 |
|
BioResearch ups acquisition quotient
Quotient BioResearch, a provider of safety evaluations to the bioscience industries, has purchased drug development specialist BioDynamics in a move that complements its existing drug development capabilities and grows its revenues to £35 million plus.
BioDynamics represents the company’s fourth acquisition to date since its inception in early 2007, and its third acquisition in the drug development services sector in the past 12 months. Further acquisitions are anticipated.
Commenting on the purchase, Quotient BioResearch CEO Paul Cowan said: “We have experienced considerable growth in demand for the drug development services we offer. We will be making major investments at both BioDynamics and Quotient BioResearch to further underpin our commitment to meeting the current and future requirements of our clients.”
RBS subsidiary Ulster Bank provided the debt finance, with Ernst & Young’s Belfast office advising on financial matters, and Mishcon de Reya acting as legal counsel.
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- Corporates idealistic about M&A Dec 02 2008
- Conference takes M&A global Dec 02 2008
- RedHot Media buys AllChina advertising stake Dec 02 2008
- ESI Group’s US software deal Dec 01 2008
- Adecco takes controlling stake in DNC Dec 01 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- IMS Maxims acquires CSW assets Dec 02 2008
- Intertek deal to test Eastern Europe Dec 02 2008
- Ultra Electronics gains MidEast foothold Dec 01 2008
- Moto picks up Roadchef site Nov 28 2008
- Accessories 4 Technology's £4m boost Nov 28 2008
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February