Eurofins Acquires the Discovery and Development Solutions Business of Merck KGaA - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

Eurofins Acquires the Discovery and Development Solutions Business of Merck KGaA



Eurofins Scientific has signed an agreement to acquire the assets of the Discovery and Development Solutions (DDS) business of Merck Millipore (EMD Millipore in the United States and Canada), the Life Science division of Merck KGaA, Darmstadt, Germany. DDS is a provider of bioanalytical testing and early stage discovery services and products to the biopharmaceutical market. DDS generates revenues of about $35 million with 175 employees from its three sites in Missouri, Scotland, and England.

In addition, DDS provides expertise in bioanalytical testing to support clinical trials. The acquisition of DDS will strengthen Eurofins' presence in the early stage discovery solutions market while adding expertise in high-quality bioanalytical services, according to the company. After the transaction, DDS will continue to provide products and services to Merck KGaA's pharma business.

As part of the agreement, DDS will continue to be led by Christina Shasserre, who has headed the DDS business since 2010. Shasserre will become president of Eurofins Pharma BioAnalytical Services, as the company will be renamed following the closing. The transaction is subject to standard closing conditions, which the parties expect to complete within 90 days.

Source: Eurofins Scientific

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
FDASIA was signed into law two years ago. Where has the most progress been made in implementation?
Reducing drug shortages
Breakthrough designations
Protecting the supply chain
Expedited reviews of drug submissions
More stakeholder involvement
Reducing drug shortages
70%
Breakthrough designations
4%
Protecting the supply chain
17%
Expedited reviews of drug submissions
2%
More stakeholder involvement
7%
View Results
Eric Langerr Outsourcing Outlook Eric LangerTargeting Different Off-Shore Destinations
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerAsymmetric Synthesis Continues to Advance
Jill Wechsler Regulatory Watch Jill Wechsler Data Integrity Key to GMP Compliance
Sean Milmo European Regulatory WatchSean MilmoExtending the Scope of Pharmacovigilance Comes at a Price
New FDA Team to Spur Modern Drug Manufacturing
From Generics to Supergenerics
CMOs and the Track-and-Trace Race: Are You Engaged Yet?
Ebola Outbreak Raises Ethical Issues
Better Comms Means a Fitter Future for Pharma, Part 2: Realizing the Benefits of Unified Communications

Click here