Japanese regenerative medicine company ReproCELL Inc. has announced the acquisition of the Scottish life sciences company, Biopta. The acquisition of Biopta and its US subsidiary, Biopta Inc. is expected to complete on December 10, 2015 and is aimed at strengthening ReproCELL's pharmaceutical industry-targeted drug discovery services.
Dr David Bunton, Biopta's co-Founder and CEO said, "The acquisition by ReproCELL is a great opportunity to build on the solid platform we have in outsourced drug discovery services. Scotland is known for the quality of its scientists and customer service and ReproCELL's investment recognizes these strengths. We have had a close partnership with BioServe, another ReproCELL Group company, for the past five years, which has helped us establish a very successful US subsidiary. We see the acquisition as the natural next step in the growth of the UK and US businesses."
ReproCELL was established in 2003 with the goal of contributing to people's health and welfare through the development of stem cell technologies. Many of ReproCELL's technologies were developed by the stem cell pioneers, Prof. Norio Nakatsuji from the Institute for Integrated Cell-Material Sciences, Kyoto University, and Prof. Hiromitsu Nakauchi from The Institute of Medical Sciences, The University of Tokyo. Commenting about the acquisition ReproCELL's CEO, Dr Chikafumi Yokoyama said, "This will allow our company to increase our market share by expanding our lineup of drug discovery support products aimed at the pharmaceutical industry and accelerate the development of ReproCELL's new products and services."