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Chinese CDMO Asymchem Expands US Footprint

Acquires Snapdragon Chemistry for $58 million.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Asymchem Laboratories (Tianjin) Co., Ltd., a contract development and manufacturing organization (CDMO) serving the global pharmaceutical and biotech industry, has acquired Snapdragon Chemistry, a U.S.-based chemical technology company providing expertise in continuous manufacturing and early-stage chemical process development services to the pharmaceutical and fine chemical industries for $57.94 million. This addition will expand Asymchem’s footprint in the U.S., offering customers a seam...

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