Creoptix gets acquired by Malvern Panalytical to advance pharmaceutical drug development solutions
Malvern Panalytical, a company providing advanced analysis and services solutions for the pharma drug product development and services and solutions for other industries, announced its acquisition of Creoptix AG, a specialist bioanalysis sensor company. The acquisition forms a critical part of Malvern Panalytical’s strategy to expand its capabilities in support of drug discovery. Creoptix was among the TOP 100 Swiss Startups in 2014.
Creoptix provides cutting-edge tools for molecular interaction analysis through its WAVEsystem of next-generation bioanalytical instruments. The WAVEsystem offers a breakthrough level of kinetics analysis. Engineered around their proprietary Grating-Coupled Interferometry (GCI) technology, these tools enable researchers to access high-quality binding affinity and kinetics data across a broader range of samples than traditional SPR-based solutions. Creoptix’s solutions help its pharmaceutical/life sciences customers accelerate the discovery and development of new drug products.“We are really excited to welcome the Creoptix team into the Malvern Panalytical family,” stated Mark Fleiner, President of Malvern Panalytical. “We have always been driven by our desire to support our customers in the development of ground-breaking new drug products. Creoptix significantly builds on the instrumentation and services capabilities we have to achieve this, strengthening our position in supporting small molecule pharmaceutical development, while also significantly growing our capabilities in the fast-growing biopharmaceutical space.”
Line Stigen Raquet, CEO Creoptix, also sees significant opportunities resulting from joining the Malvern Panalytical team. “The purpose of Creoptix has always been to enable life scientists to accelerate drug discovery,” said Line. “Our WAVE portfolio is designed with the vision to advance breakthrough science and to help scientists develop new and better drugs faster. We believe that this is an exciting opportunity to further accelerate and deliver on our purpose, as we benefit from the exceptional knowledge and global customer reach provided by Malvern Panalytical.”
The integration of Creoptix into the Malvern Panalytical family will now begin and is planned to be completed within the first half of 2022.
Source: Creoptix website (press release and image)
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