We've updated our Privacy Policy to make it clearer how we use your personal data.

We use cookies to provide you with a better experience. You can read our Cookie Policy here.

Advertisement
ProPharma Integrated into Evotec Services Division
News

ProPharma Integrated into Evotec Services Division

ProPharma Integrated into Evotec Services Division
News

ProPharma Integrated into Evotec Services Division

Read time:
 

Want a FREE PDF version of This News Story?

Complete the form below and we will email you a PDF version of "ProPharma Integrated into Evotec Services Division"

First Name*
Last Name*
Email Address*
Country*
Company Type*
Job Function*
Would you like to receive further email communication from Technology Networks?

Technology Networks Ltd. needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, check out our Privacy Policy

Evotec AG has announced that ProPharma Limited will do business under the Evotec brand from the 1st of September 2005.

ProPharma will be integrated into the Evotec Services Division over the coming months.
 
Evotec has been the majority shareholder in ProPharma since it was formed as a spin-out enterprise from the University of Strathclyde in Glasgow, Scotland, in 2000.

Evotec invested start-up capital and have continued to provide investment since then to support the expansion of the business.

The strategic integration of ProPharma comes as a result of the growing synergy between the pharmaceutical development services offered by both Evotec and ProPharma.

This will combine Evotec's expertise in cGMP manufacture of active pharmaceutical ingredients with Pro- Pharma's expertise in pharmaceutical formulation development and the small-scale sterile manufacture of pharmaceuticals for use in clinical trials.

Evotec will therefore offer a comprehensive range of services to its pharmaceutical and biotechnology company clients in order to drive their candidate pharmaceuticals along the drug development pathway.
 
Dr Mark Ashton, Executive Vice President Business Development Services at Evotec, commented, "We are delighted that we have now integrated the ProPharma capabilities into the Evotec brand.”

“We continue to see an upturn in the market for pharmaceutical development and strongly believe that we can significantly help our clients bring new medicines to the marketplace quicker and more efficiently using our formulation and chemical development capabilities."
 
Colin MacKay, Head of Business Development at ProPharma, commented, "This change represents an exciting new chapter in the rapid and commercially successful growth of ProPharma, now as a fully integrated part of our parent company Evotec.”

“We look forward to building on our collective strengths within Evotec in order to deliver on our promises to customers and shareholders.”

“We remain committed to building long-term relationships quickly and thereby add value to those pharmaceutical assets."

Advertisement