Report: Philly-based PCI Pharma Services exploring sale:
Tom Paine
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Subscribe in a readerPCI Pharma Services is exploring s $1 billion sale according to sources, Reuters reports.
PCI Pharma Services, which is bssed in Northeast Philly, wss formed through the acquisition of Catalent Pharma Solutions Inc by PE firm Frazier Healthcare Partners in 2012, and the acquisition of the contract packaging business of AmerisourceBergen Corp a yaer later. The business is expected to fetch a $1 billion valuation, including its debt.
Reuters also reports other activity in the Pharma outsourcing patch. Pharmaceutical Product Development LLC, InVentiv Health Inc and Philsdelphia's eResearch Technology Inc have all explored either sales or initial public offerings, according to Reuters.
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