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Business
AMRI Acquires Two Aptuit Businesses
by Michael McCoy
January 19, 2015
| A version of this story appeared in
Volume 93, Issue 3
Albany Molecular Research Inc. is acquiring two businesses from the drug development services firm Aptuit for a total of $60 million. AMRI, also a provider of drug development services, paid $24 million for Aptuit’s Glasgow, Scotland, operation, which offers sterile injectable drug formulation and clinical-stage finished-drug manufacturing. And it will pay $36 million for Aptuit’s West Lafayette, Ind.-based SSCI business, which provides solid-state chemistry and analytical services. Both firms say the deal advances their goals in drug discovery and development services.
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