Acquisition increases BioIVT’s supply of leukopaks, plasma and sera, and enhances its ability to support the in vitro diagnostic market
BioIVT, a leading provider of research models and services for drug and diagnostic development, today announced that it has acquired Biological Specialty Corporation, a supplier of human blood products and components to the life sciences research community for more than 37 years. BSC is headquartered in Colmar, PA, with two additional FDA-registered donor centers in Allentown, PA and Reading, PA.
“We are delighted that BSC is joining BioIVT,” said BioIVT Chief Executive Officer Jeff Gatz. “BSC brings a decades-long reputation for top-notch quality, compliance and customer service. BSC’s capabilities will enable BioIVT to provide same-day fresh material to the biotech industry in the Northeast Corridor. BSC also significantly strengthens BioIVT’s immunology business line, enabling BioIVT to provide a full range of blood-derived cells and cellular products ranging from leukopak-derived peripheral blood mononuclear cells to CD34 stem cells.”
“In BioIVT, we have found a like-minded partner whose desire to provide the highest quality research samples and top-notch customer service equals our own,” added BSC CEO Jeff Widdoss. “Together, we will be able to help our clients accelerate their drug discovery and immunotherapy research.”
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Emphasizing its commitment to providing the highest quality biospecimens, BSC’s donors are all screened according to AABB guidelines, and its research blood products all undergo the complete battery of FDA-required infectious disease state tests.
BioIVT will retain BSC’s three locations and all of its employees. Financial details about this transaction were not disclosed.
Date: November 12, 2018
Source: Bizjournals
