India's Intas acquires USA's BPD Inc

Indian company Intas Biopharmaceuticals has acquired US-based biotechnology enterprise Biologics Process Development Inc (BPD Inc) based in Poway, California. With the acquisition process underway, both Intas and BPD Inc are actively pursuing plans to work closely toward fulfilment of common business objectives in the area of biologics contract research and manufacturing services (CRAMS). No financial details of the transaction have been revealed.

Intas says that this development will facilitate and assist its foray into the US marketplace especially to expand its CRAMS business. With mutual understanding and agreement between the two companies, Scott Brown, founder, president and chief scientific officer of the US concern will continue in both executive capacities.