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Business

Nitto Denko Acquires Avecia Biotechnology

by Michael McCoy
February 14, 2011 | A version of this story appeared in Volume 89, Issue 7
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Japan’s Nitto Denko has acquired Avecia Biotechnology, a maker of oligonucleotides for drug industry customers. Based in Milford, Mass., Avecia Biotechnology claims to be the market leader in contract manufacturing and related services for nucleic acid drugs. Nitto Denko says its subsidiary in Oceanside, Calif., offers solid polymer support technology for nucleic acid drug production. Avecia Biotechnology was the last piece of England’s Avecia, once a leading fine and specialty chemicals producer.

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