Cambrex Completes Acquisition of PharmaCore, Inc.
October 07 2016 - 10:35AM
Cambrex Corporation (NYSE:CBM), a leading manufacturer of small
molecule innovator and generic Active Pharmaceutical Ingredients
(APIs), today announced that it has completed the acquisition of
PharmaCore, Inc., a privately-owned company located in High Point,
North Carolina, specializing in developing, manufacturing and
scaling up small molecule APIs for clinical phase projects.
This completes the transaction initially announced on September 26,
2016. With the acquisition of PharmaCore, which has been
renamed Cambrex High Point, Inc., Cambrex enhances its capabilities
and expertise to efficiently develop early clinical phase products
and new technologies.
Forward Looking
StatementsThis document contains "forward-looking
statements," including statements regarding expected impact of the
PharmaCore acquisition on earnings per share and other potential
benefits of the transaction. These and other forward looking
statements may be identified by the fact that they use words such
as "expects," "anticipates," "intends," "estimates," "believes" or
similar expressions. Any forward-looking statements contained
herein are based on current plans and expectations and involve
risks and uncertainties that could cause actual outcomes and
results to differ materially from current expectations. The
factors described in Item 1A of Part I of the Company's Annual
Report on Form 10-K for the period ended December 31, 2015,
captioned "Risk Factors," or otherwise described in the Company's
filings with the SEC provide examples of such risks and
uncertainties that may cause the Company's actual results to differ
materially from the expectations the Company describes in its
forward-looking statements. Important factors include, but are not
limited to, the risk that the expected benefits of the transactions
may not be realized to the extent we anticipate or at all,
unexpected delays in the completion of ongoing capital projects,
pharmaceutical outsourcing trends, competitive pricing or product
developments, market acceptance and adoption rate of our customers'
products, government legislation and regulations (including those
pertaining to environmental issues), tax rate, interest rate,
technology, manufacturing and legal issues, including the outcome
of outstanding litigation, environmental matters, changes in
foreign exchange rates, uncollectible receivables, the timing of
orders or shipments and the Company's ability to meet its
production plan and customer delivery schedules, expected timing of
completion of capacity expansions, loss on disposition of assets,
cancellations or delays in renewal of contracts, lack of suitable
raw materials, the Company's ability to receive regulatory
approvals for its products, continued demand in the U.S. for late
stage clinical products and the successful outcome of the Company's
investment in new products.
For further details and a discussion of these
and other risks and uncertainties, investors are encouraged to
review the Cambrex Annual Report on Form 10-K for the fiscal year
ended December 31, 2015, including the Forward-Looking Statement
sections therein, and other filings with the SEC. The Company
cautions investors and potential investors not to place significant
reliance on the forward-looking statements contained in this press
release and to give careful consideration to the risks and
uncertainties listed above and contained in our SEC filings. The
forward-looking statements in this press release speak only as of
the date of this document, and the Company undertakes no obligation
to update or revise any of these statements.
About
CambrexCambrex Corporation is an innovative life
sciences company that provides products, services and technologies
to accelerate the development and commercialization of small
molecule therapeutics. The Company offers Active
Pharmaceutical Ingredients (APIs), advanced intermediates and
enhanced drug delivery products for branded and generic
pharmaceuticals. Development and manufacturing capabilities include
enzymatic biotransformations, high potency APIs, high energy
chemical synthesis and controlled substances. For more
information, please visit www.cambrex.com.
Contact:
Alex Maw
Director, Marketing and Communications
Tel: +44 7803 443 155
Email: alex.maw@cambrex.com
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