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Business

Cambrex gets PharmaCore

by Michael McCoy
October 3, 2016 | A version of this story appeared in Volume 94, Issue 39
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Credit: Cambrex
Cambrex will get this 3,300-m2 facility in North Carolina.
A photo of PharmaCore’s facility in North Carolina.
Credit: Cambrex
Cambrex will get this 3,300-m2 facility in North Carolina.

The pharmaceutical chemical maker Cambrex will pay $25 million to acquire PharmaCore, a High Point, N.C.-based developer of small-molecule active pharmaceutical ingredients for clinical trials. PharmaCore has annual sales of $15 million to $17 million and employs nearly 40 chemists, most of whom hold Ph.D.s. Cambrex says the company will complement its large-scale manufacturing facilities in the U.S. and Europe.

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