~300-person US-based company developing therapeutic proteins in the hematology area.
The primary asset had achieved conditional marketing approval in the US and EU, but achieved poor sales volume and resulting cash flow issues in target company.
Well-developed internal QMS with document management system, training system and about 80 SOPs.
A second commercial product was in the midst of market withdrawal at the time of acquisition.
No GCP or PV expertise in the company, leading to significant gaps in pharmacovigilance compliance and lack of CRO audits/clinical site audits - required significant remediation efforts.
Issues with reliability of laboratory data and sample swaps/mix-ups impacting clinical data from Phase 4 study required for conditional approval.
Enterprise-level decision to integrate SAP system six months post-close impacted GMP/GDP Quality, in which inventory control was tied to QA/QP release and adherence with Distribution licenses. SAP integration was delayed by 4 months to address Quality/QMS integration.
The primary asset didn’t fit with acquiring company’s existing product portfolio from administration perspective- (hospital setting vs. clinic or at-home setting, acute care vs. chronic care).
About 2 years after acquisition, the primary asset was transferred to another business unit of the global parent company.