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Pharmaron Beijing Pays Up to $137.5 Million to Acquire Absorption, a US CRO

publication date: Nov 9, 2020

Pharmaron Beijing, a CRO/CMO, acquired Absorption Systems of Philadelphia in a deal work up to $137.5 million. Absorption Systems is a non-clinical CRO that provides research and testing for small and large molecules, cell and gene therapies, ocular and medical device products. It has facilities in Philadelphia, San Diego and Boston. Pharmaron, which offers laboratory, CMC and clinical development services, said the acquisition will increase its global services. More details....

Stock Symbols: (SHZ: 300759; HK: 3759)

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