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3M Drug Delivery Systems

3M lays off another 1,700 workers, many related to former drug delivery business

August 7, 2020 By Chris Newmarker

3M (NYSE:MMM) laid off another 1,700 workers during its second-quarter — with many of the jobs related to the company’s divested drug delivery business. The layoff — announced as part of an SEC filing on July 28 — comes after the Maplewood, Minn.–based manufacturing conglomerate said early this year that it would lay off 1,500 workers — though […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured Tagged With: 3M, 3M Drug Delivery Systems, Altaris Capital Partners

Kindeva Drug Delivery launches as independent company from 3M

May 4, 2020 By Danielle Kirsh

kindeva-drug-delivery

Kindeva Drug Delivery recently announced that it launched as an independent company, shedding its former 3M Drug Delivery Systems name. The formation of the independent company follows its acquisition by Altaris Capital Partners in a transaction that was worth $650 million. Through the acquisition, 3M will hold a 17% minority interest in Kindeva with Altaris. […]

Filed Under: Business/Financial News, Drug-Device Combinations, Mergers & Acquisitions Tagged With: 3M, 3M Drug Delivery Systems, Kindeva Drug Delivery

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