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Charles River to Acquire Vigene Biosciences for $292.5M

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Charles River to Acquire Vigene Biosciences for $292.5M

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  • Charles River Laboratories to acquire Vigene in all cash transaction for $292.5M. In addition to the initial purchase price- the transaction includes contingent additional payments of up to $57.5M based on future performance
  • The transaction is expected to be close in Q3’21. The acquisition will allow Charles River to boost its gene therapy capabilities in the high-growth- value-added cell- and gene therapy CDMO sector
  • Vigene is expected to improve Charles River’s reported revenue growth rate by ~50 basis points in 2021. The acquisition complements Charles River’s existing non-clinical development and manufacturing portfolio

  Ref: Business Wire | Image: Pharma Advancement

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