Bora expands its CDMO capabilities, buying TWi Pharma
Fast-growing contract development and manufacturing organization (CDMO), Bora Pharmaceuticals (TWO: 64720, has completed the acquisition of fellow Taiwan based TWi Pharmaceutical, a technology-based company specializing in development and commercialization of niche generic drugs. Financial terms were not disclosed.
Acquiring TWi Pharmaceuticals adds two manufacturing facilities and will significantly boost Bora’s service offerings in key areas, such as formulation development, sterile ophthalmic, and niche manufacturing technologies.
In May this year, Bora Pharmaceuticals acquired the CDMO assets from local player, Eden Biologics, to help it build a presence in large-molecule contract drug development and manufacturing.
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