Cytiva expansion tear continues with CEVEC Pharma acquisition

Original from: Fiercepharma

Cytiva, backed by a $1.5 billion investment from its parent company, the Danaher Group, continued its expansion tear with the acquisition of CEVEC Pharmaceuticals.

CEVEC, which is based in Cologne, Germany, focuses on high-performance cell line development and viral vector manufacturing technologies.

CEVEC and its 46 scientific employees become part of Cytivia with the sale. Financial terms of the deal weren’t disclosed.

The acquisition gives Massachusetts-based Cytivia access to scalable production cell lines for vectors based on adeno-associated viruses and adenoviruses, which are two of the most widely used vectors for delivering therapeutic genes to target cells and tissues. The technology will help Cytiva keep up with the increasing demand in the industry for volume and consistent quality of viral vectors, according to an Oct. 6 press release.

“With Cytiva's global reach and ability to scale, more customers will have access to CEVEC's technology and expertise to help accelerate and advance therapeutics for the benefit of patients,” Emmanuel Abate, Cytivia’s president of genomic medicine, said in the press release.

Source: Cytiva expansion tear continues with CEVEC Pharma acquisition