfolio is used in virtually every stage of the most important research, development, and production activities. We are excited about combining our end-to-end fluid management solution with Avantor's comprehensive portfolio of process ingredients, chromatography resins, and excipients for biopharma customers worldwide.”
Source: Avantor
Drug Solutions Podcast: A Closer Look at mRNA in Oncology and Vaccines
April 30th 2024In this episode fo the Drug Solutions Podcast, etherna’s vice-president of Technology and Innovation, Stefaan De Koker, discusses the merits and challenges of using mRNA as the foundation for therapeutics in oncology as well as for vaccines.
Drug Solutions Podcast: Gliding Through the Ins and Outs of the Pharma Supply Chain
November 14th 2023In this episode of the Drug Solutions podcast, Jill Murphy, former editor, speaks with Bourji Mourad, partnership director at ThermoSafe, about the supply chain in the pharmaceutical industry, specifically related to packaging, pharma air freight, and the pressure on suppliers with post-COVID-19 changes on delivery.