Novozymes acquires Delta Biotechnology Ltd

14-Jun-2006

Novozymes signed an agreement to acquire Delta Biotechnology Ltd from the sanofi-aventis group. The acquisition is subject to the usual official approvals and is expected to be finalised in the next one to three months. The parties have agreed not to disclose the purchase price.

Delta Biotechnology is a small technology-driven company involved in the research, development, production and sale of microbially produced recombinant proteins. Delta Biotechnology Ltd has 106 employees and a strong position in the market segment of recombinant human albumin, an ingredient used in the biopharmaceutical industry as replacement for human serum albumin.

The company's sales, which are primarily contract-based, amounted to around DKK 100 million in 2005 and have mainly been based on annual sales of Recombumin® for the formulation of biopharmaceutical products. The company also has in its pipeline projects for other quality grades of recombinant albumin and recombinant transferrin, which may be used as ingredients for cell culture media in the future. In addition Delta Biotechnology has developed a platform for producing recombinant proteins based on the Albufusion technology.

Novozymes is taking over Delta Biotechnology Ltd as part of its strategy of acquiring businesses which can strengthen its position and which use the same technology base as Novozymes. The acquisition will underpin the creation of a platform in ingredients for the biopharmaceutical industry. Novozymes already produces and develops ingredients for the biopharmaceutical industry.

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