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Pharma Tech Outlook | Monday, March 02, 2020
Recipharm purchases Arranta Bio to strengthen its biologics portfolio in the US
FREMONT, CA: "We welcome Arranta and its team of experts who boast a strong reputation in the CDMO industry,” states Marc Funk, Chief Executive Officer at Recipharm. Recipharm, leading global contract development and manufacturing organization (CDMO), has purchased Arranta Bio, a leading CDMO for advanced therapies. The company has created a solid service portfolio as a leader in delivering microbiome therapeutic solutions and mRNA clinical manufacturing capabilities under the leadership of Mark Bamforth and with the support of Ampersand Capital Partners.
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"Arranta is a leading player in its field that we are proud of bringing under the Recipharm umbrella and continue to build in line with our vision of supporting biotechs by providing process development, manufacturing expertise, and bold solutions to take their programs from lab to patient. The acquisition of Arranta establishes a robust US presence for Recipharm. It provides the company with a further platform from which to build its capabilities in new biologics modalities, leveraging Arranta's expertise in advanced therapies to bring a high degree of diversification across multiple technologies and modalities," adds Funk.
The acquisition is a cornerstone of Recipharm's strategy to provide scientifically differentiated contract development and manufacturing services for ATMPs to innovative drug developers in the biologics market. It complements the capabilities acquired through the recently announced GenIbet transaction and the acquisition of Vibalogics, which was also announced today.
Arranta Bio has built a comprehensive microbiome platform that includes fermentation and purification skills for naturally occurring and designed bacteria consortia and analytics, proprietary medium, and cryopreservative formulations. These services optimize yields and survivability for clients testing live biotherapeutic products in the clinic for various infectious, inflammatory, neurological, and oncological illnesses.
Additionally, Arranta Bio is expanding its ability to provide end-to-end mRNA capabilities spanning drug substance and drug product manufacture under one roof, delivering significant time savings in product manufacturing and a hedge against supply chain difficulties for its customers.
“I am convinced that Recipharm will be a great home for Arranta and our talented team and that together we can fulfil our joint vision of building the leading ATMP CDMO. We share Recipharm’s vision of focusing on ATMP customers with novel manufacturing solutions and we see a clear opportunity to accelerate to global scale in this new context,” adds Mark Bamforth, CEO at Arranta.
The acquisition is expected to close in late March 2022, pending usual regulatory approvals.
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