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Argonaut Manufacturing Services

Portfolio Asset

Name Argonaut Manufacturing Services
Type Operating Company

Description

Argonaut Manufacturing Services is a GMP-grade contract manufacturer of research and diagnostic kits and is developing a sterile fill/finish capability for biopharma clients. The company revenues have been growing rapidly (+75% in last 12 months, as of Q3 2019). Their recent acquisition of a company that provides lyophilization technology has been a driver of growth. We are encouraged by their strategy to bring their biopharma services online since there is a widely known shortage of this capability in the market leading some customers to have to wait 1.5 years until their drug products can be made.