MedSource expands UTI in contract manufacturing:
This article was originally published in Clinica
Executive Summary
Collegeville, Pennsylvania-based UTI is to expand its business in contract manufacturing, engineering and design for the medical device industry with the acquisition of MedSource Technologies, of Minneapolis, Minnesota. The $230m cash acquisition is expected to close this summer. "Through this acquisition, we will be able to offer our customers the widest array of capabilities possible, thereby allowing them to maximise return on their own resources and accelerate their speed to market," said UTI president and CEO Ron Sparks. The companies believe the combined group will be the largest player in the sector.
You may also be interested in...
California Court’s Inaction On TiO2 Prop 65 First Amendment Case Breeds New Lawsuits
The Personal Care Products Council seeks to stem the rising tide of titanium dioxide Proposition 65 lawsuits, requesting that a California court prohibit the state’s Attorney General and private enforcers from filing and/or prosecuting new suits against cosmetics companies failing to warn about potential TiO2 exposure.
Kenvue Breaks Ground On New Headquarters, Appoints Chief Corporate Affairs Officer
Firm hosts groundbreaking for 290,000 square-foot global headquarters it’s having built in Summit, NJ, starting with 100,000 square-foot science and innovation and expected to open in 2025. It announced adding Russell Dyer as chief corporate affairs officer starting 13 March.
Xaira Launches With $1bn-Plus And End-To-End AI Strategy
ARCH and Foresite incubated the company and recruited Genentech R&D veteran Marc Tessier-Lavigne to keep data generation, machine learning research and drug development under one roof.