Admescope has acquired Swedish contract research organization MetaSafe AB, which focuses on metabolic research and drug biotransformation. Financial terms were not disclosed.
Oulu, Finland-based Admescope, which offers services in toxicology and pharmacokinetics, said it hopes the purchase will strengthen its drug metabolism services in clinical-phase projects, and that it will also provide access to MetaSafe’s laboratory facility.
“We are excited about the acquisition, and warmly welcoming MetaSafe’s experienced experts as a part of the Admescope team,” Admescope CEO Ari Tolonen said in a statement. “Due to the excellent synergy between the companies' service portfolios and operative models, this acquisition will add value for both MetaSafe’s and Admescope’s customers, as together we create a more comprehensive service offering with strengths from the both companies.”
The merger aims to create a unique ADME-focused CRO, providing both preclinical and clinical services to support lead candidate optimization.
“MetaSafe’s and Admescope’s services are highly complementary, and in the future we will be in a position to provide our customers with a comprehensive offering from a single source for everything relating to ADME services in order to ensure early and late lead candidate optimization,” said Johanna Haglund, CEO of MetaSafe.