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Sunday, April 14, 2019

Catalent to acquire Paragon Bioservices for $1.2B

Catalent has agreed to buy closely held Paragon Bioservices for $1.2B, The Wall Street Journal’s Jared Hopkins and Cara Lombardo report, citing people familiar with the matter. The all-cash deal, which is expected to be announced Monday morning, would help Catalent expand its gene-therapy manufacturing capabilities, sources said. The transaction is expected to close in the second quarter, the publication adds

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