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Home / Health News / GVK BIO acquires US-based Aragen Bioscience, Inc.

GVK BIO acquires US-based Aragen Bioscience, Inc.

GVK BIO, a leading small-molecule contract research organization (CRO), has announced acquisition of US-based Aragen Bioscience, Inc., a pre-clinical CRO specialising in high-value biologics services.

By: Agencies   | | Published: January 29, 2014 4:25 pm
Tags: GVK Bioscience  In the news  

medical researchGVK BIO, a leading small-molecule contract research organization (CRO), has announced acquisition of US-based Aragen Bioscience, Inc., a pre-clinical CRO specialising in high-value biologics services. Also Read - Ganesh Chaturthi 2020: 4 reasons an eco-friendly Ganesha is good for you

The Hyderabad-based company Wednesday said it entered into an agreement to acquire the capital stock of Aragen Biosciences. It, however, has not disclosed financial details of its first overseas acquisition. Also Read - 7 reasons why the #BeefBan is good



This acquisition provides GVK with world-class expertise in large molecule research and development services and high-content biological services, the company said in a statement. Also Read - Weight loss diet: How to eat healthy in a restaurant when you want to lose weight

Combined with GVK BIO’s established small molecule discovery and development capabilities, this expansion uniquely position GVK BIO as a leading provider of integrated research and development (R&D) services across both large and small molecule platforms and provides a base for further expansion. (Read: Piramal Health acquires Bayer’s Molecular Imaging portfolio and probable Alzheimer detector)

‘As an increasing number of biotech and pharmaceutical companies focus on protein based therapeutics and bio-similars, the acquisition of Aragen Bioscience will strategically enhance GVK BIO’s ability to offer high quality R&D services to the industry from a seamless integrated platform’, GVK BIO chairman D. S. Brar said.

‘Aragen’s scientific excellence and expertise in large-molecule R&D services combined with GVK BIO’s scale, resources, and global reach will create significant synergies for both companies’ stated Rick Srigley, president and chief executive officer, Aragen Bioscience. (Read: Vedanta picks up 60% stake in Primex healthcare)

Source: IANS

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Published : January 29, 2014 4:25 pm
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