|[January 29, 2014]
GVK BIO and Aragen Bioscience Sign Definitive Agreement to Acquire Aragen Bioscience, Inc.
HYDERABAD, India & MORGAN HILL, Calif. --(Business Wire)--
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, announce
an agreement through which GVK BIO will acquire the capital stock of
Aragen Bioscience. GVK BIO has established itself as a pre-eminent small
molecule service provider. 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
"As an increasing number of biotech and pharmaceutical companies
focus on protein based therapeutics and bio-similars, 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," sad Mr. D. S. Brar, Chairman, GVK BIO.
"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.
This is GVK BIO's first international acquisition; the financial details
were not disclosed.
About GVK BIO
GVK Biosciences (GVK BIO) is Asia's leading Discovery Research
and Development organizations. 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 (News - Alert). GVK BIO's 2400 employees
serve a diverse and global customer base of more than 300 satisfied
customers. For more information log on to www.gvkbio.com.
About Aragen Bioscience, Inc.
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. More information on Aragen
Bioscience can be found at www.aragenbio.com.
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