Sigma-Aldrich buys Pharmorphix

13 August 2006

USA-based life science research firm Sigma-Aldrich says that it has acquired UK R&D specialist Pharmorphix, in a move that it believes will broaden its capabilities and customer-base. Sigma added that Pharmorphix, which achieved revenues of approximately $5.0 million over the past 12 months, will not have a direct impact on its sales. Instead, the newly-purchased group will be integrated into SAFC to help it reach its growth goals over the next few years. Financial terms of the deal were not provided. The St Louis-headquartered company also said that this is the second corporate purchase it has made this year, after it bought the Ironpharm manufacturing site from Ireland's Honeywell International.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK





Today's issue

Company Spotlight