Inotiv Secures MilliporeSigmas BioReliance Genetic Toxicology Assets
Inotiv obtains Genetic Toxicology Assets from MilliporeSigmas BioReliance® portfolio.
FREMONT, CA: Inotiv, Inc., a leading contract research organization specializing in nonclinical and analytical drug discovery and development services, acquires critical genetic toxicology assets from MilliporeSigmas BioReliance® portfolio, including standard operating procedures, stock cultures, historical control data, and client relationships. While Inotiv did not disclose specific financial terms, the transaction is structured as a sales-based royalty arrangement that does not require the Company to make any upfront payments.
Robert Leasure, Jr., President and CEO of Inotiv, comments, "This transaction with MilliporeSigma adds genetic toxicology to our suite of internal capabilities. We now have assembled in-house all of the critical nonclinical services necessary to support our clients goals of advancing to human clinical trials."
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MilliporeSigma is ceasing operations in the field of Genetic Toxicology. The agreement with Inotiv is intended to ensure that existing clients receive uninterrupted service. Additionally, Inotiv plans to hire certain MilliporeSigma employees who would have been laid off.
Additionally, Inotiv announces Gopala Krishna, Ph.D., MBA, as Senior Vice President, Genetic Toxicology, to lead the Company's genetic toxicology service offering. Dr. Krishna is a Diplomate of the American Board of Toxicology and a Fellow of the Academy of Toxicological Sciences. He has over three decades of experience in the pharmaceutical industry as a nonclinical leader in drug discovery and development at large and small pharmaceutical companies, including Pfizer, Abbott Laboratories, MGI Pharma, Enzon, and Supernus.
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