29 Aug 2019 --- BacThera is the newly dubbed 50/50 joint venture (JV) from global bioscience company Chr. Hansen and pharma contract manufacturing company Lonza. The new collaboration, which will attract €90 million in investment from the companies over the next three years, has just received the anti-trust approvals necessary for its establishment. The approvals consist of merger control clearance in the EU and China, meaning that the JV is compliant to international competition laws. With this operational green light, BacThera is now engaging with its first customers and commencing the contract manufacturing of live biotherapeutic products (LBP).
