LTS expands its CDMO capabilities with the acquisition of Renaissance Lakewood
With the acquisition, Renaissance facilities will become part of the worldwide operations network of LTS, along with LTS' existing facilities in
The acquisition of Renaissance marks a significant milestone in LTS's strategy to expand its capabilities in the CDMO space. Renaissance brings deep expertise, state-of-the-art manufacturing infrastructure, and a talented workforce of approximately 500 employees. This move enables LTS to offer a broader range of drug delivery solutions and strengthens its position within the CDMO community.
Founded in 1979 and currently owned by RoundTable Healthcare Partners, Renaissance is headquartered in
This acquisition aligns with LTS's commitment to innovation and excellence in drug delivery. By integrating Renaissance's capabilities, LTS will be better positioned to serve pharmaceutical and biotech partners across a wider spectrum of therapeutic modalities.
The transaction is expected to close before end of
About LTS Lohmann Therapie-Systeme AG
We CARE. We CREATE. We DELIVER. The driving philosophy behind LTS. As a trusted technology partner for the pharmaceutical industry, we develop and manufacture innovative drug delivery systems such as Transdermal Patches ("TTS") and Oral Thin Films ("OTF") as well as wearable drug delivery devices ("OBDS"). LTS´ commercial offering encompasses more than 20 marketed products and a diverse pipeline of more than 40 development projects targeting multiple disease indications. LTS's innovation pipeline contains both partner-funded as well as proprietary, LTS-funded projects. LTS maintains its leading position through the continuous refinement of its core TTS and OTF technologies and by advancing emerging drug delivery technologies, including Microneedle Array Patches ("MAP") for the transdermal delivery of small and large molecules, biological actives and vaccines. With its SorrelTM wearable drug delivery platform LTS offers patient friendly solutions for complex drugs delivery at home. Founded in 1984, LTS operates today from four sites: in
About Renaissance Lakewood, LLC ("Renaissance")
Renaissance is a US-based contract development and manufacturing organization (CDMO) for pharmaceutical and biotech. With over 20 years of experience in nasal sprays and sterile dosage forms, Renaissance has a consistent track record of providing exceptional service and resources to clients from the development stage through commercial launch. Learn more about Renaissance at: www.renpharm.com
For further information, please contact:
LTS Lohmann Therapie-Systeme AG
Dr
Renaissance Media Contact
[email protected]
732-730-3262
SOURCE LTS Lohmann Therapie-Systeme AG
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