Thursday 22 December 2016

AGC SIGNS AGREEMENT FOR ACQUISITION OF LEADING BIOPHARMACEUTICAL CDMO, CMC BIOLOGICS

TOKYO, Dec 20 (Bernama-AsiaNet) -- AGC Asahi Glass ("AGC"), a world-leading manufacturer of glass, chemicals and high-tech materials, announced on December 20 that it has entered into an agreement to acquire 100% of the shares in CMC Biologics ("CMC"), a world-leading biologics active pharmaceutical ingredient ("API") manufacturer with major investors including Monitor Clipper Partners and European Equity Partners, for the purchase price of approximately 60 billion Japanese yen. The agreement remains subject to approval from the relevant antitrust authorities, and the acquisition is expected to be completed in January 2017.

http://mrem.bernama.com/viewsm.php?idm=28168

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