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Wacker Strengthens Biologics Business

Acquires US-based plasmid DNA manufacturer Genopis.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

The Munich, Gemany-based chemical company Wacker is acquiring 100 percent of the shares in pharmaceutical contract manufacturer Genopis from South Korea-based firms Helixmith and Medivate Partners. Wacker will continue Genopis’ existing customer relationships as a contract development and manufacturing organization (CDMO) for plasmid DNA (pDNA). The total purchase price for the acquisition consists of a $39 million cash payment due upon closing as well as possible further performance-based...

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