Novaquest Private Equity Announces Investment In Bend Bioscience To Broaden Corerx Offering
10/11/22, 12:18 PM
Location
bend
Industry
biotechnology
manufacturing
Bend Bioscience and QHP Capital ("QHP"), the management company for NovaQuest Private Equity ("NQPE"), have announced plans to invest in a new operation in Bend, Oregon, an emerging hub of biotechnology R&D and manufacturing. The Bend Bioscience team, as part of CoreRx, will focus on drug delivery R&D partnerships, product development, and early phase manufacturing for enhanced formulations utilizing particle engineering-based drug delivery technologies. "This is an exciting development," says Ajay Damani, CEO of CoreRx and Bend Bioscience, "with Bend Bioscience adding a new dimension of technology and innovation capabilities to CoreRx's existing foundation of product development and manufacturing solutions."
Company Info
Location
bend, oregon, united states
Additional Info
CoreRx and Societal CDMO have announced their unification under the Bend Bioscience brand, forming a comprehensive contract development and manufacturing organization. CoreRx is recognized for its innovation in formulation development, providing customized, cutting-edge solutions in drug development. Societal CDMO provides deep expertise in scalable manufacturing and commercial production, specializing in cGMP manufacturing, packaging, and supply chain management.