Evonik Industries has reached an agreement to acquire the pharmaceuticals business of SurModics, Inc. The unit is focused on injectable drug delivery systems and includes two facilities for the development and manufacturing of polymers and drug delivery systems. The company is located in Birmingham, AL and employs approximately 80 pharmaceutical experts. The total revenues were in excess of $15 million in 2010. The acquisition follows Evonik’s March 2011 purchase of Boehringer Ingelheim&#...