Canyon Laboratories, LLC
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Canyon Laboratories, LLC - overview
Established
2020
Location
Bluffdale, UT, US
Primary Industry
Pharmaceuticals
About
Established in 2020 and based in Utah, US, Canyon Laboratories, LLC provides specialized laboratory testing and consulting services for the medical device and pharmaceutical sectors, ensuring compliance with industry regulations and facilitating product development. In May 2023, Canyon Labs was acquired by MedVenture Health. The firm’s core offerings include microbiology and sterility assurance, analytical chemistry, packaging testing, and biocompatibility and toxicology assessments. These services are designed to ensure compliance with industry standards, facilitating the testing process from initial development stages to full production for various medical products.
Canyon Labs primarily serves a diverse clientele that includes medical device manufacturers, pharmaceutical companies, and other stakeholders within the healthcare sector. Canyon Labs generates revenue through direct business-to-business transactions, focusing on service agreements with clients in the medical and pharmaceutical sectors. The transaction structure typically involves clients contracting for specific testing services, such as biocompatibility assessments or analytical chemistry analysis. The recent acquisition by MedVenture Health in May 2023 is expected to drive Canyon Laboratories into its next stage of growth, expanding its service offerings.
Canyon Labs plans to leverage this acquisition to enhance existing services and potentially develop new testing solutions tailored to client needs.
Current Investors
Wasatch Health
Primary Industry
Pharmaceuticals
Sub Industries
Consulting Services, Diagnostic, Medical & Imaging Laboratories, Pharmaceutical Research & Development
Website
www.canyonlabs.com/
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Canyon Laboratories, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out, Trade Sale | Completed | iuvo BioScience's Lab Services and Consulting Businesses | - | ||||||||
| Buyout | Completed | Canyon Laboratories, LLC | - |
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