JSR acquire KBI Biopharma

JSR to acquire KBI Biopharma

6:02 AM, 27th February 2015
JSR to acquire KBI Biopharma

SUNNYVALE, US/TOKYO, JAPAN: JSR Corporation, along with Tokyo-based CMIC Holdings Co Ltd (CMIC) and Innovation Network Corporation of Japan (INCJ), have agreed to acquire KBI Biopharma, Inc, a biopharmaceutical contract development and manufacturing organization with facilities in Durham and Research Triangle Park, North Carolina and Boulder, Colorado, US. Following completion of the acquisition, JSR will own the majority interest in KBI within the acquiring group.

With this acquisition, JSR continues to demonstrate its commitment to the life sciences industry, by expanding its bioprocess capabilities and gaining a strong, successful partner.

In addition to the acquisition of KBI, JSR and CMIC have entered into a joint project to develop design and manufacturing processes and process materials for the next generation of antibody pharmaceuticals. Both companies expect the new relationship with KBI to contribute greatly to the project’s success. INCJ will support this, and other development efforts, through its industry-academia-government network in Japan. The global biopharmaceutical market is forecast to expand to $2.5 trillion in 2024, and the manufacturing process development and contract manufacturing markets are projected to grow to $8.3 billion.

“This event is best described as the beginning of a partnership that will enable each company to continue to provide innovation for the bioprocessing development and manufacturing space. We have been extremely impressed with KBI at the technical, management and customer service levels. We will look to KBI to enhance our bioprocess product development and increase our understanding of the market in general. We expect that KBI’s extensive experience, expertise and technology will help drive our innovation cycle,” said Mitsunobu Koshiba, President, JSR Corporation.

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