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Huons Co., Ltd. acquires stake in PanGen to accelerate biopharmaceutical development

Nov 07, 2024•8 months ago

Acquiring Company

Huons

Acquired Company

PanGen Biotech

Seongnam SiDurhamBiopharmaBiotechnologyManufacturingBiotechnologyManufacturing

Description

Huons Co., Ltd. has announced the acquisition of a significant stake in PanGen Biotech Inc. The acquisition is aimed at expanding Huons' biopharmaceutical research and development expertise, as well as strengthening its contract development and manufacturing organization (CDMO) business. This strategic move is expected to enhance Huons' global competitiveness and lead to synergies between affiliates.

Company Information

Company

Huons

Location

Seongnam Si, Gyeonggi, South Korea

About

Huons is a leading healthcare company specializing in pharmaceuticals and medical devices. The company focuses on providing innovative health solutions for various medical needs. Huons is recognized for its commitment to improving patient care. The company's operations extend across multiple countries.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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