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Lifecore Biomedical Sells High-Speed 10-Head Isolator Filler for $17 Million

Jan 07, 2025

Contract Type

contract

ChaskaOtherManufacturingBiotechnologyHealth CareMedicalMedical DevicePharmaceutical

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

3515 Lyman Boulevard

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.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.