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Business
Recipharm Gets Medchem Provider
by Rick Mullin
June 22, 2015
| A version of this story appeared in
Volume 93, Issue 25
Recipharm has acquired OnTarget Chemistry, a Swedish contract research organization specializing in medicinal chemistry with expertise in synthesis and analytical services. The deal gives Recipharm, a contract development and manufacturing firm, preclinical chemistry services, allowing it to engage with customers at early stages of drug development. Recipharm will pay $1.8 million, half in cash and the rest in stock. OnTarget had sales last year of about $3.5 million.
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