Tag Archives: lays

Executive Order Lays Foundation for Lab-Created Foods

September 12, 2022, U.S. President Joe Biden signed an “Executive Order on Advancing Biotechnology and Biomanufacturing Innovation for a Sustainable, Safe and Secure American Bioeconomy.”1 This executive order makes biotechnology a national priority across agencies and branches of government. As noted in this order, biotechnology will also be used to “improve” food security, sustainability, and… Read More »

Charles River lays out $293M to snap up viral vector specialist Vigene, its 2nd M&A deal this year

A few short months after Charles River Laboratories acquired Cognate BioServices, the company is folding yet another CDMO into its cell and gene network, signing more than $ 1 billion in M&A outlays so far this year.  Charles River Laboratories has inked a deal to pay $ 292.5 million in cash for gene therapy CDMO Vigene Biosciences,… Read More »

Third Akorn sterile drug plant hit by FDA as new CEO lays out blueprint for a better future

Akorn Pharmaceuticals, which had a $ 4.3 billion buyout by Fresenius tank last fall, just can’t seem to catch a break. Just weeks after being hit with an FDA warning letter for its manufacturing operations in Illinois—problems that led to the death of the deal—Akorn today reported that it has received a citation on its third… Read More »