Cambrex to Acquire Snapdragon Chemistry, a Leader in Continuous Flow API Development Services
PR98905
EAST RUTHERFORD, N.J., Nov. 21, 2022 /PRNewswire=KYODO JBN/--
Cambrex, a leading global contract development and manufacturing organization
(CDMO) providing drug substance, drug product, and analytical services across
the entire drug lifecycle, today announced that it has entered into a
definitive agreement to acquire Snapdragon Chemistry, a leading US-based
provider of chemical process development services to a broad range of emerging
and established biopharma customers.
Snapdragon specializes in active pharmaceutical ingredient (API) batch and
continuous flow process development, utilizing state-of-the-art automation
technology and proprietary equipment to solve complex process and analytical
development challenges. The team of scientists and engineers apply deep process
understanding afforded by data-rich experimentation to design and rapidly
execute efficient GMP and non-GMP manufacturing processes. With R&D and
manufacturing headquartered in Waltham, Massachusetts, Snapdragon's 74
employees come with strong ties to the local scientific community, with 31 PhD
scientists on staff.
"The acquisition of Snapdragon will accelerate our growth in the area of
continuous flow process development and manufacturing, complementing our recent
organic investments in our High Point, North Carolina facility," said Tom
Loewald, CEO of Cambrex. "With R&D and manufacturing capabilities in the heart
of Boston's biopharma hub, Snapdragon will continue to focus on solving their
customers' most difficult process development challenges."
"We are excited to be joining Cambrex, a company with over 40 years of drug
substance development and manufacturing expertise," said Matt Bio, CEO of
Snapdragon. "Partnering our best-in-class process development capabilities with
Cambrex's larger scale manufacturing facilities in North America and Europe is
a natural fit, both for our employees and our customers."
Snapdragon recently opened its second facility, a new 51,000-square-foot
facility to manufacture experimental pharmaceutical products for human clinical
trials. The new facility expanded the company's capacity for supplying clinical
intermediates and drug substances.
The transaction is expected to close following the completion of customary
regulatory approvals. This will be Cambrex's second acquisition within a year
along with Q1 Scientific, consistent with its strategy to expand its portfolio
of specialized solutions for pharmaceutical development and manufacturing.
About Cambrex
Cambrex is a leading global contract development and manufacturing organization
(CDMO) that provides drug substance, drug product, and analytical services
across the entire drug lifecycle. With over 40 years of experience and a
growing team of over 2,300 experts servicing global clients from North America
and Europe, Cambrex is a trusted partner in branded and generic markets for API
and finished dosage form development and manufacturing.
Cambrex offers a range of specialized drug substance technologies and
capabilities, including biocatalysis, continuous flow, controlled substances,
solid-state science, material characterization, and highly potent APIs. In
addition, Cambrex can support conventional dosage forms, including oral solids,
semi-solids, and liquids, and has the expertise to manufacture specialty dosage
forms such as modified-release, fixed-dose combination, pediatric, bi-layer
tablets, stick packs, topicals, controlled substances, sterile, and non-sterile
ointments.
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Source: Cambrex
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