Astorg Acquires Pharmaceutical CDMO CordenPharma from ICIG

May 2, 2022

Astorg has signed a binding agreement to acquire CordenPharma, a global contract development and manufacturing organization (CDMO) focused on APIs, excipients and drug products, from International Chemical Investors Group (ICIG). CordenPharma employs over 2,600 people across 11 manufacturing sites and an R&D laboratory in Europe and the US; the founders will reinvest alongside Astorg. The transaction is subject to customary regulatory approvals and terms were not disclosed.

Buyers
Astorg
Targets
CordenPharma
Sellers
International Chemical Investors Group (ICIG)
Industry
Pharmaceuticals
Location
Basel-Stadt, Switzerland
Transaction Type
Buyout

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