Fujifilm to acquire cell culture media companies

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Fujifilm to acquire cell culture media companies

Home/Pharma News | Posted 27/04/2018 0 Post your comment

Fujifilm is expanding its ability to develop and manufacture biologicals by acquiring a pair of cell culture media businesses owned by Japan-based JXTG Holdings for a combined US$800 million.

Japan-based Fujifilm Corporation (Fujifilm) announced on 29 March 2018 that it has signed a stock purchase agreement and is acquiring all the outstanding shares of US-based Irvine Scientific Sales Company (ISUS) and Japan-based IS Japan (ISJ).

Culture media contain the nutrients required for the growth and proliferation of cells – and are essential for cell culturing in the R & D and manufacturing of biologicals. Fujifilm says the market for cell culture media is expanding following the dramatic growth in the demand for biologicals and expects annual growth of 10% going forward.

The businesses will be incorporated into Fujifilm’s existing contract development manufacturing organization (CDMO) unit Fujifilm Diosynth Biotechnologies. The acquisitions will enhance Fujifilm’s portfolio of cell culture media products and allow it to offer products for biologicals production, in vitro fertilization and cell therapy. The deal will also increase the company’s distribution capabilities in Europe and the US.

Fujifilm acquired Wako Pure Chemical Industries, a leading reagent manufacturer, in April 2017 to enter the cell culture media market; and acquired Cellular Dynamics International, a biotechnology firm, to expand its healthcare offerings.

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Source: Fujifilm