Minneapolis, MN, December 8, 2020 – Pace Analytical Life Sciences, LLC, a subsidiary of Pace Analytical® Services, LLC, a full-service contract development and manufacturing organization (CDMO), today announced that it has acquired Bio-Concept Laboratories, Inc., a pharmaceutical CDMO specializing in formulation development and fill-finish manufacturing of sterile aqueous products.
“Pace clients have been asking us to add sterile materials for clinical trials to our CDMO capabilities,” said Eric Roman, Pace Analytical CEO. “Bringing Bio-Concept Laboratories onboard allows us to respond to that demand while increasing our capacity to service the market throughout the drug delivery life cycle – from formulation research and development to pre-clinical and clinical trial materials.”
As a result of its sterile materials production capabilities, Bio-Concept Laboratories has gained significant experience in ophthalmic formulation and manufacturing to support phase I, II, and III clinical trial materials. “Adding Bio-Concept to the Pace Life Sciences lab network provides more leverage in our operations,” notes Pace Life Sciences COO, Greg Kupp. “We have the ability to accelerate product development by shifting programs between sites, based on areas of specialty and expertise. This is a significant advantage to clients requiring agility and flexibility and for those relying on Pace to manage programs from development to phase I, II, and III clinical trial material production.”
Bio-Concept Laboratories president and CEO, Francis X. Smith, will remain with the company through the transition process. Of the transaction, Smith comments, “Bio-Concept and Pace have strong alignment in our customer-first mentality. As a result of this transaction, our customers will have the benefit of greater resources and increased capacity to serve more of their needs.” Frank Tagliaferri, Pace Vice President of Pharmaceutical Development, will oversee the operations of the Bio-Concept Laboratories.
Over the upcoming months, Bio-Concept Laboratories will transition to operating under the Pace Analytical® Services brand. Bio-Concept is located in Salem, New Hampshire, further strengthening the presence of Pace Life Sciences lab locations in the New England area.
Pace Analytical is a portfolio company of Los Angeles-based Aurora Capital Partners.
About Bio-Concept Laboratories
Bio-Concept Laboratories, Inc. is a CDMO operating in the pharmaceutical field that offers new product development services including formulation development and fill-finish manufacturing of aseptic aqueous products for toxicology studies, clinical trial research, and commercial manufacturing. Its experience encompasses dosage forms for topical ophthalmics, intravitreal drug delivery to the eye and parenteral administration. Bio-Concept services are rendered in its own 30,000 square foot facility in Salem New Hampshire. Learn more at www.bioconcept.com.
About Pace Analytical® Life Sciences
Pace Analytical Life Sciences, LLC. is a network of full-service contract CMC development and GMP analytical testing laboratories. CMC development, chemistry, and microbiology central lab testing services are provided to the pharmaceutical, biopharmaceutical, and gene therapy manufacturing industries. Our investment in state-of-the-art facilities and highly-trained experts emphasizes our commitment to delivering positive customer experiences across all channels of our business. We are dedicated to providing not only the best in analytical testing services but the most reliable. A subsidiary of Pace Analytical® Services, LLC, Pace Analytical Life Sciences operates FDA-registered laboratory testing facilities in Oakdale, Minnesota, San German, Puerto Rico, and CDMO facilities in Woburn, Massachusetts, and Philadelphia, PA.
About Pace Analytical® Services
Pace Analytical® Services, LLC makes the world a safer, healthier place. For decades, we have been the trusted source for quality life sciences and environmental lab testing and analysis and the resource for scientific lab staffing, regulatory, and equipment services. Our work is done in partnership with our clients by providing the science and the data they need to make critical decisions that benefit us all. Pace delivers science better to businesses, industries, consulting firms, government agencies, and more through the largest, American-owned and nationally certified laboratory network.