M&A / API manufacturing

Read beyond
the data room.

Technical due diligence that connects the chemistry, the process and the manufacturing evidence.

Discuss your transaction

Areas of review

Six connected lenses.
One technical picture.

The depth of each workstream depends on access, materiality and the agreed brief.

01 / PRODUCT

Specifications & analytical data

Examine the available specifications and analytical evidence, and identify questions about consistency, methods and impurity understanding.

Does the evidence support the stated product profile?

02 / PROCESS

Manufacturing process

Review process descriptions and supporting records to understand the route, critical operations and dependencies.

Where does the process depend on an untested assumption?

03 / SCALE

Scale-up & implementation

Examine the evidence for the scale achieved and questions arising from further scale-up or implementation in a different plant.

What has been demonstrated at the intended scale?

04 / ECONOMICS

COGS & process economics

Review cost-of-goods assumptions against the available process, yield and manufacturing information.

Which technical assumptions drive the cost estimate?

05 / QUALITY

QA documentation

Review the available quality assurance information within the agreed technical scope and identify issues requiring specialist follow-up.

What does the documentation show, and what remains open?

06 / EVIDENCE

Data-room review

Connect the documents, flag information gaps and prepare focused technical questions for the transaction team.

Can important statements be traced to supporting evidence?

Shaping the engagement

Make the review fit
the decision.

A targeted question set or a broader technical assessment, with the boundaries clear from the outset.

The following are possible engagement outputs, to be agreed in the scope of work.

High-performance liquid chromatography instruments in a National Cancer Institute laboratory
Illustrative analytical laboratory · National Cancer Institute / Unsplash. Photo credits

Confidentiality by design

Clean-team work.
Clear boundaries.

Sensitive technical information needs an agreed framework before access begins.

Where a clean-team assignment is appropriate, participation depends on eligibility and conflict checks, confidentiality terms, defined access permissions and counsel-led rules for reporting and disclosure.

Technical diligence supports the transaction team’s judgement. The scope does not imply legal advice, financial valuation, regulatory approval or a formal GMP certification audit.

Before we begin

A few practical questions.

What is useful in a first enquiry?

The transaction type, API or drug substance context, key technical questions, likely information access and your decision timeline. Please omit target names and confidential documents until confidentiality arrangements are agreed.

Can the review focus on a specific concern?

Yes. A brief can be defined around a particular process, scale-up, specification, analytical-data or COGS question, subject to the evidence available and an agreed scope.

What if the data room is incomplete?

Information gaps and their implications should be made explicit. A conclusion should distinguish the evidence reviewed from assumptions and matters that still need verification.

A focused first conversation

What do you need to
understand before you commit?

Start with the transaction type, the technical questions and the decision timeline. Keep the first enquiry non-confidential.

Discuss a potential engagement

Agree the fit, scope and confidentiality arrangements before sharing technical documents.

Email an enquiry

contact@michaeljamesmealy.com

The link opens your email app. Please keep initial enquiries non-confidential.