Abzena plc Acquires The Chemistry Research Solution (TCRS)
November 24, 2016
Abzena plc has agreed to acquire The Chemistry Research Solution LLC (TCRS), a specialist contract chemistry and bioconjugation company based in Bristol, Pennsylvania, for $15 million plus assumed debt and share consideration. The acquisition broadens Abzena's ADC (antibody-drug conjugate) capabilities, adds US operating presence on the East Coast and creates cross-selling and GMP biomanufacturing expansion opportunities.
- Buyers
- Abzena plc
- Targets
- The Chemistry Research Solution LLC (TCRS)
- Industry
- Biotechnology
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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