Financial & Business

Jabil Acquires Pharmaceutics International Inc.

The deal complements Jabil’s existing pharmaceutical solutions offering.

By: Michael Barbella

Managing Editor

Jabil Inc. has completed a deal for contract development and manufacturing organization (CDMO) Pharmaceutics International Inc. (Pii), which specializes in early-stage, clinical, and commercial volume aseptic filling, lyophilization, and oral solid dose manufacturing. Neither company disclosed the acquisition’s terms.

“As the pace of healthcare innovation accelerates, pharmaceutical companies need partners who can help them scale rapidly with a focus on quality and safety. Jabil and Pii’s combined capabilities can provide end-to-end support for pharmaceutical customers, offering one safe, trusted pair of hands to simplify their entire supply chain,” said Mike Mahaz, senior vice president, Global Business Units, Healthcare, at Jabil.

Jabil provides parenteral drug delivery solutions in support of markets like GLP-1s. This acquisition will significantly enhance Jabil’s existing Pharmaceutical Solutions offering, which includes the development and commercial production of auto-injectors, pen injectors, inhalers, and on-body pumps. With the addition of Pii’s scientific insights, depth of product knowledge, and capabilities across aseptic filling, lyophilization, and oral solid dose manufacturing, Jabil claims it can meet its customers’ clinical and commercial drug manufacturing demands.

“Jabil is very pleased to announce this acquisition. With our shared commitment to creating the best solutions possible for patients around the world, we believe the addition of Pii’s capabilities, supported by over 300 team members, is a perfect fit for Jabil and our customers,” said James O’Gorman, vice president, Pharmaceutical Solutions, at Jabil. “The convergence of Jabil’s and Pii’s complementary capabilities will bolster Jabil’s customer offering and support business growth potential as we enter the CDMO market.”

Founded in 1994, Pii’s footprint has grown to more than 360,000 square feet across four sites on a single campus in Hunt Valley, Md. Pii’s Good Manufacturing Practice (GMP) facilities contain over 70 manufacturing rooms, including containment suites for handling high potency compounds and hormones, dedicated manufacturing suites for oral products (e.g., soft gels), an aseptic facility for injectables (e.g., vials, syringes, and cartridges), a formulation development center, and analytical and microbiology laboratories. This expertise will add pharmaceutical development and manufacturing services to Jabil’s current healthcare solutions.

By joining Jabil, Pii gains access to an expanded global infrastructure, cutting-edge automation, and enhanced supply chain efficiencies, enabling even greater responsiveness and innovation for its pharmaceutical partners.

“This acquisition marks an exciting new chapter for Pii. We look forward to leveraging Jabil’s expertise to accelerate our mission of delivering best-in-class drug development and manufacturing solutions to our customers and ultimately the patients we serve,” Pii President/CEO John Fowler stated.

“On behalf of our board and fellow shareholders at Athyrium Capital Management, Hildred Capital and Pharmascience Inc., I want to thank our management and staff for their work in building the company over the past several years,” Pii Chairman and Signet Healthcare Partners Managing Director James Gale concluded. “Jabil is the perfect owner to continue the momentum of the business. With their resources and capabilities, we believe our customers and employees will be well served going forward.”

Jabil offers engineering, manufacturing, and supply chain solutions. With more than 50 years of experience across industries and a network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. The company strives to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities globally.

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