Drug manufacturer Catalent will buy Paragon Bioservices for $1.2 billion, helping it expand its gene-therapy capabilities
Contract drug manufacturer Catalent Inc. agreed to buy closely held Paragon Bioservices Inc. for $1.2 billion, according to people familiar with the matter, the latest deal in the emerging market for gene-therapy drugs.
The all-cash deal, which is expected to be announced Monday morning, would help Catalent expand its gene-therapy manufacturing capabilities, the people said. The transaction is expected to close in the second quarter.
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