Marquee investor Goldman Sachs has snapped up a “significant minority stake” in Aragen Life Sciences, the erstwhile India-based GVK Biosciences Pvt. Ltd., backing the contract research organization’s growth ambitions amid sustained outsourcing interest by biopharma and the need for greater global capacity and collaboration in research.
Goldman Sachs Takes Holding In CRO Aragen Amid Outsourcing Impetus
Goldman Sachs backs CRO Aragen, which it believes is well placed to gain from the “secular trend” of an outsourcing uptick by biopharma. Aragen has a string of alliances and is also assisting with both vaccine and test kit development against SARS-CoV-2 for its customers.
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