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Ajinomoto To Acquire Althea

Enters CDMO space with acquisition

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Ajinomoto has entered a definitive agreement to acquire Althea Technologies, a provider of biopharmaceutical development and manufacturing services. The transaction, subject customary closing conditions, is expected to close in early April 2013, at which point Althea will become a fully consolidated subsidiary of Ajinomoto. Financial terms of the deal were not disclosed.   “Ajinomoto is delighted and honored to have Althea, their talented management and employees join our group,” sai...

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