RE: RNS23 Aug 2020 17:08
Thanks for that, extremely interesting indeed, especially with EVG's plans in the non-pharma space, their contacts and networks must be truly on a global scale...Gla ;-)
16/6/20
3) In addition, we will pursue opportunities to apply our intellectual property on stabilised sulforaphane to non-pharmaceutical opportunities which offer a more rapid route to market.
4/11/19
Raybow Pharmaceutical, a global pharmaceutical chemistry services provider, has acquired US-based PharmAgra Labs.
Raybow is a global provider of outsourced pharmaceutical process development and manufacturing services. Headquartered in Taizhou, China, the company employs 1,400+ worldwide. PharmAgra is a custom chemical research and development company located in Brevard, North Carolina with current services that include custom synthesis, process development and optimization and analytical services.
The PharmAgra acquisition expands the global footprint of Raybow and gives it close proximity to the company’s growing US customer base. The Brevard facility will become the headquarters and R&D center for North American operations. It will be supported by sales and marketing offices in Los Angeles, CA, Princeton, NJ and Copenhagen, Denmark.
Raybow CEO Mr. Bin Wang commented, “We are excited to welcome the PharmAgra team since this is an excellent fit for both companies. Raybow’s European and US clients will appreciate the option for contract services within the U.S. The PharmAgra team has a proven track record established during their 20 years of custom synthesis services. Coupled with existing capacity ranging from grams to multi tons, we now have the flexibility to accommodate all of our clients’ phase-appropriate outsourcing activities on multiple continents.”
Raybow is planning an expansion project at the PharmAgra site, adding additional capacity and personnel in the Brevard area.
Peter Newsome, co-founder of PharmAgra Labs observed, “Our future with Raybow fits perfectly with our long-term goal of providing increased chemistry capabilities for our clients in all industries.”
Roger Frisbee, co-founder of PharmAgra Labs added, “This acquisition will provide career growth opportunities for our employees and support economic development efforts in our community.”