Hovione Acquires ExtremoChem

November 28, 2023

Hovione has acquired ExtremoChem, a developer and commercializer of synthetic sugars for stabilizing biopharmaceuticals, to add functional materials to its CDMO platform. Financial terms were not disclosed; Hovione said the acquisition enhances its formulation, particle engineering and stabilization capabilities and will support wider market adoption of ExtremoChem’s sugars.

Buyers
Hovione
Targets
ExtremoChem
Industry
Biotechnology
Location
Portugal
Transaction Type
Buyout

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