Capsugel to Buy Bend Research to Expand Bioavailability Offering

Capsugel to Buy Bend Research to dosage solutions business

Capsugel will buy Bend Research to expand its dosage form solutions (DFS) business in a deal announced earlier today.

The takeover – financial terms of which were not disclosed – will add Bend's technologies, including its solid dose dispersion platform, to Capsugel's technology offering for the production of oral drugs.

Amit Patel, President of Capsugel DFS, told in-Pharmatechnologist.com that: "One of the many attractions for us to Bend Research was our complementary set of technologies and capabilities, and the people behind them. We expect the staff will integrate and continue to work at what they do best on behalf of customers. 

"In terms of facilities,Bend Research already had plans in place to expand capacity for commercial manufacturing and we expect that this transaction may provide opportunities to accelerate that game plan. 

He added that: "The completion of this transaction is subject to customary closing conditions including approval from regulatory authorities, and is expected to occur within the next 30 days."

Post Pfizer phocus

The Bend acquisition and focus on dosage forms is in keeping with the strategy Capsugel has followed since it was sold by US drug giant Pfizer to investment group KKR for $2.4bn in 2011.

Capsugel set up the DFS unit in February 2013 explaining that the idea was to provide biovailability enhancement services to pharmaceutical firms developing poorly soluble drugs. 

in-Pharmatechnologist.com met Capsugel at Interphex in New York earlier this year - shortly after its acquisition of Encap Drug Deleivery – where it told us it planned to continue to expand the new unit business through other similar acquisitions. The purchase of Bend is clearly a continuation of this process.

Capsule consolidation

The acquisition also fits with the wave of consolidation deals currently sweeping the drug capsule sector. 

In January for example Japan's Mitsubishi Chemical Holdings announced plans to buy Qualicaps for t $654m (€495m) citing the firm's 20% share of the global marketing and "dominant position in the non-gelatin hypromellose capsules (HPMC)” as the key motivation.

More recently contract manufacturing organisation (CMO) Patheon signed a definitive agreement to buy softgel capsule specialist Banner Pharmacaps.

That deal, valued at around $255m, was designed to further expand Patheon's capsule offering and build on the partnership it established with Colombian capsule maker Procaps.

Related News

Capsugel and Bend begin tech transfer following takeover

Capsugel and Bend: 'Marriage made in heaven' as first tech transferred

Bend expands SDD facility with $20m help from new owner Capsugel

Bend expands SDD services with $20m Capsugel capital injection

Capsugel: 'More than a capsule maker,' as it wins manufacturing contract

'No longer simply a capsule provider' - Capsugel wins oral peptide contract

Capsugel acquires lipid drug delivery tech based on Ionic liquid - a salt which is composed out of weakly coordinated anions and cations - from Monash University

Capsugel buys ionic liquid tech IP to enhance lipid-based drug solubility

The facility in Ediburgh, Scotland was acquired when Capsugel bought Encap in 2013

Capsugel expanding Encap plant on rising HPAPI demand

Capsugel unwraps a couple of dosage form solution bolt-ons - photo karandaev/iStock

Capsugel double acquisition bolsters dosage forms business

iStock/Vepar5

Qualicaps spent $43m to gain control of Brazilian capsule market, reports

USP calls for industry feedback on proposed HPMC monograph

USP calls for industry feedback on proposed HPMC monograph

New DFS Unit Built on Technology, R&D and Manufacturing, says Capsugel

New DFS Unit Built on Technology, R&D and Manufacturing, says Capsugel

Capsugel expands liquid fill capsule capabilities

Capsugel extends vegetable capsule line

Capsugel: Micro-Dosing Tech Can Cut Drug Development by 6 Months

Capsugel: Micro-Dosing Tech Can Cut Drug Development by 6 Months

Related Products

See more related products