What does BioVectra do?

What does BioVectra do?

BioVectra develops and manufactures active pharmaceutical ingredients for leading global pharmaceutical and biotech companies.

Who bought BioVectra?

H.I.G. Capital
Pharmaceutical company Mallinckrodt plc today announced that it has sold Charlottetown-based BioVectra to international private equity firm H.I.G. Capital for $250 million USD. “We are very excited to enter into this new chapter with H.I.G.

Is BioVectra a private company?

Charlottetown-based drug manufacturer BioVectra is being sold to U.S. private equity firm H.I.G. “We are very excited to enter into this new chapter with H.I.G. Capital,” said BioVectra President Oliver Technow.

What does Cdmo stand for in pharma?

contract development and manufacturing company
A contract development and manufacturing company (CDMO) is a company within the pharmaceutical industry that provides drug development and manufacturing services. Pharmaceutical companies partner with CDMOs as a way to outsource drug development and drug manufacturing.

When was BioVectra founded?

1970
Founded in 1970, BioVectra’s core competencies include microbial fermentation, complex chemistry, high potency, and biologics.

What is microbial fermentation?

Fermentation is the enzymatic decomposition and utililization of foodstuffs, particularly carbohydrates, by microbes. In carnivores like dogs and cats, and even in omnivores like humans, fermentation generates rather few calories, but in herbivores, fermentation is a way of life. …

Is Biovectra publicly traded?

Now, 45 years later, BIOVECTRA is a wholly-owned subsidiary of a publicly-traded multinational pharmaceutical company with employees working primarily on PEI, as well as Nova Scotia and elsewhere.

What is microbial fermentation used for?

Among bacteria associated with fermented foods and alcoholic beverages, lactic acid bacteria (LAB) mostly species of Enterococcus, Lactobacillus, Lactococcus, Leuconostoc, Pediococcus, Weissella, etc. are widely present in many fermented foods and beverages (Axelsson et al., 2012; Holzapfel and Wood, 2014).

What are the products of microbial fermentation?

Microbial fermentations can be either homofermentative – single main product, or heterofermentative – mixed products. The main fermentation products include organic acids, ethyl alcohol and carbon dioxide. Commercially the mostly important are lactic acid and ethanolic fermentations.