Ares Life Sciences to make second 2013 acquisition, the USA's Antigen Laboratories
Ares Life Sciences has signed a definitive agreement to acquire 100% of the share capital of privately-held Planet Biopharmaceuticals, including its wholly owned subsidiary Antigen Laboratories, a producer of allergen extracts, which works closely with the ENT (ear, nose and throat) specialist community in the USA. Closing of the transaction, financial terms of which are not disclosed, is subject to certain closing conditions.
Ares Life Sciences, a Geneva, Switzerland-based health care investment firm established by the Bertarelli family, which sold its biotechnology business Serono to Germany’s Merck KGaA for $13.5 billion in 2006, recently signed an agreement to acquire Greer Laboratories, a leader in US allergy immunotherapy (AIT) market (The Pharma Letter March 8). Ares Life Sciences' portfolio currently also includes investments in Stallergenes, Euromedic and Esaote.
Strong growth potential for US AIT sector
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