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Pharmaceutical Chemicals

Olon acquires French biotech services firm

by Aayushi Pratap
July 11, 2024 | A version of this story appeared in Volume 102, Issue 21
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Olon, an Italian pharmaceutical chemical maker, has acquired GTP Bioways, a French biotechnology services firm. GTP operates four sites across France manufacturing biologics, antibody-drug conjugates (ADCs), and nanodrugs. The company also provides fill-and-finish and analytical development services. Olon says the purchase will help it increase the production of ADCs, a class of oncology drug that is seeing growing investor attention.

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