Friday, April 5, 2013

Althea Technologies Acquisition Completes

San Diego-based biopharmaceuticals contract manufacturer Althea Technologies is now officially part of Japanese conglomerate Ajinomoto Co., Inc., the firms said late Thursday, as the acquisition of Althea completed. The firms said that Ajinomoto paid approximately $175M for Althea Technologies. Althea has been renamed Ajinomoto Althea, Inc. Althea was a provider of contract manufacturing services, and provided both clinical and commercial product development services. The two had originally announced the deal in March.

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