Recipharm acquires OnTarget to expand contract research and manufacturing capabilities
Swedish contract development and manufacturing company Recipharm has completed the acquisition of OnTarget Chemistry, based in Uppsala, Sweden.
OnTarget is a contract research organization with a turnover of 29 million Swedish kronor ($3.5 million), and is specialized in medicinal chemistry, offering synthesis and analytical services including rare and demanding specialties.
Recipharm will broaden its pharmaceutical development capabilities with this acquisition, including preclinical chemistry services. OnTarget’s sales in 2015 show more than 60% of total revenue outside Sweden with substantial sales in Germany, Japan and the UK.
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