On July 2, Tobin Scientific announced that it acquired all assets of BioRepository Resources, LLC.
BioRepository Resources, LLC is a specialty contract services company that is focused on regulated long-term storage of biological and pharmaceutical materials. It is based in New Providence, New Jersey.
Tobin Scientific is a leading provider of biopharma cold chain, ambient storage and transport and logistics services. It is based in Beverly, Massachusetts and was founded in 1960. It has more than 300,000 square feet of ambient warehouse space and a robust portfolio of specialized transport and storage services.
This strategic acquisition enhances Tobin Scientific’s capabilities in biopharmaceutical storage and expands its footprint in the life sciences industry. The financial terms were not disclosed.
“We are excited to welcome BioRepository Resources to the Tobin Scientific family,” said Brian Tobin, CEO of Tobin Scientific. “This acquisition aligns with our mission to provide unmatched storage and logistics solutions to our clients. Our combined capabilities will allow us to offer even more comprehensive services to our customers, ensuring the highest standards of safety, security, and reliability for temperature-sensitive products.”
According to data captured in the LevinPro HC database, this acquisition marks the 14th contract research organization (CRO) transaction of the year. This is a slight decrease from the year before where 18 CRO transactions were reported between January 1, 2023, and July 2, 2023.
