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Repligen Announces Agreement to Acquire Chromatography Innovator Tantti
Jul 31, 2024
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Group photo of the Tantti team and the Repligen team
Accelerates expansion into new modality markets with a unique, scalable purification solution.
Strongly synergistic with AVIPure®affinity ligands and OPUS®pre-packed chromatography columns.
Tantti’s DuloCore®technology platform combines the high throughput performance of membranes with the rapid mass transfer of monoliths in a convenient and flexible bead format. Combined with AVIPure affinity ligands, the technology will provide additional performance advantages such as molecule selectivity, and increased efficiencies to address downstream bottleneck challenges and scalability concerns of manufacturers. The resins can be pre-packed for customers into Repligen’s OPUS Columns, where the company offers the industry’s widest range of sizes for scalability and efficiency.
Tony J. Hunt, Chief Executive Officer at Repligen said, “The addition of Tantti further strengthens our portfolio in the new modality space. Combining Tantti’s innovative bead technology with the content we are generating from Avitide will be game-changing. The industry needs high throughput and high-capacity purification products, and Tantti is the solution to delivering on this. We are excited to welcome the Tantti team to Repligen, and we look forward to further developing and integrating their differentiated technology into our portfolio.”
Joe Yang, Chief Executive Officer at Tantti said, “We have been working with Repligen for a few years now and we are thrilled to combine the power of Tantti’s bead technology with the capabilities of Avitide and to leverage the commercial strength of Repligen to make DuloCore the gold-standard in the marketplace for new modality purification. Repligen is the ideal partner for us to take this next step of growth and we look forward to working with our colleagues at Repligen to accelerate our market presence in bioprocessing.”
The acquisition is expected to be completed in the fourth quarter of this year. The deal is anticipated to be breakeven on adjusted margins and adjusted earnings per share (EPS) in 2025 and accretive to adjusted margins and adjusted EPS in 2026.
Approvals and Financing
The transaction is expected to be completed by year end 2024, subject to the satisfaction of customary closing conditions, including clearance through the Taiwanese regulatory channel. EC Mergers & Acquisitions is acting as financial advisor and Goodwin Procter LLP and Tsar & Tsai Law Firm are serving as legal counsel to Repligen. O’Melveny & Myers LLP and LCS & Partners are serving as legal counsel to Tantti for the transaction.
About Tantti Laboratory Inc.
Tantti Laboratory Inc. is a biomaterials engineering company developing bioprocessing solutions for use in the development and production of innovative biologic products and advanced cell and gene therapies. Its key product technology platforms include DuloCore, a new class of convective chromatography bead resin designed for the purification of large biomolecules (e.g., viral vectors, nucleic acids, and viruses). Founded in 2014 and based in Taiwan, Tantti’s technologies have received patent approval around the world, including in the United States, Europe, Japan, Taiwan and China. Visit https://www.tantti.com to learn more.
About Repligen Corporation
Repligen Corporation is a global life sciences company that develops and commercializes highly innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs. We are “inspiring advances in bioprocessing” for the customers we serve; primarily biopharmaceutical drug developers and contract development and manufacturing organizations (CDMOs) worldwide. Our focus areas are Filtration and Fluid Management, Chromatography, Process Analytics and Proteins. Our corporate headquarters are in Waltham, Massachusetts, and the majority of our manufacturing sites are in the U.S., with additional key sites in Estonia, France, Germany, Ireland, the Netherlands and Sweden. For more information about the company see our website at www.repligen.com, and follow us on LinkedIn.
