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By combining forces, VION will be able to offer a more comprehensive suite of products to researchers and developers working on cutting-edge treatments.
August 23, 2024
By: Charlie Sternberg
VION Biosciences, a life science platform company, has announced the acquisition of Echelon Biosciences, a supplier of critical lipid-based excipients. This strategic move marks the second significant investment for VION under Iron Path Capital’s roll-up platform, solidifying its position in the life science sector. Echelon’s expertise in lipid synthesis and nanoparticle engineering aligns seamlessly with VION’s focus on mRNA-based therapies. By combining forces, VION will be able to offer a more comprehensive suite of products to researchers and developers working on cutting-edge treatments. Mark Thornton, CEO of VION Biosciences, said, “The acquisition of Echelon Biosciences allows us to more effectively serve our customers who are focused on the delivery of a variety of mRNA and other gene-based biotherapeutics. Echelon’s long history as a market leader in ionizable and other critical lipids necessary to various stages of drug development pairs nicely with VION’s growth goals to expand its portfolio offering in the biopharma, diagnostic, and clinical research segments.” The acquisition of Echelon is expected to drive significant value for both companies. By leveraging VION’s resources and infrastructure, Echelon will be able to enhance its product offerings and reach a wider customer base. Meanwhile, VION will benefit from Echelon’s expertise and strong customer relationships. Former Echelon Owner and President, Bert V. Israelsen, explained, “Joining forces with VION Biosciences provides an exciting opportunity to amplify the impact of our products and technologies. The combination of the team at Echelon and the VION senior leadership is a recipe for success, and we look forward to contributing to VION’s innovative vision and advancing scientific discovery together.” As part of the acquisition, Echelon will continue to operate as a subsidiary of VION, maintaining its existing customer base and technical leadership. The combined entity will be well-positioned to capitalize on the growing demand for specialized reagents and technologies in the life science research, diagnostic, and drug discovery sectors.
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