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Joining hands
Dow Chemical Company and Colorcon have forged an alliance
to bring excipients for controlled release applications to the global pharma
market
The
Dow Chemical Company today announced its alliance with Colorcon, for the global
marketing, sales, technical service and development, and distribution of Dow
pharmaceutical excipient products for use in controlled release applications.
The agreement applies to select methocel hypromellose polymers, ethocel ethylcellulose
polymers and polyox poly(ethylene) oxide resins.
Colorcon is a world leader in the development, supply and support of formulated
products for the pharmaceutical industry. Its core businesses include film coatings,
modified release technologies, functional excipients and tablet design services.
Dow is a diversified chemical company that harnesses the power of science and
technology to offer a broad range of products and services to customers in more
than 175 countries. Dow Pharmaceutical Excipients provides innovative excipient
solutions through science and polymer technology. The company's multi-functional
excipients-methocel and ethocel cellulose ethers and polyox poly(ethylene) oxide
resins have been used in pharmaceutical formulations for more than 70 years.
This global strategic alliance intensifies both the companies' offerings to
the pharmaceutical market by fusing Dow's expertise in excipient technology
with Colorcon's leading position in drug dosage formulation. Controlled release
excipients provide the benefits of consistent drug release over time. The collaboration
between Dow and Colorcon will bring more technologically-advanced excipients
to more drug manufacturers worldwide.
"The alliance between Dow and Colorcon is a natural outcome of a 28-year-old
cooperation between the two companies and our answer to the global pharmaceutical
industry's demand for faster development and more efficient production of drug
ingredients," says Philip Pilnik, commercial director for Dow Pharmaceutical
Excipients.
"By formally joining Dow's expertise in polymer science and technology
development with Colorcon's global infrastructure, application development and
customer service experience, we are able to create a more valuable - and easily
accessible - resource for our pharmaceutical customers, who are increasingly
global in their operations," he adds.
Jim Coward, vice president and general manager for Colorcon Modified Release
Technologies adds, "We see this global alliance as a natural progression
for both companies in providing increased value to the pharmaceutical formulator.
Our goal is to provide a full range of products, tools and services for modified
release application in tablet, multi-particulate and osmotic formulations. By
expanding our relationship with Dow we expect to accelerate our new product
development efforts, as well as improve existing solutions for controlled release."
As a direct outcome of the alliance, Dow and Colorcon expect to further develop
the market for methocel, ethocel and polyox resins for controlled release applications.
Additionally, distribution of select methocel, ethocel and polyox resins for
the controlled release applications will be transitioned to Colorcon from Dow's
existing distributor network.
Conceived keeping the pharmaceutical customers in mind, this exclusive global
alliance will facilitate all phases of choosing and sourcing excipients, from
initial technology development through final commercialization and product deliveryall
through a single contact point. "Dow's current customers will benefit from
a consistent and more valuable supply chain," says Marty Kollmeyer, business
director for Dow's methocel polymers. "Further, since the global alliance
promotes the most efficient use of resources, we will be able to focus our efforts
on building on our polymer science capabilities to accelerate innovation and
speed-to-market - underscoring our commitment to provide the pharmaceutical
market with tailored solutions," he adds.
Bill Motzer, President and CEO, Colorcon, says "This alliance with Dow
furthers Colorcon's commitment to the global pharmaceutical industry. Our goal
is to be an extension of our customers' product development team, from formulation
design to scale-up. We will continue investing in our key platforms and global
infrastructure to meet our customers' changing needs."
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