Adds Global Particle Size Technology Leader to Industry’s Broadest Bioavailability and Delivery Technology Offerings
Catalent, Inc. (NYSE:CTLT), the leading global provider of advanced
delivery technologies and development solutions for drugs, biologics and
consumer health products, today announced that it has acquired Micron
Technologies, a leading global provider of particle size engineering
technologies.
In an important advance in executing its strategy to provide the best
drug delivery technologies and the broadest drug development expertise,
Catalent will add Micron Technologies’ superior particle size
engineering capabilities to its industry leading suite of drug delivery
and development solutions. Catalent can now partner with more
pharmaceutical innovators at the earliest stages of the drug development
process with an unrivaled set of options and expertise. These range from
OptiForm® API optimization and Micron Technologies particle
size optimization, to expert formulation and final dose form design
services, through to leading bioavailability solutions such as RP
Scherer Softgel lipid systems and OptiMelt™ hot melt extrusion
technologies. Catalent can support its customers all the way through
scale up, clinical and commercial manufacturing of finished oral and
inhaled dose forms around the world, including for highly potent
compounds.
“This strategic acquisition allows Catalent to provide an unprecedented
set of integrated development solutions and superior drug delivery
technologies to the industry, partnering with our customers’ R&D teams
earlier in the development cycle and helping them deliver better
treatments to clinic and to market faster and more efficiently,” said
John Chiminski, Catalent, Inc. President and CEO. “We are pleased to add
Micron Technologies’ leading technologies and manufacturing expertise
and welcome their highly talented management, scientific and operations
teams to Catalent.”
Micron Technologies adds to Catalent’s long history of innovation and
leadership in the pharmaceutical industry, with its proven and versatile
portfolio of particle size reduction, micronization and milling
technologies used to overcome bioavailability, stability and
manufacturability challenges.
The acquisition is Catalent’s second since its IPO in July, and follows
the acquisition of Redwood Bioscience, with its SMARTag™ Antibody-Drug
Conjugate (ADC) technology platform, in October 2014.
Micron Technologies currently operates two state-of-the-art facilities,
with excellent quality and regulatory compliance records, in Malvern,
PA, and in Dartford, U.K., and employs approximately 100 people across
both sites. Micron Technologies has over 25 years of experience in air
jet milling micronization and is capable of processing R&D and
commercial volumes at both of its sites. Micron Technologies currently
supports active programs involving over 300 customers from around the
world. Both facilities are equipped with advanced systems to ensure the
quality, safety and total containment of highly potent and cytotoxic
compounds, and provide integrated analytical services capabilities from
early stage development to commercialization.
Joseph Drost, CEO of Micron Technologies, who will continue to lead this
business, remarked, “We are excited to become part of Catalent, as there
is a natural synergy between our organizations, with the global leader
in advanced delivery technologies and development solutions now joining
forces with a leading provider of particle size engineering technologies
and integrated analytical services. Through access to Catalent’s global
network, development expertise and innovative technologies, we can
jointly provide end-to-end solutions to accelerate drug development
programs and bring better treatments to patients worldwide.”
About Catalent, Inc.
Catalent, Inc. is the leading global provider of advanced delivery
technologies and development solutions for drugs, biologics and consumer
health products. With over 80 years serving the industry, Catalent has
proven expertise in bringing more customer products to market faster,
enhancing product performance and ensuring reliable clinical and
commercial product supply. Catalent employs approximately 8,000 people,
including over 1,000 scientists, at nearly 30 facilities across 5
continents, and in fiscal 2014 generated more than $1.8 billion in
annual revenue. Catalent is headquartered in Somerset, N.J.
For more information, visit www.catalent.com
More products. Better treatments. Reliably supplied.™
About Micron Technologies
Micron Technologies, a portfolio company of Arlington Capital Partners,
is a leading global provider of particle size engineering technologies
for the pharmaceutical industry. Micron Technologies has helped overcome
bioavailability, stability and manufacturability challenges across
hundreds of oral and inhaled drugs for over 25 years through its
leading, proven and versatile portfolio of particle size reduction,
micronization and milling technologies. Micron Technologies employs
approximately 100 people across 2 facilities in the U.S. and the U.K.
Micron Technologies is headquartered in Malvern, PA.
For more information, visit www.microntech.com
Forward-Looking Statements
This press release contains both historical and forward-looking
statements. All statements other than statements of historical fact are,
or may be deemed to be, forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. These
forward-looking statements generally can be identified by the use of
statements that include phrases such as “believe,” “expect,”
“anticipate”, “intend”, “estimate”, “plan”, “project”, “foresee”,
“likely”, “may”, “will”, “would” or other words or phrases with similar
meanings. Similarly, statements that describe our Catalent’s objectives,
plans or goals are, or may be, forward-looking statements. These
statements are based on current expectations of future events. If
underlying assumptions prove inaccurate or unknown risks or
uncertainties materialize, actual results could vary materially from
Catalent, Inc.’s expectations and projections. Some of the factors that
could cause actual results to differ include, but are not limited to,
the following: general industry conditions and competition; product or
other liability risk inherent in the design, development, manufacture
and marketing of our offerings; inability to enhance our existing or
introduce new technology or services in a timely manner; economic
conditions, such as interest rate and currency exchange rate
fluctuations; technological advances and patents attained by
competitors; and our substantial debt and debt service requirements that
restrict our operating and financial flexibility and impose significant
interest and financial costs; or difficulty in integrating Micron
Technologies into Catalent’s existing business, thereby reducing or
eliminating the anticipated benefits of the transaction. For a more
detailed discussion of these and other factors, see the information
under the caption “Risk Factors” in its Annual Report on Form 10-K for
the fiscal year ended June 30, 2014 filed with the Securities and
Exchange Commission. All forward-looking statements in this release
speak only as of the date of this release or as of the date they are
made, and Catalent, Inc. does not undertake to update any
forward-looking statements as a result of new information or future
events or developments unless except to the extent required by law.
Media:
Chris Halling, +44 (0)7580 041073
chris.halling@catalent.com
or
Richard Kerns, +44 (0)161 728 5880
richard@nepr.eu
or
Investor Relations:
Bertner Advisors, LLC
Monique Kosse, +1 860 940 0352
Monique.Kosse@BertnerAdvisors.com