24 Nov 2015
Interims, acquisition and equity capital raise
Abzena has announced the proposed acquisition of The Chemistry Research Solution LLC (TCRS), a profitable ADC chemistry services business based in Pennsylvania, and a net £20m equity capital raise to fund the acquisition, manufacturing related CapEx and further investment in ABZENA inside product development. In our view, TCRS represents an excellent fit with Abzena’s existing offering, complements the recent acquisition of PacificGMP, and creates significant cross-selling opportunities. The com ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Interims, acquisition and equity capital raise
Abzena (ABZA:LON) | 0 0 (-0.9%) | Mkt Cap: 54.0m
- Published:
24 Nov 2015 -
Author:
Dr Jens Lindqvist -
Pages:
12
Abzena has announced the proposed acquisition of The Chemistry Research Solution LLC (TCRS), a profitable ADC chemistry services business based in Pennsylvania, and a net £20m equity capital raise to fund the acquisition, manufacturing related CapEx and further investment in ABZENA inside product development. In our view, TCRS represents an excellent fit with Abzena’s existing offering, complements the recent acquisition of PacificGMP, and creates significant cross-selling opportunities. The com ....