Catalent Completes $133-Million Acquisition of Juniper PharmaceuticalsBy
Catalent has completed its previously announced acquisition of Juniper Pharmaceuticals, a Boston, Massachusetts-headquartered specialty pharmaceutical company with contract development and manufacturing services, for $133 million. The companies announced the acquisition in July 2018.
The acquisition of Juniper expands Catalent’s offerings in formulation development, bioavailability solutions, and clinical-scale oral-dose manufacturing and adds to its global clinical and commercial supply network.
Juniper has capabilities in solid-state and preclinical formulation screening for lead-candidate selection and phase-appropriate dose-form development. Juniper provides bioavailability-enhancement services for developing poorly soluble compounds, including nano-milling, spray drying, hot-melt extrusion, lipid-based drug delivery, and cGMP clinical manufacturing, including specialized facilities and controls for potent and controlled substances.
Catalent will continue to support Juniper’s franchise for Crinone (progesterone gel), a female hormone deficiency drug, marketed by Merck KGaA outside of the US. Juniper’s intravaginal ring development pipeline was previously licensed to Daré Bioscience, and Catalent will not be involved in the further development of this program.
Catalent says the acquisition of Juniper will allow it to create parallel capabilities in the US and UK. In 2016, Catalent acquired Pharmatek Laboratories and has invested in its San Diego facility to create a center of excellence for early drug development on the West Coast in the US. Earlier this year (2018), Catalent announced that it would invest in its Somerset, New Jersey facility to create a similarly focused center of excellence on the East Coast in the US. Juniper plans to provide similar capabilities in the UK and add to Catalent’s multi-site oral manufacturing network. With the completion of the acquisition, Juniper will become a wholly owned subsidiary of Catalent.