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A new start
June 2020
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ST. PAUL, Minn.—May began with the launch of Kindeva Drug Delivery (formerly 3M Drug Delivery Systems) as an independent company in the wake of its acquisition by Altaris Capital Partners. In conjunction with the acquisition, 3M will retain a 17 percent minority interest in Kindeva with Altaris. Kindeva, a global contract development and manufacturing organization, employs roughly 900 individuals, with sites in Minnesota, California and the U.K., and offers microneedle-based drug delivery platforms.
 
“We are excited to be partnering with 3M and the Kindeva team in this transaction,” said George Aitken-Davies, managing director of Altaris. “We believe Kindeva is well positioned to build on its successful track record as a leading provider of drug delivery technologies.”

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