Somerset, New Jersey-based CDMO Catalent is continuing its investment and expansion campaign, announcing Tuesday that it will buy Juniper Pharmaceuticals for more than $130 million.
Catalent said the deal includes Juniper’s Nottingham, U.K.-based pharma services division, which provides high-end fee-for-service pharmaceutical development and clinical trials manufacturing.
“Juniper’s proven solutions and capabilities will further support Catalent’s strategic goal to be the most comprehensive partner for pharmaceutical innovators,” Jonathan Arnold, president of Catalent Oral Drug Delivery, said in a statement.
Catalent is paying $11.50 per share for the Boston-based development specialist. Juniper shares closed Monday at $8.70 per share.
Juniper also has contract with Merck KGaA to supply Crinone progesterone gel outside of the United States, an agreement that Catalent will continue. The deal is expected to close this quarter.
This deal follows Catalent’s decision last fall to pay $950 million to buy Cook Pharmica. In that deal, Catalent got Cook’s 875,000-square-foot development and manufacturing facility in in Bloomington, Indiana, along with 750 new employees.
Catalent currently has approximately 11,000 employees, more than 30 facilities across five continents, and in fiscal 2017 generated over $2 billion in annual revenue.