BIOVECTRA acquired by Agilent Technologies
Charlottetown, PE – An agreement was signed today for Agilent Technologies to acquire BIOVECTRA for $925 million (USD). This acquisition includes all BIOVECTRA facilities and employees in Prince Edward Island and Nova Scotia, Canada.
BIOVECTRA is a North American CDMO, headquartered in PEI, that specializes in clinical-to-commercial scale production capabilities for biologics, synthetic small molecules, pDNA and mRNA, highly potent APIs, and bioreagents.
The acquisition will expand Agilent’s end-to-end biopharma solutions with BIOVECTRA’s biologics capabilities to accelerate drug development and manufacturing and is expected to close before 2025.
“Congratulations to BIOVECTRA and Agilent Technologies for achieving this milestone,” said Charmaine Noonan, Chair of the Board of Directors of the PEI BioAlliance. “This acquisition not only highlights the exceptional talent and innovation coming from our region but also underscores the global impact of our bioscience cluster. We look forward to continuing our partnership with BIOVECTRA as they embark on this exciting new chapter.”
Founded in 1970 by PEI entrepreneur Dr. Regis Duffy and owned by H.I.G. Capital since 2019, BIOVECTRA is a leader in Atlantic Canada’s bioscience cluster. The company recently made $240 million of capital investments to expand its operational footprint in Prince Edward Island and Nova Scotia and was named Canada’s Top Employer in 2022 and 2023.
The BioAlliance has a collaborative relationship with BIOVECTRA, with CEO Oliver Technow serving as Board Chair from 2021-2024.
“The PEI BioAlliance celebrates this acquisition as a testament to the global recognition of BIOVECTRA’s exceptional achievements,” said Rory Francis, CEO of the BioAlliance. “We eagerly anticipate continuing our collaborative efforts with BIOVECTRA and now Agilent as an integral part of the PEI bioscience cluster.”
Media Contact
Jenny Dunne
Manager, Communications and Marketing
PEI BioAlliance
C: 902.388.0988
E: jenny@peibioalliance.com
About the PEI BioAlliance
Since 2005, the PEI BioAlliance has coordinated the development and growth of the province’s bioscience cluster and established the conditions for business success. The cluster creates high-quality jobs in human, animal, and fish health and nutrition. The PEI BioAlliance is a partnership of 60 businesses, academic and research institutions, and federal and provincial government agencies dedicated to establishing the bioscience sector as a pillar in the economic foundation of the province and Atlantic Canada.
About BIOVECTRA
BIOVECTRA is a global biotech and pharmaceutical CDMO (contract development and manufacturing organization) that specializes in clinical-to-commercial scale production capabilities for: biologics, small molecules, bioreagents, lipids, pDNA, mRNA and LNP manufacturing. Flexibility, creativity, process optimization and compliance are at the heart of our method. With close to 55 years of experience, and cGMP facilities in Prince Edward Island and Nova Scotia, Canada, we assure our programs advance on time and with the highest quality outcomes.