Friday, June 20, 2008
Biologics Process Development Acquired By Indian Firm
Poway-based Biologics Process Development Incorporated, a provider of contract laboratory services for the biotechnology industry, has been acquired by an Indian biopharmaceuticals firm, Intas Biopharmaceuticals Ltd. According to the firms, the deal will help Intas Biopharma enter the U.S. market. Financial terms of the deal were not disclosed. Intas Biopharmaceuticals is a provider of biotechnology research and manufacturing in India. Dr. Scott M. Brown, Founder, President, and Chief Scientific Officer at BPD will continue in his position at the firm.