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Pharmaceutical Chemicals

EuroAPI to acquire oligonucleotide producer BianoGMP

by Michael McCoy
August 31, 2023 | A version of this story appeared in Volume 101, Issue 29
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The pharmaceutical chemical maker EuroAPI is acquiring BianoGMP, an oligonucleotide producer, for about $11 million. BianoGMP, which has its roots in Friedrich Schiller University, produces oligos in small quantities for early-phase drug clinical trials. EuroAPI says BianoGMP’s facility in Gera, Germany, will complement its own, larger oligo plant in Frankfurt, Germany, where it is spending about $20 million on an expansion. EuroAPI estimates that the market for oligos in drug development is growing by 12–14% per year.

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