OSAKA, Japan--(BUSINESS WIRE)--Japan’s leading diversified materials manufacturer, Nitto Denko Corporation, today announced that it has acquired Avecia Biotechnology, Inc. through Nitto Americas, Inc., a wholly owned subsidiary in Teaneck, New Jersey.
Located in Milford, Massachusetts, Avecia Biotechnology is a recognized leader in therapeutic nucleic acid manufacturing and development services. Avecia provides services for DNA and RNA based therapeutics to customers from pre-clinical through commercial launch. In addition to cGMP (current Good Manufacturing Practices) manufacturing, Avecia’s services include the development of analytical methods, process validation, stability studies, quality control, and regulatory support. Nitto Denko aims to strengthen its business base in the domain of nucleic acid drugs with this acquisition, in light of the industry’s great growth potential.
With an unmatched track record in large scale manufacturing and extensive expertise across a broad range of nucleic acid APIs (active pharmaceutical ingredients), Avecia Biotechnology is the market leader in contract manufacturing and related services for nucleic acid drugs. This acquisition represents a significant commitment by Nitto Denko to the nucleic acid drug industry. Nitto Denko will further expand its business in this industry by leveraging the following synergies with Avecia Biotechnology:
1. Strong complementary market positions and client relationships
2. Combined IP and technologies, including drug delivery technologies
3. Improved nucleic acid manufacturing efficiencies and cost of goods with Nitto Denko’s proprietary solid polymer support technology
4. Avecia’s prime location and expansion possibilities to grow the service offering for the benefit of our clients
Nitto Denko’s business development in the domain of nucleic acid drugs
Therapeutic nucleic acid drugs are short fragments of nucleic acids with defined chemical structure (sequence). These compounds have been shown to be effective in the modulation of gene expression in a highly specific manner. As a result, therapeutic nucleic acid drugs have the potential to serve as a novel therapy for various illnesses which conventionally have been difficult to combat.
Nitto Denko already is active in nucleic acid drug technology with its wholly owned subsidiary Nitto Denko Technical Corporation in Oceanside, California. NDT is currently expanding its technological development of the chemical synthesis of nucleic acid drugs.
With the acquisition of Avecia Biotechnology, Nitto Denko will further boost its business base in this drug technology domain by leveraging the additional contract manufacturing business of nucleic acid drugs.
[ABOUT AVECIA BIOTECHNOLOGY INC.]
Avecia Biotechnology Inc. is a drug development and manufacturing service company located in Milford, MA. The company is a recognized leader in process development, manufacturing and related services for DNA and RNA based therapeutics and offers in Milford the world's largest established manufacturing capacity to work successfully with major pharmaceutical and innovative biotechnology companies. All services are offered from preclinical testing to post commercial launch of innovative DNA and RNA based therapeutics.
For additional information, please visit www.aveciabiotech.com.
[ABOUT NITTO DENKO CORPORATION]
Founded in 1918, Nitto Denko, Japan’s leading diversified materials manufacturer offers to the global market about 13,500 species of high-value-added products. Nitto Denko’s strength lies in its flexibility to add diverse functionality to sheets, films and other materials, fully utilizing its core technologies such as polymer synthesis, adhesion and coating technologies. The Nitto Denko group’s wide spectrum of specialities include optical films for liquid crystal displays, automotive materials, reverse osmosis membranes for seawater desalination, transdermal drug delivery patches, and much more. Total net sales in FY 2009 was $6.4 billion with over 31,000 employees in 27 countries.
For additional information, please visit: www.nitto.com.