Pace Analytical Life Sciences® announced that it has acquired Velesco Pharmaceutical Services, Inc. Velesco, also a CDMO, specializes in liquid, semi-solid, and oral solid dose product development.
"Pace scientists and professionals provide expertise and support to clients throughout their drug development timeline," said Eric Roman, CEO of Pace Analytical. "Adding Velesco to our portfolio is representative of our commitment to supporting customers across the drug delivery spectrum."
The acquisition of Velesco allows Pace to extend a range of support options; from binary solutions to complicated self-emulsifying drug delivery systems (SEDDS) and tailor them to the client's molecule, dose range, and drug delivery route. Velesco also extends the expertise, experience, capabilities, and clinical trial material manufacturing capacity that Pace brings to clients, including:
- Expertise in developing pharmaceutical formulations for non-clinical toxicology studies
- Specialized capabilities for small-scale, customized experiments that preserve limited compound supplies
- Support for complex drug product formulations, including softgel capsule, suspension, and other non-sterile liquid pharmaceutical drug products
Velesco co-founder and CEO David Barnes, Ph.D., will transition to Vice President, Scientific Affairs, and Velesco co-founder and COO Gerry Cox will assume the role of Vice President, Commercial Development at Pace. In their new roles, they will maintain and extend their impressive legacy of serving clients while adding key insights and leadership to the Pace network.
"Dave Barnes and Gerry Cox have much to offer to the Pace team, and we are excited to have them continue on in key roles," notes Greg Kupp, President of Pace Life Sciences. "The reputation of the Velesco team, their strong history and flexible response to client demand, make this a great cultural fit while adding tremendous value to our clients."
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