Audax Private Equity Announces Growth Investment in Pyramid Laboratories, Inc.

(Costa Mesa, CA – Business Wire) Audax Private Equity (“Audax”), a leading alternative investment manager and capital partner, announced today that it has made a growth investment in Pyramid Laboratories, Inc. (“Pyramid” or the “Company”) to support the continued growth of the Company’s clinical and commercial biologics and advanced therapeutics manufacturing and service operations.

Pyramid focuses on high-growth specialties within the drug development and manufacturing process, including formulation development, lyophilization, aseptic fill-finish of biologics, and other analytical and stability services to both clinical and commercial customers, including GMP storage and distribution. Pyramid, in partnership with Audax, has committed capital to complete a planned expansion of its facilities that will grow vial-filling capacity by more than 30% and syringe filling by more than 50%, which is expected to come online later this year.