Suven Pharmaceuticals has acquired a controlling stake in NJ Bio with an investment of USD 64.4 million.

Based in Princeton, NJ Bio is a premier ADC/XDC-focused CRDMO offering cutting-edge solutions across the ADC value chain. It was founded by Dr Naresh Jain, a well renowned scientist in the ADC space, holding PhD from Boston University & Post-Doctoral Research Fellow at The Scripps Research Institute, California.

He had previously founded The Chemical Research Solution LLC (an ADC CRO) and served in senior R&D roles at J&J for 8+ years. NJ Bio has served 150+ customers, delivered over 500 projects in 5 years, and won the prestigious World ADC Awards for four consecutive years (2021-24).

On this acquisition our Executive Chairman, Vivek Sharma, said, “We are very excited to partner with Dr Jain and his team and welcome them to the Suven family. This transaction is in line with our vision of being a technology-led CDMO, offering end-to-end solutions in emerging modalities like ADCs. NJ Bio’s capabilities and established customer relationships will accelerate Suven’s journey as a global leader in this fast-growing ADC/XDC segment which is emerging as a very important modality and has improved the lives of well over 100,000 patients already.”

Dr. V. Prasada Raju, MD, Suven added, “Through NJ Bio, we deepen our pioneering expertise and offerings across the ADC value chain, from R&D to commercialization. NJ Bio’s capabilities in drug discovery and early-stage development gives us the much-desired early entry point in the customer’s ADC drug development cycle while also giving us access to ADC focused innovator companies with longstanding relationships.”

Dr. Naresh Jain, Founder & CEO, NJ Bio said, “NJ Bio has, over the last few years, created enormous value for our clients by solving complex ADC challenges. We have been instrumental in moving our client’s discovery programs to rapid proof-of-concept and clinical manufacturing. Now, I am thrilled to announce that NJ Bio will strategically partner with Suven, a technology-led CDMO, which will enable NJ Bio to also provide its clients with expanded capabilities from discovery to commercial manufacturing. I am confident that with NJ Bio and Suven’s synergistic capabilities, we will emerge as a leading global CDMO in ADCs and other emerging modalities.”