WuXi to acquire AppTec for $151M
China's WuXi PharmaTech, a provider of pharmaceutical R&D outsourcing services, has signed a definitive agreement to acquire USA-based AppTec Laboratory Services. The transaction, which totals around $151.0 million with the assumption of about $11.7 million of AppTec debt, will allow WuXi to immediately obtain biologics capabilities and expertise, gain a significant US operational footprint and expand its customer base and addressable market size.
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