WAUNAKEE, WI (WTAQ) - A Wisconsin company that makes the active ingredient in blood thinner is about to be sold to a similar outfit from China.
The Shenzhen Hepalink Pharmaceutical company plans to spend $338 million to buy Scientific Protein Laboratories, which is based in Waunakee.
Both companies produce the active pharmaceutical ingredient in the common blood thinner heparin. The Dane County firm also makes pancreatin. That's an enzyme replacement for those who do not have a properly functioning pancreas -- including cystic fibrosis patients.
Scientific Protein Labs started in 1976 as a spinoff from Oscar Mayer Foods of Madison. It was designed to make chemical and medicinal items from the byproducts of animal processing. The pig pancreas and intestines are the key ingredients in the two major products from Scientific Protein Labs.
The headquarters in Waunakee employs over 165 people. A plant in Sioux City Iowa has 34 workers.
(Story courtesy of Wheeler News Service)