BioSpace Collaborative

Academic/Biomedical Research
News & Jobs
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  C2C Services & Suppliers™
Europe
Asia

DIVERSITY

PROFILES
Company Profiles

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Research Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
Get Our Industry eNewsletter FREE email:    
   

AAIPharma, Inc. Raises $20 Million in Connection With Acquisition


1/13/2012 8:41:27 AM

Triangle Business Journal by Jason deBruyn, Staff Writer

Financial details are emerging regarding a recent deal in which Wilmington-based AAIPharma acquired Celsis Analytical Services.

Although neither company revealed the purchase price, AAIPharma, which employs 25 in Durham, raised $20 million in connection with the deal, according to a filing with the Securities and Exchange Commission.

The filing notes that the capital offering was made in connection with an acquisition and in the filing, AAIPharma adds specifically that it is for the, "Acquisition of all of the issued and outstanding capital stock of Celsis Analytical Services, Inc."

Technically, AAI Holdings Corp., which wholly owns AAIPharma Services Corp., made the SEC filing. The amount raised does not necessarily mean AAIPharma acquired Celsis for that amount, it means only that the company raised that much capital in relation to the deal.

AAIPharma's business centers around helping clients with pharmaceutical product development. Celsis Analytical Services, a division of Chicago-based Celsis International Ltd., performs material testing services for the pharmaceutical, biotechnology and manufacturing sectors. Celsis operates 65,000 square feet of laboratory facilities, which will be added to AAIPharma’s 300,000 square feet of facilities.




   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 

//-->