Thomas H. Lee Partners and Frazier Healthcare Partners Acquire Adare | Region

BOSTON & SEATTLE–(BUSINESS WIRE)–Sep 22, 2020–

Thomas H. Lee Partners, L.P. (“THL”) and Frazier Healthcare Partners (“Frazier”) today announced they have acquired Adare Pharmaceuticals, which will be rebranded Adare Pharma Solutions (“Adare”), a leading specialty contract development and manufacturing organization (CDMO) and global provider of advanced pharmaceutical technologies, from TPG Capital. The acquisition includes Adare’s CDMO, pharmaceutical technology and microbiome businesses, while TPG Capital will retain rights to Adare’s Eosinophilic Esophagitis (EoE) product, which has been spun out into a separate entity.

The partnership with THL and Frazier will help accelerate the momentum Adare has achieved in helping pharma companies develop and manufacture transformative medicines that improve patient health and outcomes. As part of an acceleration of these efforts, the rebrand to Adare Pharma Solutions will reinforce the Company’s ability to provide end-to-end CDMO capabilities and proprietary technologies, and its commitment to providing first class customer service.

“Adare has a

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Several Capital Region organizations receive Workforce Development awards

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New York Gov. Andrew Cuomo speaks during a news conference against a backdrop of medical supplies at the Jacob Javits Center that will house a temporary hospital in response to the COVID-19 outbreak, Tuesday, March 24, 2020, in New York. Cuomo sounded his most dire warning yet about the coronavirus pandemic, saying the infection rate in New York is accelerating and the state could be as close as two weeks away from a crisis that projects 40,000 people in intensive care. (AP Photo/John Minchillo)

ALBANY, N.Y. (NEWS10) – Over 60 businesses, schools, and community-based organizations across the state were awarded nearly $9 million as part of New York’s Workforce Development Initiative.

“These awards will provide thousands of workers with the training and skills they need to Build Back Better,” Cuomo said.

The grants

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