June, 2024 – Elk Grove Village, IL

Synchem has been acquired by Formosa Laboratories

Formosa Laboratories, Inc., a leading API supplier and CDMO headquartered in Taiwan, has successfully completed its acquisition of SynChem, Inc., a contract research laboratory located in suburban Chicago. SynChem will now operate under the new name SynChem-Formosa.

As a now wholly-owned subsidiary of Formosa Laboratories, Dr. W. Paul Mar will continue as CEO of SynChem-Formosa, leading the company's operations and reporting directly to Dr. Cheng, Chairman and President of Formosa.

Please see Formosa's website to read more: https://www.prnewswire.com/news-releases/formosa-laboratories-completes-the-acquisition-of-synchem-to-expand-north-american-cdmo-footprint-302160495.html