LGC and Quotient Bioresearch have reached agreement on the sale by Quotient of its Bioanalytical Sciences division, which now forms part of LGC's Health Sciences division. The acquisition will enable LGC to provide an enhanced range of products and services to the pharmaceutical sector including bioanalysis, materials science and reference materials amongst others.
Under the terms of the transaction, Quotient and LGC have committed to collaborate as preferred partners on the provision of Bioanalytical Sciences. This will enable clients to continue to benefit from the early development services offered by the Quotient group including clinical trials, metabolism and radiolabelling. The Bioanalytical Sciences business will continue to trade using the "Quotient" name under its new ownership for the time being.
The transaction follows the sale two years ago by Quotient to LGC of HFL Sport Science; both divisions are based at Fordham, near Cambridge.
Jeremy Cook, Managing Director of LGC's Health Sciences said, "We're delighted to have acquired Quotient Bioanalytical Sciences, a high quality business which is complementary to our existing activities. We continue to develop our range of first-rate services in the pharmaceutical, biotechnology and agrochemical sectors by offering our customers a unique mix of technical experience, leading edge facilities and knowledgeable people."
Dr Steve Pleasance, Managing Director of Quotient Bioanalytical Sciences said "LGC's focus on complex analytical chemistry, high quality science and service delivery make them a natural home for our business. Both our organisations have reputations built upon quality and innovation and LGC's global presence will help support the continued growth of services to our customers."
