RALEIGH, N.C. & CLEARWATER, Fla.–(Business WIRE)–Jan 19, 2021–
NovaQuest Private Fairness (“NovaQuest”) nowadays declared its acquisition of CoreRx, Inc. (“CoreRx” or the “Company”), a world deal enhancement and manufacturing business (“CDMO”).
Primarily based in Clearwater, FL, CoreRx delivers scientific and industrial CDMO expert services to a vast range of little to mid-sized pharmaceutical and biotech clients. Launched in 2006, the Organization presents preformulation, formulation, analytical and security, clinical manufacturing, industrial manufacturing, and packaging products and services. The Company’s deep development experience enables it to resolve complicated formulation challenges. Its smaller-batch producing abilities, coupled with a responsive buyer frame of mind, allow CoreRx to be a nimble, fingers-on husband or wife for its valued buyers.
“This transaction is an endorsement of CoreRx’s achievements to date and its likely for potential development with NovaQuest, a agency with deep healthcare and daily life sciences experience and a very long background of partnering with sector-leading companies to get them to the upcoming level,” stated Todd R. Daviau, President and CEO of CoreRx. “NovaQuest’s expertise in pharmaceutical expert services and enabling systems will be priceless as we glimpse to further develop and boost the worth of our business enterprise in partnership with our customers.”
“Todd and his management staff have carried out an fantastic occupation creating CoreRx from the ground up, growing from a modest progress firm into a higher-quality, conclude-to-finish CDMO with established commercial abilities,” said Ashton Poole and Jeff Edwards, Associates at NovaQuest. “We search ahead to supporting the CoreRx staff as they carry on to establish out their capabilities and offer finest-in-class service to the pharmaceutical field.”
Affiliates of Signet Health care Companions, an trader in CoreRx given that 2015, will keep a minority situation.
Goldman Sachs Specialty Lending Group offered financial debt financing for the transaction. William Blair & Corporation served as unique economical advisor to CoreRx. Sheppard Mullin and Johnson Pope served as legal advisors to CoreRx, and Smith Anderson served as legal advisor to NovaQuest. Offer conditions had been not announced.
CoreRx is a CDMO with comprehensive-assistance capabilities to guidance clinical by professional manufacturing, featuring condition of the art amenities to aid your offer chain requirements. Our integrated offerings provide thorough companies for the enhancement, manufacturing, and testing of reliable, liquid, and semi-solid dosage kinds. For more info, make sure you pay a visit to www.corerxpharma.com.
About NovaQuest Non-public Fairness:
NovaQuest Non-public Equity is a leading trader in know-how and products and services corporations in the lifestyle sciences and healthcare sectors. NovaQuest was shaped in 2000 with the eyesight of setting up an financial investment platform to offer strategic cash and operational leverage in partnership with potent administration teams. The financial commitment staff is made up of extremely seasoned operational and expense professionals with substantial financial commitment working experience and deep life science and healthcare know-how. Moreover, NovaQuest advantages from an intensive network of field specialists and interactions that aid in figuring out, examining and increasing NovaQuest portfolio organizations and investments. For additional information and facts, remember to pay a visit to www.novaquest.com.
Make contact with: For additional info about CoreRx:
Mark DaFonseca, Chief Business enterprise Officer
(727) 259-6950,[email protected] media inquiries:
Jeremy Milner, BackBay Communications
(401) 862-9422,[email protected]
Key word: UNITED STATES NORTH The us FLORIDA NORTH CAROLINA
Industry Search term: BANKING Expert Solutions FINANCE
Resource: NovaQuest Non-public Equity
Copyright Business Wire 2021.
PUB: 01/19/2021 06:30 AM/DISC: 01/19/2021 06:30 AM
Copyright Business Wire 2021.