BioIVT Acquires ZenBio, Expanding Biospecimen and Cell-Based Services
BioIVT acquires ZenBio, expanding biospecimen solutions and cell-based services for pharma and cosmetics industries.
Breaking News
Aug 26, 2024
Mrudula Kulkarni
BioIVT, a multinational research collaborator and supplier
of biospecimen solutions for medication and diagnostic development, has
purchased ZenBio Inc., a renowned pioneer in the advanced cell products and
services market. When BioIVT and ZenBio work together, they will provide
pharmaceutical and cosmetics industries with a wider range of services,
including primary cell and exosome isolation, skin-based knowledge, and blood
products. No financial information was provided.
Richard Haigh, CEO of BioIVT, stated, "Biospecimens and
services like primary cell isolation are crucial for developing new
pharmaceuticals." "ZenBio's trusted reputation, combined with
BioIVT's extensive portfolio and scalability, will allow us to deliver even
more quality products and services to scientists and researchers around the
world."
ZenBio, a highly renowned science-focused business with its
headquarters in Durham, North Carolina, specialises in biospecimens and
associated services and is flexible enough to satisfy the demands of
researchers while maintaining a strong focus on science. The goal of both
BioIVT and ZenBio is to facilitate scientific innovation and discovery by
offering superior biospecimens and biotechnology services.
"A common dedication to furthering scientific research
has always motivated our collaboration with BioIVT, and we're thrilled to grow
this alliance," stated ZenBio President Peter Pieraccini.
This announcement, together with the effective integration
of XenoTech, signifies a significant extension of BioIVT's service offering
into hitherto untapped toxicity areas. Its consulting staff has also been
bolstered by the addition of specialists in primary cells and exosome research.
Christopher Black, Senior Vice President, ADME-Tox, at
BioIVT, stated, "This acquisition is critical as it will allow us to more
deeply support research with an expanded array of tools, which improves the
safety profiles of new pharmaceuticals and cosmeceuticals." "As
leaders in our field, adding the ZenBio team enhances our already impressive
portfolio, providing researchers with more options and accelerating the time to
market for new pharmaceuticals."