Dishman Carbogen's Switzerland-based arm signs a co-investment agreement for over CHF 4 million

The equipment is expected to be ready for production by Q1 2023.

Aug 25, 2021 10:08 IST India Infoline News Service

Dishman Pharmaceuticals
Dishman Carbogen Amcis has announced that its Switzerland-based subsidiary, CARBOGEN AMCIS AG., a pharmaceutical process development and Active Pharmaceutical Ingredient (API) and drug products manufacturing company, has entered into a co-investment agreement with one of its key European customers for more than CHF 4 million.

The agreement provides for additional process capabilities and capacities to facilitate the manufacture of the customer’s commercial product and follows a previous investment of CHF 6 million made in 2017 by the same customer at the CARBOGEN AMCIS AG.’ Neuland location.

The latest investment at the CARBOGEN AMCIS AG. Neuland location includes the addition of a medium pressure chromatography column (200L), a preparative 20 cm HPLC system and short path distillation equipment.

“We have supported our client from the early stages of preclinical development all the way through to routine commercial manufacture. We are proud to be part of our customer’s successful journey towards product commercialization and this co-investment is the latest milestone in our long-standing partnership,” said Pascal Villemagne, VP sales and marketing, CARBOGEN AMCIS AG.

The collaboration between the two companies spans more than 10 years and started during the project’s pre-clinical development stage.

"We are committed to providing our customers with the best technologies and this investment will allow our client to benefit from state-of-the-art equipment that enables expanded manufacturing capacity to commercialization scale-up, and getting a much-needed drug to patients,” said Stephan Fritschi, VP operations, CARBOGEN AMCIS AG.

The equipment is expected to be ready for production by Q1 2023.

At around 10.43 AM, Dishman was trading at Rs180.85 per piece down 1.6% on Sensex. 

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity