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Lifecore Biomedical Sells High-Speed 10-Head Isolator Filler for $17 Million
Jan 07, 2025•over 1 year ago
Contract Type
contract
ChaskaManufacturingBiotechnologyPharmaceutical
Description
Lifecore Biomedical, Inc. has entered into a sales agreement with a non-competitive buyer for the previously purchased high-speed, multi-purpose 10-head isolator filler. The buyer will pay Lifecore an aggregate purchase price of $17 million, with $7 million received at closing and the remaining payments anticipated over the next 18 months.
Company Information
Company
Lifecore Biomedical
Location
Chaska, Minnesota, United States
About
Lifecore Biomedical, Inc. is a fully integrated contract development and manufacturing organization (CDMO) focused on injectable fill/finish capabilities for the pharmaceutical industry. The company has been strategically investing in augmenting its aseptic production capacity and expanding its development pipeline to address the growing demand for injectable fill/finish capabilities.
ChaskaManufacturingBiotechnologyPharmaceutical