Add-on Acquisition • Consumer Services

Explora BioLabs Acquires Novalex Biotech Resources

On June 10, 2021, Explora BioLabs acquired consumer services company Novalex Biotech Resources

Acquisition Context
  • This is Explora BioLabs’ 1st transaction in the Consumer Services sector.
  • This is Explora BioLabs’ 1st transaction in the United States.
  • This is Explora BioLabs’ 1st transaction in Massachusetts.

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M&A Deal Summary

Date June 10, 2021
Target Novalex Biotech Resources
Sector Consumer Services
Buyer(s) Explora BioLabs
Deal Type Add-on Acquisition

Target Company

Novalex Biotech Resources

Cambridge, Massachusetts, United States
Novalex Biotech Resources provides comprehensive, cost-effective, and customizable vivarium services and support packages for pharmaceutical companies to support their research efforts. The Novalex service model can be adapted to any company within vivo experiments. Novalex Biotech Resources is based in Cambridge, Massachusetts.
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Buyer Overview 1

Buyer

Explora BioLabs

San Diego, California, United States

Category Company
Sector Life Science
DESCRIPTION

Explora BioLabs provides vivarium and contract research services to companies ranging from early-stage biotechs to large pharma. Explora's Ph.D.-backed suite of Vivarium-as-a-Service solutions provides the vivarium-related resources that biotechnology organizations need to begin in vivo studies in as little as two weeks. Whether operating out of their own vivarium or utilizing Explora's growing network of nationwide facilities, clients have access to Explora's experienced vivarium management, facility design, rodent housing and caging equipment, supply chain management, regulatory compliance, and veterinary oversight. For clients whose research programs or internal expertise is at capacity, Explora offers preclinical contract research staff and services to support the design and execution of preclinical studies for oncology, metabolic diseases, pharmacokinetics, non-GLP toxicology, pain, and a variety of other common therapeutic areas. Explora BioLabs is based in San Diego, California.


Deal Context for Buyer #
Overall 1 of 1
Sector: Consumer Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1