Shares of Uflex
will be in focus today as its arm Flex Films has been granted United States Patent covering entire categories of Formable Films that include one or more BOPET layers used in Alu-Alu blister packaging.
The announcement was made after market hours yesterday.
The US patent was issued to Flex Films (USA) Inc on November 20, 2018 for a period of 20 years, lending a competitive advantage to the Films Business of the company over its opponents in cold formed pharmaceutical packaging industry. With the patent issuance, the company gets exclusive right of manufacturing & sale of this special BOPETfilm in US, Europe and India.
This patent has a uniqueness of forming characteristic of BOPET film in Z direction during packaging application. With this innovation in pharma packaging and particularly for Alu-Alu blister laminate structure, BOPET film has completely replaced the carcinogenic PVc.
Pramod Sirsamkar, President - Technical & New Product Development (Films), Uflex Ltd who along with the R&D team invented the film stated, "We are pleased to strengthen our intellectual property protection with the addition of this patent. Our R&D team had consistently worked to invent our now patented special polyester film that since its launch last year has changed the landscape of medical packaging reducing the dependency on BOPA and PVC films use in Alu-Alu laminate blister pack. This patent undoubtedly would be a game changer for our business and will prove to be an asset not only for us but also for the pharmaceutical industry."