Catalent Pharma Solutions to acquire Aptuit LLC's clinical trial supplies business for $410 Million

Acquisition will substantially expand Catalent’s Development & Clinical Services business to reportedly make it the No. 2 provider globally in clinical supply solutions, as well as add important development and clinical manufacturing expertise and capacity

Register for free to listen to this article
Listen with Speechify
SOMERSET, N.J.—Eager to become the No. 2 providerglobally for clinical supply solutions, as well as add "important developmentand clinical manufacturing expertise and capacity," Catalent Pharma SolutionsInc. has entered into an agreement to acquire the Clinical Trial Suppliesbusiness of Aptuit LLC for cash consideration of $410 million on a cash anddebt free basis. Subsequent to selling this aspect of its business, Greenwich, Conn.-basedAptuit plans to focus on its integrated discovery to mid-phase developmentbusiness.
The completion of the transaction is subject tocustomary closing conditions including approval from regulatory authorities,and is expected to occur by the end of this year. No other terms of the transactionwere disclosed.
"This transaction builds important expertise,scale and capability for our Development & Clinical Services business tobetter meet our customers' needs globally," says John Chiminski, president andCEO of Catalent. "This transaction also strengthens Catalent's globalleadership in development solutions and advanced delivery technologies fordrugs and biologics."
Catalent's Development & Clinical Servicesbusiness already offers clinical supply services, analytical chemistry,respiratory product development, regulatory consultin, and biologics cell linedevelopment, and Chiminski says the company has made "substantial recentinvestments" to extend the capabilities and capacity of the business, maintainingthis his company provides the broadest range of expert development services,which can drive more efficient development timelines and help customers bringmore compounds and better products to market faster.
For Aptuit, the focus of the business has been tostreamline pharmaceutical development through offering that include solid statechemistry, sterile fill parenterals, and high potency active pharmaceuticalingredients.
"This agreement puts Aptuit in a better positionto focus on the scientific excellence that our customers want," says Timothy C.Tyson, chairman and CEO of Aptuit. "Focusing on our expertise in discovery anddevelopment services leverages our leadership position, and allows us toconcentrate on delivering high-growth, high-value scientific services fromdiscovery to mid-phase development."
In July 2010, Aptuit signed a deal to partner withSiena Biotech SpA of Italy, which took a minority stake in Aptuit's Italianoperations in Verona. Aptuit had that very same month purchased those operationsfrom GlaxoSmithKline. This partnership make Aptuit a "provider of choice" forSiena Biotech's development pipeline, which is focused in the therapeutic areasof oncology, Alzheimer's disease and Huntington's disease, and oncology.
Formerly Global Pharmaceutical Development Inc.,the name changed to Aptuit in 2005, at which time that company also raised $150million from a private equity firm, buying later that same year three QuintilesTransnational business units—pharmaceutical sciences, preclinical services, andclinical trial supplies. It also snatched up Almedica International and InfoProSolutions that year. The company has all this time been expanding overseas withstrategic deals in India, Scotland, Singapore, Japan and elsewhere, and boasts 800customers.
Catalent for its part, notes that it has more than75 years of experience helping customers "get more molecules to market faster,enhance product performance, and ensure reliable product supply." In thiseffort, Catalent employs more than 8,000 people at 24 facilities worldwide and infiscal year 2010 generated more than $1.7 billion in annual revenue.

Subscribe to Newsletter
Subscribe to our eNewsletters

Stay connected with all of the latest from Drug Discovery News.

DDN July 2024 Magazine Issue

Latest Issue  

• Volume 20 • Issue 4 • July 2024

July 2024

July 2024 Issue