Lubrizol Acquires Particle Sciences
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

Lubrizol Acquires Particle Sciences

7:52 AM, 9th September 2015
Lubrizol Acquires Particle Sciences

CLEVELAND, US: The Lubrizol Corporation said that it has acquired Particle Sciences, a leading contract drug development and manufacturing organization with services for the formulation, analysis and production of complex drug delivery solutions. Headquartered in Bethlehem, PA, Particle Sciences acquisition further expands Lubrizol lifesciences’ pharmaceutical development capabilities, providing full service drug delivery solutions to the market across a variety of dosage forms.

Particle Sciences will now be part of Lubrizol Advanced Materials but will retain its company name. Financial terms of the transaction were not disclosed.

“Particle Sciences acquisition allows us to leverage our core polymer chemistry into tailored solutions for novel implantable and dermal drug delivery systems for improved patient outcomes,” said Deb Langer, vice president and general manager, Lubrizol lifesciences.

The combination of Lubrizol’s polymer expertise, Vesta’s quality medical manufacturing and Particle Sciences’ leadership in drug formulation development, allows lifesciences to provide end-to-end solutions for success in the drug delivery market. With this unique combination, Lubrizol lifesciences delivers comprehensive medical and pharmaceutical solutions, including to the growing combination product market.

“Particle Sciences and Lubrizol lifesciences have worked together for several years. Lubrizol lifesciences’ gets extensive formulation, analytic and production assets for drug eluting devices, particulate, sterile and other complex drug products established over the last 10 years. We expect that coordinating all of this under one company will greatly benefit our customers,” said Mark Mitchnick, chief executive officer, Particle Sciences.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Whisky-powered fuel to run cars

EDINBURGH, UK: Celtic Renewables Ltd is the biggest winner in a competition run by the department for transport (DFT), earning an £11 million gr ...

Read more
Mosquito-repelling chemicals identified in traditional sweetgrass

BOSTON, US: Native North Americans have long adorned themselves and their homes with fragrant sweetgrass (hierochloe odorata), a native plant used in ...

Read more
New compounds could reduce alcoholics’ impulse to drink

BOSTON, US: Alcoholism inflicts a heavy physical, emotional and financial toll on individuals and society. Now new discoveries and promising animal st ...

Read more
‘Yellow chemistry’ turns sulphur waste into plastics

ARLINGTON, US: While many scientists are hard at work on “green chemistry” projects that will benefit the environment, there are a handful ...

Read more
Evonik, Dixie Chemicals to jointly develop new epoxy thermal curatives

GALENA, US: Evonik Jayhawk Fine Chemicals Corporation and Dixie Chemical Company Inc said they have entered into a joint development agreement in supp ...

Read more
Ma’aden restarts Ras Al Khair ammonia plant following technical repairs

RIYADH, SAUDI ARABIA: Saudi Arabian Mining Company (Ma’aden) said that its subsidiary Maaden Phosphate Company (MPC) has completed the technical ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X