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LSL Pharma Agrees to Acquire Quebec-Based Competitor

Target Co. will be integrated into LSL Laboratory CDMO activities.

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By: Charlie Sternberg

Associate Editor

LSL Pharma Group Inc., a Canadian integrated pharmaceutical company, has entered into a binding Letter of Intent to acquire Target Co., a privately held, Quebec-based competing contract drug manufacturer (CDMO) specialized in the formulation, production, and marketing of natural products.   The $2.5 million purchase price, to be paid in cash only, includes a fully operational manufacturing plant. LSL Pharma anticipates closing the transaction by the end of Q2-2024.   Target Co. is based in t...

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