Print
Health Care

Alcami Buys Massachusetts Company

By Staff Reports, posted Dec 16, 2021
Alcami Corp. announced that it has acquired another company that serves the pharmaceutical industry. (File photo)

Alcami Corp., a Wilmington-based company, announced this week it has acquired another pharma firm.

Itself a pharmaceutical and biotech contract development and manufacturing organization (CDMO), Alcami bought Masy Systems Inc., a provider of cGMP Biostorage and pharma support services, for an undisclosed amount, according to a news release. 

The abbreviation "cGMP" in the pharmaceutical industry stands for "current good manufacturing practices."

"The acquisition of Masy adds complementary service offerings and further reinforces Alcami's ambitious growth and expansion initiatives," said Patrick Walsh, chairman and CEO of Alcami, in the release.

Alcami company officials announced in January that it was investing $2 million in its Wilmington site, 2320 Scientific Park Drive, to expand its oral solid development and manufacturing capabilities. The firm has about 400 employees in Wilmington.

Masy was founded in 1984 by entrepreneurs Laurie and John Masiello and operates three cGMP Biostorage facilities in Massachusetts, all within an hour of Boston and Cambridge, with a fourth facility set to open in early 2022, the release stated.

"The company offers secure and tightly controlled cGMP temperature storage from -196˚C to 70˚C, including all ICH stability conditions, for various materials including vaccines, biopharmaceuticals, cell banks, tissues, compounds and medical devices," according to the release.

The company's pharma support services include equipment calibration, large-scale validation and qualification projects, SenseAnywhere monitoring solutions and validation and calibration equipment sales and rentals, the release stated.

Masy's additional pharma support service operations are located in California, Pennsylvania, New Jersey and North Carolina.

"We built an amazing company at Masy and are thrilled to partner with the Alcami team, as our combined resources and capabilities will result in enhanced support for our customers," Lauri Masiello stated in the release.

Benefits for Masy clients include immediate access to Alcami's service offerings ranging from analytical development and testing to full drug product development and manufacturing, both sterile fill-finish and oral solid dose, according to the release.

The release also said, "Similarly, Alcami's extensive client base will have access to Masy's available and growing cGMP Biostorage capacity and extensive pharma support services."

Ico insights

INSIGHTS

SPONSORS' CONTENT
Tommytaylor ceo unitedway

Why UWCFA - Connecting to the Community

Tommy Taylor - United Way
Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech
Jasonpathfinder3

Finding Success in Succession Planning

Jason Wheeler - Pathfinder Wealth Consulting

Trending News

Affordable Housing Investors Buy Lakeside Villas In $29M Deal

Staff Reports - Jan 26, 2023

Work Continues On Covey, Envisioned As Midtown’s Neighborhood Nest

Miriah Hamrick - Jan 25, 2023

The Half Takes A Bite Out Of New Markets With Second Location

Miriah Hamrick - Jan 25, 2023

City To Begin Due Diligence On Potential Thermo Fisher Building Purchase

Johanna F. Still - Jan 25, 2023

Novant NHRMC Unveils Its Neurosciences Institute

Staff Reports - Jan 25, 2023

In The Current Issue

New App Hooks Seafood Connections

Landon Hill is the founder and owner of the mobile app that seeks to promote local fishers and make it easier for buyers to find fresh seafo...


Chill Couple Grows Ice Cream Stores

Boombalatti’s Homemade Ice Cream became a local favorite when it first opened in The Forum on Military Cutoff Road in 1999. When Wes and Kri...


Preserving Wealth, For Family And History

Plans for major improvements fell by the wayside, delayed by life and the home’s overwhelming degree of deterioration, which placed the prop...

Book On Business

The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2022 Power Breakfast: Wilmington's Most Intriguing People - Spence Broadhurst & Hannah Gage
2022 Power Breakfast: Wilmington's Most Intriguing People - George Taylor
2022 Power Breakfast: Wilmington's Most Intriguing People - Mike Ford
2022 Power Breakfast: Wilmington's Most Intriguing People - Meaghan Dennison
2022 Power Breakfast: Wilmington's Most Intriguing People - Rhonda Bellamy