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Gala Biotech among companies sold for $3.3 billion

Madison, Wis. - In a transaction that could lead to a local expansion, Cardinal Health has reached a definitive agreement to sell its pharmaceutical technologies and services (PTS) segment, including the Middleton-based Gala Biotech, to the Blackstone Group for $3.3 billion......

Full article >>> ccupies several positions in the pharmaceutical technologies and services market, including contract manufacturing, drug development, and packaging and printing services.

Gala Biotech is considered a synergistic fit because of its GPEx gene insertion technology. Gala uses the technology to manufacture cell lines, and then uses the cell lines to produce recombinant proteins for clinical a......

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Source:wistechnology.com By WTN News 01/26/07


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