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Emergent BioSolutions To Acquire Cangene

Expands manufacturing capabilities with fill/finish business in $222 million buy

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By: Kristin Brooks

Managing Editor, Contract Pharma

Emergent BioSolutions Inc. has entered into a definitive agreement to acquire Cangene Corp. in an all-cash transaction valued at $222 million. The acquisition is part of Emergent’s growth plan to diversify its revenue mix, adding commercial product sales. The transaction and is expected to close in 1Q14.   Cangene, a specialty therapeutics company focused primarily on biodefense applications, as well as infectious disease, hematology and transplantation, has manufacturing and plasma collection f...

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