Acquisition of the bioprocessing business of Novozymes Biopharma Sweden AB, a supplier of cell-culture growth factors and other products used in the manufacture of biologic drugs. Repligen called it a transformative deal that elevated the company to a world-leading supplier of products for manufacturing biologic drugs and accelerated its path to sustainable profitability. ~$22.7 million (EUR 17 million) cash + up to EUR 4 million (~$5.6M) milestones.
- 01 Established consumable-product revenue with exposure to long-term biologics manufacturing growth
This acquisition positions Repligen as a leading producer of high value, consumable products that will directly benefit from the long-term growth of the biologics market. Earlier this year we announced our strategic objective to transition into a commercially focused company, and the acquisition of the Novozymes business will deliver on that goal.