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Outsourcing

China’s Raybow acquires US chemistry service firm PharmAgra Labs

by Michael McCoy
November 9, 2019 | APPEARED IN VOLUME 97, ISSUE 44

 

09744-buscon14-pharmagra.jpg
Credit: PharmAgra
PharmAgra unveiled this mural last year on the side of its facility in Brevard, North Carolina. It was painted by local artist Billy Smith.

The Chinese chemistry service provider Raybow Pharmaceutical has acquired PharmAgra Labs, a custom chemical R&D firm based in Brevard, North Carolina. Raybow CEO Bin Wang says the purchase brings his firm closer to its growing US customer base. Raybow’s main facility is in Taizhou, China. Its parent company, Zhejiang Jiuzhou Pharmaceutical, is in the process of acquiring a Novartis pharmaceutical chemical plant in Suzhou, China.

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