MSD (the UK division of Merck) is to acquire the biologics business of the Avecia group.
Avecia Biologics is a contract manufacturing organisation with specific expertise in microbial-derived biologics, based in the UK.
“At Merck we continue to execute on our strategy of expanding our biopharmaceutical expertise and manufacturing capacity,” said John T. McCubbins, Senior Vice President, Biologics and Therapeutic Protein Operations, Merck Manufacturing Division. “This transaction follows an initial strategic development and supply relationship with Avecia Biologics and will provide us with an operational facility staffed by an experienced workforce that is highly skilled in a broad portfolio of bioprocess systems.”
Under the terms of the agreement, Merck will acquire Avecia Biologics Limited and all its assets, including all the company’s process development and scale-up, manufacturing, quality and business support operations located in Billingham, UK.
In addition to honouring all Avecia Biologics’ contractual commitments, Merck has announced that it plans to engage in discussions with individual customers relating to their specific ongoing and future biological process development and manufacturing needs after the transaction is closed.
“Over the past ten years, Avecia Biologics has built and established an enviable reputation for bioprocess development and timely delivery of quality biopharmaceutical ingredients for our customers,” said Steve Bagshaw, President, Avecia Biologics. “This acquisition recognises these successes and now provides the exciting opportunity to focus on advancing Merck’s broad early and mid-stage portfolio of biologic candidates.”
The closing of the transaction is subject to regulatory approval.