M&As this week: Ardena Group, Sumitomo Chemical

29th September 2017 (Last Updated September 29th, 2017 18:40)

Belgian contract development and manufacturing organisation Ardena Group has completed the acquisition of Netherlands-based bioanalytical contract laboratory services provider Analytical Biochemical Laboratory.

Belgian contract development and manufacturing organisation Ardena Group has completed the acquisition of Netherlands-based bioanalytical contract laboratory services provider Analytical Biochemical Laboratory.

The acquisition enables Ardena to expand its pre-clinical and clinical offerings.

Sumitomo Chemical plans to acquire 20% stake in nucleic acid medicines developer Bonac for CNY4bn ($35.64m).

"Sumitomo Chemical plans to acquire 20% stake in nucleic acid medicines developer Bonac for CNY4bn ($35.64m)."

The acquisition will enable Bonac to expand its new drug development and manufacturing business.

Both the acquirer and target companies are based in Japan.