AsianScientist (Jan. 31, 2017) – WuXi AppTec, a global pharmaceutical, biotechnology and medical device open-access capability and technology platform, has acquired HD Biosciences, a biology-focused preclinical drug discovery contract research organization (CRO).
After completion of acquisition, HD Biosciences will become a wholly-owned subsidiary of WuXi, and will continue to focus on growing its core competences and providing greater services. The acquisition will further strengthen WuXi’s R&D capability from target validation to lead discovery and optimization, improving and expanding WuXi’s open-access enabling service platform.
Founded in 2002, HD Biosciences is headquartered in Shanghai with operating facilities in Beijing and San Diego, US. The company also provides hit identification, lead discovery, in vivo pharmacology and other related services.
HD Biosciences has long established close and strategic partnerships with major multinational pharmaceutical companies, biotechs and research institutions worldwide. Over the years, HD Biosciences has been providing award winning services to its worldwide clients, and has won a leading position among the biology CROs in China.
“We are very pleased to welcome HD Biosciences to WuXi,” said Dr. Ge Li, Chairman and Chief Executive Officer of WuXi AppTec. “During the past 14 years, HD Biosciences has developed into a global company with wide recognition, and this business combination is an important step in strengthening WuXi’s biology and preclinical service capability.”
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Source: WuXi AppTec; Photo: Shutterstock.
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