Wacker Biotech acquires biologics firm, BioNet Ventures
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Wacker Biotech acquires biologics firm, BioNet Ventures

11:26 AM, 13th November 2013
Wacker Biotech acquires biologics firm, BioNet Ventures

MUNICH/HALLE, GERMANY: Wacker Biotech GmbH, a subsidiary of Wacker Chemie AG, is acquiring a production site for bioengineered pharmaceutical proteins (biologics), including the associated business, from BioNet Ventures GmbH.

WACKER’s acquisition covers the assets of Scil Proteins Production at the SCIL site in Halle, eastern Germany, including the patent portfolio. WACKER will be continuing Scil Proteins Production’s existing customer partnerships. The Munich-based chemical group will also retain the SCIL staff. The transaction is expected to close early next year.

“We see the acquisition as a crucial step towards extending our service to customers to cover the market-supply phase following approval of customer drugs more adequately,” said Dr Gerhard Schmid, President, WACKER BIOSOLUTIONS.

“Our partners’ various pharmaceutical projects, which we have proactively supported during preclinical and clinical development, are about to be launched on the market. Expanding our production capacities in this way comes at an ideal time for both ourselves and our customers. Additionally, SCIL’s refolding expertise complements our own technology platforms and extends the range of services that we offer as a leading contract manufacturer of biopharmaceutical proteins with microbial technologies,” explained Schmid.

 

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