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Gordian Biotech to Acquire Biotechnology Company for $8.7 Billion

September 9, 2021 Comments Off on Gordian Biotech to Acquire Biotechnology Company for $8.7 Billion By admin

By Nimesh Shah-Raheb | 10 December 2017 12:59:49The biotechnology company Gordian BioScience Ltd.

(GBSL) has signed a deal to acquire the biotechnology giant biotechnology firm Biovesti Inc. (BV) for an undisclosed amount in cash and shares.GBSA Chairman and CEO Giorgio Gionfriddo said, “I am thrilled to join Biovasti, the most innovative company in the field of gene therapy.

Biovvesti is one of the most experienced companies in the world with a global footprint, and we are committed to growing and expanding our business.”BV CEO Dr. Rajesh Kumar said, We are excited to have GordianBioScience join our team and bring our expertise to the gene therapy industry.

Biotech firms have been the biggest buyers of biotechnology for the past few years.

Biomax’s acquisition of the gene-editing company Kite Pharma in December 2016 was the largest in the last decade, while Biovade’s acquisition in 2016 of the biopharmaceutical company SABR led to the doubling of its revenue.

The biopharma company’s CEO, Dr. Giorgi Pappano, said, GordianBiotech is focused on providing our clients with a full suite of gene therapies, with innovative technologies to address clinical and public health challenges.

The new deal will provide additional financial stability to Gordian, which has been in business for over a decade and is currently under construction in Mumbai.BV will remain a wholly owned subsidiary of Biovardis and will continue to operate under its current corporate name.

Biovastis, which operates in Africa and Asia, has been focused on developing a series of products including gene therapies for cancer, heart disease, diabetes, obesity and other chronic diseases.

It also sells a variety of biological and surgical implants.

The new deal, expected to close in the second half of 2018, will be announced by the biovestis parent company on Thursday.

The deal follows Gordian’s acquisition by Biovada Holdings LLC of its biotech arm, Biovado, in July 2018 for an estimated $8 billion.

Gonzalo J. Carvalho, Biogesti’s chairman and CEO, said that he was pleased that Gordian has chosen to invest in Biovas biotechnology unit.

“We have already acquired a great deal of technology from Biovassics for its innovative gene therapy product, and it will help us further develop Gordian,” Carvalhos said.

“I look forward to working with Gordian and Gordian to further strengthen Biovasse.”


How to Use the Biotech Industry’s Biggest Names in an Advertising Campaign

September 6, 2021 Comments Off on How to Use the Biotech Industry’s Biggest Names in an Advertising Campaign By admin

Biotech companies have spent more than $8 billion on advertising campaigns in the past year to convince consumers to buy their products, according to research from research firm Unisa.

The top 10 biotechnology firms spend about $3.2 billion annually on ads targeting the public in India, followed by the top 5 by about $1.7 billion.

This spending is a 50% increase compared with the same period last year, according the Unisa report.

“Our research indicates that a growing number of companies are using a combination of clever marketing and clever communications to persuade consumers to pay for biotechnology products,” Unisa CEO Anand Jain told CNBC.

“The message is simple: If you have an idea about how biotechnology can help your business, get in touch with us and we will show you the right way to buy the right product.”

The top five biotech companies spent about $4.5 billion on marketing during the past three months, the study showed.

These companies are the three largest in India and accounted for $1 billion of the total $8.9 billion in marketing spent in the country.

The biggest spenders of the top 10 include Monsanto Co., which spent $3 billion; Bayer AG, which spent about a third of the overall $3 trillion spent on marketing last year; and Pfizer Inc., which paid nearly a third.

Other top spenders include Novartis AG, Johnson & Johnson, Johnson Controls, AstraZeneca PLC, Pfizer, Pfister Pharmaceuticals, Astrazeneca, and GlaxoSmithKline Plc.

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