BioGenes announces management buy-out
![](/46/pdcnewsitem/03/78/98/biogenes.png)
The MBO will support future growth by driving innovations for customers and building new strategic partnerships to further expand market position as a leader in host cell assay development.
BioGenes has acquired all outstanding shares from its existing shareholders GUB Unternehmensbeteiligungen GmbH & Co. KGaA and VC Fonds Berlin GmbH for an undisclosed price. The management team consisting of the two founders Dr Alexander Knoll and Dr Sergej Ovodov have taken over these shares in a management buy-out (MBO). The acquisition was been finalized on 31 October 2015.
Dr Alexander Knoll, Managing Director of BioGenes said: "We are delighted to have reached an agreement with the previous shareholders and we would like to take the opportunity to thank them for their loyalty. With their support, BioGenes has been growing strongly over the last years. The MBO will support our future growth strategy by driving innovations for customers and building new strategic partnerships with the aim to further expand our market position as a leader in host cell assay development."
Dagmar Schwertner, Marketing Director of BioGenes said: “BioGenes is known as a trusted and experienced expert in immunoassay, 2D electrophoresis and antibody development and we intend to continue systematically down the path we have started on. High quality standards throughout the whole value chain will of course be ensured in the years ahead.”
Related News
-
News Ophthalmologic drug product Eylea faces biosimilar threats after FDA approvals
Regeneron Pharmaceutical’s blockbuster ophthalmology drug Eylea is facing biosimilar competition as the US FDA approves Biocon’s Yesafili and Samsung Bioepis/Biogen’s Opuviz. -
News ONO Pharmaceutical expands oncology portfolio with acquisition of Deciphera
ONO Pharmaceutical, out of Japan, is in the process of acquiring cancer-therapy maker Deciphera Pharmaceuticals for US$2.4 billion. -
News First offers for pharma from Medicare drug price negotiations
Ten high-cost drugs from various pharma manufacturers are in pricing negotiations in a first-ever for the US Medicare program. President Biden’s administration stated they have responded to the first round of offers. -
News Eli Lilly’s Zepbound makes leaps and bounds in weight-loss drug market
In the last week, Eli Lilly has announced their partnership with Amazon.com’s pharmacy unit to deliver prescriptions of Zepbound. Zepbound has also surpassed Novo Nordisk’s Wegovy for the number of prescriptions for the week of March 8.&nbs... -
News Chasing new frontiers at LEAP – The National Biotechnology Strategy Keynote
On the third day of LEAP (4–7 March 2024, Riyadh Exhibition and Convention Centre, Malham, Saudi Arabia) the CPHI Middle East team hosted the Future Pharma Forum, to set the scene for an exciting new event for the pharma community, coming to Riya... -
News Pfizer maps out plans for developing new oncology therapeutics by 2030
Pfizer dilvulges plans to investors around growing their cancer portfolio, and the drugs they will be focusing on developing after their aquisition of Seagen in 2023. -
News Generics threat to Merck’s Bridion as Hikma seeks pre-patent expiry approval
Merck has disclosed they received notice from Hikma Pharmaceuticals for seeking a pre-patent expiry US FDA approval for Hikma’s generic version of Merck’s Bridion. -
News Bernie Sanders vs Big Pharma - the latest on drug price negotiations
In a hearing in front of the US Senate, three of the biggest pharmaceutical companies in America are challenged over exorbitant prescription drug prices, with Sanders claiming their actions are limiting the population's access to affordable healthc...
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance