Evonik said today that it has acquired the Lactel PLGA-based polymers business from Durect Corp.
All Durect employees associated with the Lactel business in Birmingham, Ala., accepted the offer to join Evonik in similar roles, according to Essen, Germany-based Evonik. The deal closed Dec. 31, 2020.
Evonik will integrate the Lactel biodegradable polymers line into its healthcare business, according to a news release.
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