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Business
Columbia Labs Buys Molecular Profiles
by Ann M. Thayer
September 23, 2013
| A version of this story appeared in
Volume 91, Issue 38
Boston’s Columbia Laboratories has acquired Molecular Profiles, a Nottingham, England-based drug development services company. Columbia will pay $16.7 million in cash and another $8.3 million in stock. Molecular Profiles had revenues of about $9 million for the fiscal year ending July 31. Over the past four years, its revenues have been growing about 15% annually. The acquisition will expand Columbia’s business, now focused on R&D for women’s health care and drug delivery, into formulation development and manufacturing for the pharmaceutical outsourcing market.
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