Inotiv, Inc. acquired Histion, LLC for $1.8 million.
April 24, 2022
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Inotiv, Inc. (NasdaqCM:NOTV) acquired Histion, LLC on April 25, 2022.
Inotiv, Inc. (NasdaqCM:NOTV) completed the acquisition of Histion, LLC for $1.8 million on April 25, 2022. The purchase consideration consisted of $0.95 million in cash, subject to working capital adjustments, 17,618 of Inotiv's common shares, and unsecured subordinated promissory notes payable to the former shareholders of Histion in an aggregate principal amount of $0.433 million.
Inotiv, Inc. is a contract research company, which is engaged in providing nonclinical and analytical drug discovery and development services to the pharmaceutical and medical device industries and selling a range of research-quality animals and diets to the same industries, as well as academia and government clients. Its products and services focus on bringing new drugs and medical devices through the discovery and preclinical phases of development. It operates through two segments: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). The DSA segment supports the discovery, nonclinical development and clinical development needs of researchers and clinicians for primarily small molecule drug candidates, as well as biotherapeutics and biomedical devices. The RMS segment offer access to a range of small and large research models for basic research and drug discovery and development, as well as specialized models for specific diseases and therapeutic areas.