News

Article

MedPharm Receives Investment from Ampersand Capital Partners

MedPharm has received a multi-million dollar investment by Ampersand Capital Partners to diversify its service offering and regional coverage.

MedPharm, a provider of contract topical and transdermal product design and formulation development services, announced on Mar. 26, 2018 that it has received a multi-million dollar investment by Ampersand Capital Partners. Founded 20 years ago, MedPharm’s services currently encompass formulation development, performance testing, and clinical trials manufacturing at its facilities in Guildford, UK and Durham, NC, US.

Dr. Andrew Muddle, co-founder and CEO of MedPharm, said in a press statement, “We are excited to partner with Ampersand to diversify MedPharm’s service offering and regional coverage. We look forward to growing the business together for the benefit of our customers.”

Professor Marc Brown, co-founder and CSO of MedPharm, commented, “We have chosen to partner with Ampersand at an opportune time. Ampersand’s investment will help us respond to strong market demand for MedPharm’s services whilst maintaining our core values of scientific integrity, innovation, and flexibility.”

Ampersand general partner David Parker noted that MedPharm fits Ampersand’s strategy of investing in growth-oriented businesses that have established leadership positions in specialty segments of the contract development and manufacturing organization space. “We are thrilled to have the opportunity to partner with MedPharm’s management team to drive future growth and success of the business,” he said.

Source: MedPharm

 

Newsletter

Get the essential updates shaping the future of pharma manufacturing and compliance—subscribe today to Pharmaceutical Technology and never miss a breakthrough.

Related Videos
A global supply chain map, visualizing the complex network of transportation routes and distribution centers | Image Credit: © venusvi - stock.adobe.com
Shortcut from point A to point B | Image Credit: © Olivier Le Moal - stock.adobe.com
Behind the Headlines, Episode 21: Waters-BD Merger, Merck’s $10B Bet, and Biotech’s Investment Frontiers
Wooden blocks spelling TARIFFS are placed on a map of North America, specifically over the United States and Mexico | Image Credit: © Rokas - stock.adobe.com
Jason Waite, International Trade Expert, Alston & Bird
Simona Guidi, Associate Director, ProPharma
Tore Bergsteiner
Behind the Headlines, Episode 20: CAR-T Milestones, Abbvie and Eli Lilly M&A Moves, and More
Related Content