GEN Exclusives

More »

GEN News Highlights

More »
Feb 14, 2007

Invitrogen Sells Contract Services Business for $210M

  • Avista Capital Partners acquired Invitrogen’s contract service organization for $210 million. BioReliance is a contract service organization providing biological safety testing, toxicology, viral manufacturing, and laboratory animal diagnostic services.

    The firms expect to close the deal during the second quarter of 2007.

    Invitrogen acquired BioReliance in 2004. The company has over 600 clients annually. Its services and broad experience provide all of its clients with a cost-effective alternative to the fixed costs associated with internal development and manufacture, according to Avista.

    "BioReliance has an excellent track record as a premier service provider and is a recognized leader in each of its service areas,” comments David Burgstahler, a partner at Avista Capital Partners. “We believe BioReliance is poised for continued success in today's biopharmaceutical environment, which is seeing increased regulatory scrutiny and a shift toward outsourcing noncore activities."

    Charles Harwood will serve as chairman of the BioReliance board of directors. Harwood was previously president and CEO of Focus Diagnostics.



Jobs

GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
 Searching...
More »

GEN Poll

More » Poll Results »

Block That Microbiome Metaphor!

Which way of thinking about the microbiome would best integrate the virome’s contributions?