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Outsourcing

Ube to acquire API Corp. from Mitsubishi Chemical

by Rick Mullin
August 14, 2022 | A version of this story appeared in Volume 100, Issue 28
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Ube has agreed to acquire API Corp. from Mitsubishi Chemical for an undisclosed amount. Based in Tokyo, API is one of Japan’s largest drug contract development and manufacturing organizations, with several research and manufacturing sites in Japan and one in Brussels. Ube recently announced a reorganization under which it will operate as a holding company in markets including specialty and fine chemicals. The firm says it plans to expand beyond small-molecule drug manufacturing into nucleic acid drugs.

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