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M&A Deal Summary

Adicon Acquires CrownBio

On November 13, 2025, Adicon acquired life science company CrownBio from JSR Life Sciences for 204M USD

Acquisition Highlights
  • This is Adicon’s 1st transaction in the Life Science sector.
  • This is Adicon’s 2nd largest (disclosed) transaction.
  • This is Adicon’s 2nd transaction in the United States.
  • This is Adicon’s 2nd transaction in California.

M&A Deal Summary
Date 2025-11-13
Target CrownBio
Sector Life Science
Buyer(s) Adicon
Sellers(s) JSR Life Sciences
Deal Type Divestiture
Deal Value 204M USD

Target

CrownBio

San Diego, California, United States
CrownBio is a preclinical contract research organization (CRO) focused on oncology, immuno-oncology, inflammation, cardiovascular, and metabolic disease drug discovery. The firm provides in vitro, in vivo, and translational biology platforms, including patient-derived xenograft (PDX) models, organoids, and bioinformatics to help biopharmaceutical companies advance therapeutic programs. CrownBio was founded in 2006 and is headquartered in San Diego, California.

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Buyer(S) 1

Buyer

Adicon

Hangzhou, China
Category Company
Founded 2004
Sector Life Science
DESCRIPTION

Adicon is an independent clinical laboratory (ICL). Adicon operates 20 fully-owned diagnostic laboratories, offering diagnostic testing outsourcing services to more than 10,000 active customers, including hospitals, clinics and contract research organizations (CROs) in 28 provinces. Adicon was founded in 2004 and is based in Hangzhou, China.

DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2025 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-13 Crown Bioscience

San Diego, California, United States

Crown Bioscience is a global contract research organization (CRO) providing discovery, preclinical and translational platforms and services to advance oncology and immuno-oncology. Crown Bioscience headquartered based in California, US.Crown Bioscience is founded in 2006.

Buy $204M

Seller(S) 1

SELLER

JSR Life Sciences

Sunnyvale, California, United States
Category Company
Sector Life Science
DESCRIPTION

JSR Life Sciences Corp is provider of specialized materials and products to the biotech industry. JSR Life Sciences operates a network of manufacturing facilities, sales offices and R&D labs in key markets throughout North America, Europe and Asia­Pacific. JSR Life Sciences is focused on diagnostics and research products and bioprocessing materials and services for the manufacture of biologics. JSR Life Sciences is based in Sunnyvale, California.

DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-15 JSR Life Sciences - Chromatography Business

Sunnyvale, California, United States

JSR Life Sciences' Chromatography Business provides chromatography services.

Sell -
Mergr

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