Rentschler and Leukocare announce strategic alliance and equity investment

06-Feb-2017 - Germany

Rentschler Biotechnologie GmbH, Laupheim and Leukocare AG, Martinsried announced a strategic alliance under which Leukocare will become the specialized technology partner and the exclusive formulation developer for Rentschler’s biopharmaceuticals business. Rentschler in return will become the first and only contract development and manufacturing organization (CDMO) to have access to Leukocare´s patented SPS® formulation technologies. Leukocare’s ongoing and future business activities with pharma and biotech beyond the CDMO business will not be affected by this alliance. Rentschler will acquire a 10% stake in Leukocare. Dr. Frank Mathias, CEO of Rentschler, will join Leukocare’s Board of Directors.

Creating competitive advantages for clients with best-in-class formulations

The Rentschler/Leukocare alliance strategically aims to incorporate formulation development at every step throughout biopharmaceutical development and manufacturing. Working closely with the client, this will ensure that every end product will – from the very beginning – have a best-in-class formulation and administration mode. This innovative approach will provide clients significant competitive advantages, enabling them to exploit the full potential of their products and markets.

“Our alliance brings to the forefront the importance of drug formulation as a key success factor in the development process. We believe our enhanced ability to improve formulations will result in value creation for our clients and ultimately also help doctors and patients,” said Dr. Frank Mathias, CEO of Rentschler.

“This alliance will enable us to fully exploit the possibilities and advantages of the SPS formulation technologies,” stated Michael Scholl, CEO of Leukocare. “With a strong partner like Rentschler, we will be able to offer our innovative formulation expertise to a broad range of clients and elevate the role of formulation strategy on the biopharmaceutical industry’s agenda.”

https://www.bionity.com/en/news/161732/rentschler-and-leukocare-announce-strategic-alliance-and-equity-investment.html