Contract research organization
GVK BIO to acquire Aragen Bioscience, Inc.
Asia’s leading small-molecule contract research organization (CRO), GVK BIO and Aragen Bioscience, Inc., a privately held US based, pre-clinical CRO specializing in high-value biologics services, have entered into an agreement to acquire the capital stock of Aragen Bioscience. GVK BIO has established itself as a pre-eminent small molecule service provider. This is GVK BIO’s first international acquisition; the financial details were not disclosed.
This deal enables GVK BIO to expand its service offering to a broader base of organizations and gives GVK BIO expertise in biologics services and a significant US presence. The acquisition provides Aragen with the ability to expand its service offerings, access to GVK BIO’s global sales force and access to new markets.
The acquisition of Aragen Bioscience provides GVK BIO with world-class expertise in large molecule R&D services and a unique and extensive set of high-content biological services. Combined with GVK BIO’s established small molecule discovery and development capabilities, this expansion uniquely position GVK BIO as a leading provider of integrated R&D services across both large and small molecule platforms and provides a base for further expansion.
D S Brar, chairman, GVK BIO, said,“As an increasing number of biotech and pharmaceutical companies focus on protein based therapeutics and biosimilars, the acquisition of Aragen Bioscience will strategically enhance GVK BIO’s ability to offer high quality R&D services to the industry from a seamless integrated platform.”
“Aragen’s scientific excellence and expertise in large-molecule R&D services combined with GVK BIO’s scale, resources, and global reach will create significant synergies for both companies” stated Rick Srigley, president & CEO, Aragen Bioscience.
GVK BIO provides a broad spectrum of integrated services, across the R&D and manufacturing value chain with a focus on speed and quality. GVK BIO capabilities include discovery research, discovery services, clinical development, contract manufacturing, formulations and informatics. GVK BIO’s 2400 employees serve a diverse and global customer base of more than 300 satisfied customers.
Aragen Bioscience, Inc. is a privately held contract research organization with offices and laboratories in the San Francisco Bay Area. Aragen Bioscience offers a diverse set of services for the discovery, characterization, activity assessment and early development of biologic and diagnostic products.
Source : PharmaBiz
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D A Prasanna elected ACRO India’s new chairman
The Association of Contract Research Organizations (ACRO) India has unanimously elected D A Prasanna, founder and chairman Ecron Acunova, as the chairman of the Association. He took over from Apurva Shah, group managing director, Veeda Clinical Research Pvt. Ltd.
Speaking on the appointment, D A Prasanna said that clinical research in India has contributed to bringing vaccines, drugs, devices to needy patients at affordable prices. From neglected diseases like kala azar to tropical disease like malaria, Indian clinical research has alleviated suffering. India has made a name in the world in lowering healthcare costs through generics and building a reputation in development of biotech drugs and medical devices. In the last few years, clinical research has come under criticism as being unsafe and severe regulation has been imposed.
ACRO India’s priority is to promote safe conduct of clinical research without impeding the development of much needed drugs for Indian patients. ACRO India will promote global best practice to make Indian research data useful to market drugs developed in India, across the world.
As the founder and chairman of Ecron Acunova CRO, Prasanna has built an Indian CRO with presence in 28 countries and helped bring advanced cell therapy drugs to generic drugs to Indian and global patients. He has experience in leveraging Asian competitiveness, building successful global business in medical technology for GE and software for Wipro. Considered a thought leader in Life Sciences, he has held global CEO positions in GE Healthcare and was vice chairman of Wipro. He serves on biotechnology vision group of Karnataka government.
ACRO India founded and registered in India in 2005 has been formed under the aegis of Confederation of Indian Industry (CII) for bringing all CROs operating in India under one common platform. ACRO India will promote quality research, uphold ethics, share best practices, promote synergies amongst members, to deliberate and act upon common concerns, specially with regard to Indian regulations and industry environment. ACRO India will represent the interests of Indian CROs to regional, national and international authorities and organizations.
Source:PharmaBiz
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