France's Novacap scoops up U.S. CDMO

PCI Synthesis, a CDMO based in the Boston area, is being acquired by France's Novacap. (PCI Synthesis)

Novacap, a French company that specializes in pharmaceutical synthesis and advanced specialties, is taking on new skills with the acquisition of a Massachusetts-based CDMO.

Novacap has a deal to buy Boston area-based PCI Synthesis, whose services include commercial production of new chemical entities, generic APIs as well as research and early stage development.

PCI has a manufacturing facility in Newburyport, Massachusetts, and an R&D facility in Devens, Massachusetts. Terms of the deal were not disclosed, but according to the announcement, PCI had about $32 million in sales last year.

Free Daily Newsletter

Like this story? Subscribe to FiercePharma!

Biopharma is a fast-growing world where big ideas come along daily. Our subscribers rely on FiercePharma as their must-read source for the latest news, analysis and data on drugs and the companies that make them. Sign up today to get pharma news and updates delivered to your inbox and read on the go.

"The acquisition of PCI Synthesis perfectly fits with our strategic roadmap as it will strengthen our offering to the pharmaceutical industry and provide Novacap with a strong and innovative platform to accelerate our development in the U.S.,” Novacap CEO Pierre Luzeau said in a statement.

Based in Lyon, France, Novacap has 28 industrial plants, including 12 cGMP manufacturing sites, two main R&D centers and its comprehensive range of services. It has about 3,000 employees and tallied sales of $1 billion last year.


Suggested Articles

Boehringer Ingelheim intends to make a significant investment in its three manufacturing sites in Mexico in the next three years.

Dendreon has signaled faith in its struggling prostate drug Provenge by signing a 10-year lease extension for its California manufacturing facility.

Daiichi Sankyo says it still unable to fulfill a government mandate to be able to produce enough H5N1 flu vaccine to fight an epidemic in Japan.