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Evonik buys polymers business from Durect Corp.

January 5, 2021 By Nancy Crotti

(Image courtesy of Evonik)

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.

Get the full story on our sister site, Medical Design & Outsourcing.

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions Tagged With: Durect Corp., Evonik

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