BioDuro, a global life science research and development organization backed by Advent International (“Advent”), and Sundia, a leading contract research and manufacturing organization, today announced that they have partnered to create one of the largest CRDMOs (contract research, development, and manufacturing organizations) with major operations in China and the US. The combined company will operate as BioDuro-Sundia, providing fully integrated drug discovery, development, and manufacturing for both API (Active Pharmaceutical Ingredients) and drug products. Advent led a majority investment in Sundia, with Bridgewest Capital as co-investors.
China eCapital Partners, LLC, the US affiliate of CEC Capital Group, served as Sundia’s financial advisor in this transaction.
BioDuro-Sundia has a combined talent pool of over 2,000 employees across 10 global sites, enabling operational scale and integrated capabilities that provide its biopharma customers a single end-to-end solution from early-stage drug discovery to late-stage manufacturing. With strong financials and committed investment, BioDuro-Sundia is already expanding operations to bolster its strategic locations, including two new sites in China — an R&D base in Wuxi City and a manufacturing center in Bengbu – as well as capacity to add more than 1,000 employees over the next two years.
Together, the new partnership’s teams, facilities and investments are well positioned to provide continuity of services to their combined clients ensuring more success, faster timelines, and higher confidence to achieving drug discovery and development milestones.
BioDuro-Sundia’s Board of Directors includes BioDuro’s existing Board with the addition of Cathy Yen, Chairman of Sundia. Mrs. Yen is an independent director, joining hands with industry veterans such as David Preston, Kewen Jin and Masood Tayebi.
Jim Li, CEO of Sundia, joins the senior management team of BioDuro-Sundia as President of China Global CMC (Chemistry, Manufacturing and Controls) Solutions, with responsibility towards critical growth in that market, including build-out of the company’s late stage GMP and non-GMP API scale-up capabilities. Mr. Li will report directly to Cyrus K. Mirsaidi, CEO of BioDuro-Sundia.
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