Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

Inotiv Acquires Colorado Biopharma Company

Monday, October 4, 2021 05:07 PM EDT Updated: Tuesday, October 5, 2021 12:05 PM EDT
By Alex Brown
Inotiv Acquires Colorado Biopharma Company West Lafayette-based Bioanalytical Systems Inc. changed its name to Inotiv Inc. in March 2021.

West Lafayette-based Inotiv Inc. (Nasdaq: Inotiv) has acquired Plato BioPharma Inc., an in vivo pharmacology research and drug discovery company in Colorado. Inotiv says the deal, valued at $15 million in cash and stock, will bolster its growing operations in the Boulder, Colorado area.

Plato BioPharma specializes in cardiovascular, renal, pulmonary and hepatic therapeutics. Inotiv says the company is currently expanding its footprint in Boulder to accommodate growing demand for its services.

“The acquisition of PBI marks another milestone for Inotiv as we continue to execute on our strategy to build a complete range of contract research services that spans the entire drug discovery and preclinical development continuum,” said Dr. John Sagartz, chief strategy officer for Inotiv. “PBI’s expertise and integrative approach to functional and physiological measurements, histological evaluations and biomarker analyses is complementary to our existing suite of services. This addition allows us to support and accelerate PBI’s growth plans, while further expanding into more physiologic and pharmacologic offerings.”

Inotiv says it expects to retain all of PBI’s 34 employees.

Story Continues Below

Most Popular Stories

Perspectives

Strategic steps to take before you sell your company

Strategic steps to take before you sell your company

Before initiating the sale process, it's crucial to evaluate the financial health of your business. Prospective buyers will closely examine financial statements, profit margins, cash flow, and growth potential. Engaging a professional accountant or financial advisor can provide valuable insights to ensure your financial records are accurate and well-organized....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service