Contract research, development and manufacturing organisation Aragen on Monday said it has secured USD 100 million investment from private equity fund Quadria Capital. The investment will result in Quadria acquiring a minority stake in Aragen, at a valuation of around USD 1.4 billion, primarily through a fresh capital infusion, with a small portion from the sale of shares by existing investors, the company said in a statement. The funding will support the company's strategic expansion of its capabilities and infrastructure, enabling it to meet the growing demand for outsourcing services from innovators in the US and Europe, it added. With investment, Quadria joins Goldman Sachs as the second strategic investor in Aragen. "This investment marks a pivotal moment as we scale to meet the needs of a rapidly evolving market, said Manni Kantipudi, CEO, Aragen Life Science. "Our expanded capabilities will allow us to support the rising demand for integrated discovery and manufacturing ...
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/ -- CitiusTech Healthcare Technology Pvt. Ltd., a leading provider of healthcare technology services, solutions, and platforms, announced the expansion of its presence to Warsaw, Poland. This strategic move will help CitiusTech expand its global delivery model through its foray into the European market, and further solidify its position in healthcare technology. CitiusTech is committed to providing exceptional healthcare technology solutions to its clients worldwide, and this new office will focus on areas such as digital transformation, product engineering, cloud services, data, and AI. Rajan Kohli, CEO, CitiusTech, said, "We are excited to expand our operations to Poland, a country with a strong talent pool and a growing economy. This expansion will keep us closer to our clients, help us be more agile and bolster our global delivery model to deliver enhanced experience to our current clients. In addition, we are optimistic that this expansion will aid in our efforts to build a ...
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