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Merck buys bio-CMO, will focus on internal pipeline.
December 17, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
Merck will acquire Avecia Biologics from the Avecia group through its affiliate Merck Sharp & Dohme. Avecia Biologics is a contract manufacturing organization with specific expertise in microbial-derived biologics. Financial details of the transaction were not disclosed. “At Merck we continue to execute on our strategy of expanding our biopharmaceutical expertise and manufacturing capacity,” said John T. McCubbins, senior vice president, Biologics and Therapeutic Protein Opera...
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