Synthetech acquires I.P. and hooks into resins

ALBANY, Ore. – In mid-January, Synthetech Inc. acquired intellectual property assets for resin processes from Colorado Biotechnology Associates Inc. (CBA). Resin production, which has already begun at Synthetec’s facility, will diversify the company’s product lines beyond amino acid, peptide, and chiral intermediate products.
| 3 min read
ALBANY,Ore.–In mid-January, Synthetech Inc. acquired intellectual propertyassets for resin processes from Colorado Biotechnology Associates Inc.(CBA). Resin production, which has already begun at Synthetech'sfacility, will diversify the company's product lines beyond amino acid,peptide, and chiral intermediate products.
Synthetechpresident and CEO M. "Sreeni" Sreenivasan says that under the dealSynthetech receives technology for generating "a range of resins, theknow-how to attach the first amino acid to the resins, the qualitycontrol information, as well as [CBA's] customer base." Rodger Raubach,founder and primary owner of CBA, who sold the technology when heretired, received "a fairly nominal upfront payment…the big upside for[Raubach] will be the royalties" plus consulting fees, says Sreenivasan.
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