Contract development and manufacturing organisation acquires a specialist contract manufacturer of novel active pharmaceutical ingredients and excipients, strengthening its API offering
The acquisition of Syntagon by Ardena, is the companies’ first outside the Benelux region. The expansion of its drug substance manufacturing capacity means bigger batch sizes of up to 100 kg can now be handled by Ardena.
Syntagon also adds specialist expertise in GMP chromatographic purification processes to the group.
The announcement follows Ardena’s acquisition of ChemConnection in March 2018 and is part of its strategy to form a leading integrated drug development company and reach the €35m sales mark this year.
Harry Christiaens, CEO of Ardena, said: “At Ardena, it is our goal to become a one source contractor by offering an integrated set of services to meet all chemical, pharmaceutical and (bio)analytical needs that arise in the clinical supply chain from lab to patient. This is the driver of our M&A strategy.”
“By adding the ChemConnection and Syntagon capabilities to our group, we can now offer specialist technology expertise in drug substance manufacturing.”
Christiaens continued: “The Syntagon acquisition gives us a presence in Scandinavia, where we are well positioned to capitalise on the emerging biotech segment and broader pharmaceutical market. With support from our financial investor Mentha Capital, we will continue to focus on both organic growth and acquisition opportunities on our path to create an internationally recognised drug development company.”
Michael Lofthagen, CEO at Syntagon added: “Our customers can now benefit from a more integrated service offering, which will ultimately streamline the progress of products through clinical development. We are looking forward to leveraging the synergies across the Ardena group to deliver the best possible offering to the market.”