TCP Reliable purchased the assets of LaunchWorks Manufacturing Lab, an ISO 13485 certified contract manufacturing organization and provider of supply chain solutions. Prior to the transaction, LaunchWorks had been an operating unit of ArcherDX, Inc., a developer of NGS-based diagnostics based in Boulder, Colorado. LaunchWorks’ operations will remain at their current location in Beverly, Massachusetts.
“The LaunchWorks team has built a stellar reputation for high quality manufacturing of Next Generation Sequencing reagents and test kits. Cryopak’s family of products and services will help LaunchWorks’ customers meet the innovation challenges brought about by the revolution of Precision Medicine faster. In addition, LaunchWorks’ contract manufacturing capability complements our thermal packaging and supply chain integrity products and services for the Life Science industries,” said Maurice Barakat, CEO of TCP Reliable.CMC Transaction Services, the investment banking division of the CMC Consulting Group, initiated this transaction and advised ArcherDx on its sale of LaunchWorks.
CMC Transaction Services, the investment banking division of the CMC Consulting Group, initiated this transaction and advised ArcherDx on its sale of LaunchWorks
About TCP Reliable, Inc.
The TCP Reliable family of companies address customer challenges when transporting temperature-sensitive materials — from manufacturing Expanded Polystyrene, quality cold chain packaging solutions and temperature data loggers, and conducting package and material testing services. The company is headquartered in Edison, New Jersey, with locations throughout the United States, Canada and France.
LaunchWorks is contract manufacturer of consumable molecular diagnostics kits based in Beverly, Mass. LaunchWorks delivers the fastest path to market for Life Science companies developing leading edge genomic technologies. Their contract manufacturing experts quickly and effectively convert complex projects into reliable, repeatable, quality kits. Their approach to formulation, filling and finishing allows for flexibility to let clients focus on core competencies. Beginning at raw material sourcing, instruction development and custom formulation, LaunchWorks extends its contract services through brand development, package design, labeling, warehousing, logistics and cold chain shipping.
About CMC Consulting Group
CMC Consulting Group is an international firm providing integrated transaction advisory, management consulting, medical affairs advisory and innovation research to companies in the healthcare and life science industries. Our clients receive the knowledge, expertise and value-added guidance of both a strategy and medical affairs consulting firm and an investment bank combined into one industry specialist. With offices in the United States and throughout Europe, CMC complements global industry knowledge with rich local market insight.