BASi, Seventh Wave Labs Merge

Bioanalytical Systems, Inc. and Seventh Wave Laboratories, LLC, have signed an asset purchase agreement (APA) joining operations in an effort to provide broader solutions and expanded scientific expertise to clients.

BASi provides contract research services and niche instrumentation to the life sciences industry, primarily in drug research, discovery, and development in commercial and academic settings. The company’s non-clinical toxicology lab provides drug safety and general toxicology services, including carcinogenicity studies, DART and juvenile toxicology studies. The company also offers regulated bioanalytical method development and analysis, non-clinical PK/PD from a purpose-built in vivo discovery center that includes a dedicated vivarium utilizing BASi’s Culex Automated Sampling Systems.

Seventh Wave provides consultation services to assess safety and efficacy of pharmaceuticals and devices. Bioanalysis, pharmacokinetics, and histopathology services cover discovery through regulatory approval, and are GLP compliant. The company’s in vivo services focus on discovery stage support. Also, pharmacology model development and special pharmacology models are also offered, with emphasis on hepatitis B virus pharmacology using liver humanized chimeric models.

Seventh Wave Laboratories generated annual revenues of approximately $11 million in 2017.

"For both BASi and Seventh Wave Laboratories, our success has been built on a solid foundation of quality, on-time delivery and a commitment to providing personalized and responsive service to our clients," said Philip Downing, senior vice president of preclinical services at BASi. "We believe Seventh Wave’s scientific depth and expertise in histopathology, pharmacokinetics, investigative toxicology and pharmacology model development perfectly complement BASi’s offerings and make this combination an excellent strategic fit. By bringing our companies together, we intend to provide the same dedication and focus our clients have come to expect, while delivering expanded options and more comprehensive solutions. We are proud and very excited to begin this new venture with Seventh Wave."

John Sagartz, DVM, PhD, DACVP, president and founder of Seventh Wave Laboratories, added, "We’re so thrilled to be able to bring together these two organizations. Over the past 15 years, we’ve engaged hundreds of clients to facilitate their discovery and development needs. With BASi, we add capabilities that have often been requested, but have not been available through Seventh Wave alone. Through extensive collaborations over the past several years, it is apparent that the two organizations share a focus on delivering quality and timely services. We expect the enhanced capabilities and shared core values to facilitate enriched client interactions and further growth."