Pharmaceuticals firm buys Spanish lab for £5m
MANCHESTER-based live biotheraputics specialist 4D Pharma has acquired the production assets of a Spanish based contract research organisation for up to £4.85m.
It has bought Biomar, which specialises in microbial fermentation, for up to €6m (£4.85m).
An in initial payment of €3m will be made, with third paid in cash and the rest in shares.
A further €3m will become payable in cash dependent upon certain certifications being acquired for the production of live biotherapeutics at the Le... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
