Paykel-backed NZ serum exporter snaps up Aussie rival

Acquiring CellSera adds a 'critical new serum' to the Auckland firm’s existing product range. (Photo: supplied)

Wed, 29 Sep 2021

Animal serum and plasma exporter Auckland BioSciences (ABS) has purchased an Australian competitor as it seeks to become a global industry leader.The company manufactures and exports premium New Zealand-made animal-derived serum and plasma, which are key ingredients for growing cells for bio-pharmaceutical manufacturing and medical research. While it’s not a glamourous export, this serum is vital to biotech research and the production of vaccines – including some for covid-19.“While our business is operationally complex,...

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