Ampersand Capital Partners has acquired and merged biomarker testing services provide Pacific Biomarkers into its existing portfolio company, NEOMED-LABS.
The acquisition has broadened Ampersand Capital’s portfolio and will expand its business by improving its expertise in custom biomarker validation, assay development, and clinical sample testing.
Based in the US, private equity firm Ampersand Capital will develop the world-class laboratories of both companies into a centre of excellence for clinical immunology, which will also provide services for specialty biomarker testing.
Bioblast Pharma has entered a definitive agreement to acquire Enlivex Therapeutics.
The equity shareholders of Enlivex will receive Bioblast’s ordinary shares after the closure of the merger, while shareholders of Bioblast will receive one contingent value right (CVR) for each share held.
Once the transaction is completed, the combined company will be renamed Enlivex Therapeutics.
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Shareholders of Enlivex will own approximately 96% of the combined company, while Bioblast shareholders will own the remaining 4%.
The merger is expected to be closed by first quarter of 2019.
Bioblast is a biotechnology company, while Enlivex Therapeutics is a biotherapeutics company. Both companies are based in Israel.
Synteract has acquired paediatrics clinical trial solutions provider KinderPharm for an undisclosed amount.
The deal will provide Synteract with access to KinderPharm’s strong client relationships, investigative sites, paediatric indications expertise, and hard-to-find patient populations.
Both based in the US, Synteract is a contract research organisation (CRO), while KinderPharm is a speciality paediatric CRO.