Partners In Health Announces $25 Million Pledge from Weiss Asset Management Foundation and Associated Donors to Support Institute of Global Health Equity Research in Rwanda

 BOSTON

Multi-year commitment will enable investments in medical research and training at University of Global Health Equity in Rwanda

Financial support provided along with two anonymous donors

(BUSINESS WIRE) -- Partners In Health announced today a $25 million pledge from the Weiss Asset Management Foundation and associated donors to the Institute of Global Health Equity Research (IGHER) at the University of Global Health Equity (UGHE), an initiative of Partners In Health. This pledge, to be funded over the next 25 years, will provide critical resources and training to facilitate and advance research addressing vital health needs in low-income countries.

IGHER seeks to bring together leading global health experts, medical researchers, and students to provide the human and physical infrastructure for previously under-resourced initiatives. These initiatives include conducting clinical trials, building biobanks and other repositories for medical research, promoting innovations in the digital provision of medical services, and providing the flexibility to adapt to other needs as they arise.

“We are very grateful to the Weiss Asset Management Foundation and its partners for their generous long-term commitment to the Institute,” said IGHER Director Dr. Cristina Stefan. “It will enable critical investments that will help establish IGHER as a hub for clinical trials, African healthcare research, and cutting-edge medical and genomic advancements for populations underserved by modern medicine.”

“IGHER at the University of Global Health Equity is an incredible initiative that will leverage the impactful care delivery work happening every day across PIH sites,” said Partners In Health Chief Executive Officer Dr. Sheila Davis. “We're grateful to the Weiss Asset Management Foundation for supporting IGHER in this particularly critical time, as we face increased global crises that call for more targeted and expansive research for low-income countries who have borne, and will continue to bear, the burden disproportionately.”

“Throughout my years of non-profit work in developing countries, I have seen firsthand the immediate positive impact of well-designed health interventions on the health of people in under-resourced settings. But over the long run the greatest impact will come from research that results in interventions which address the root causes of morbidity and mortality in low-income countries,” said Andrew Weiss, Director of the Weiss Asset Management Foundation. “Together with the Foundation’s funding partners, we are exploring collaborations between the Institute, Mass General Brigham, and other leading institutions. We believe that great synergies can be achieved by facilitating interactions between leading researchers in Boston and the Institute in Rwanda.”

The Weiss Asset Management Foundation is hosting a launch event to introduce IGHER to the international community on Thursday, October 27 at the Loeb House at Harvard (17 Quincy St., Cambridge, MA). The event will begin at 2 p.m. with Nobel Prize Laureate Esther Duflo giving the keynote address. Dr. Jim Yong Kim, who served as the former president of the World Bank, and other distinguished speakers will also be addressing the audience. The livestream of the event can also be viewed by accessing this link: https://www.youtube.com/watch?v=fIDUDrA9bck.

* * * * *

About Partners In Health

Founded in Haiti in 1987, Partners In Health is a nonprofit social justice organization working to bring the benefits of modern medical science to those most in need. Some 30 years later, it has a documented history of implementing effective health delivery models in partnership with governments and academic institutions around the world, providing high-quality care to millions of patients. Learn more at www.pih.org.

About Weiss Asset Management Foundation

The Weiss Asset Management Foundation operates as the charitable arm of Weiss Asset Management (WAM). Its mission – achieved through funding and grants to organizations across the world – is to alleviate suffering. The Weiss Asset Management Foundation has made substantial grants to fund groundbreaking research on expanding access to vaccines in rural communities in Africa. In response to the COVID crisis, it provided oxygen concentrators to rural communities in India, and made up for a funding shortfall for an NGO that was an effective provider of primary health care in rural Nepal. WAM recently made a substantial financial commitment to the Foundation as part of its goal to increase the Foundation's impact. For more information about the Weiss Asset Management Foundation, visit www.weissasset.com/#_philanthropy.

About the University of Global Health Equity

The University of Global Health Equity (UGHE) is a health sciences university in Rwanda. An initiative of Partners In Health, UGHE is a private, not-for-profit, accredited institution. It was founded in 2014, thanks to the visionary leadership of the late Dr. Paul Farmer and the generous support of the Cummings Foundation and the Bill & Melinda Gates Foundation. Learn more at www.ughe.org.

 

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Contacts

For Partners In Health / UGHE

Eric Hansen at media@pih.org

For Weiss Asset Management Foundation

Katrina Allen at Katrina.Allen@edelmansmithfield.com

SYNLAB and Microba reinforce their combined expertise and expand strategic agreement on advanced gut microbiome test myBIOME

 BRISBANE, Australia - Friday, 28. October 2022

Launched in Spain and Colombia in 2020, myBIOME is an innovative gut microbiome examination based on technology developed by Microba’s leading researchers in the field of microbiome analysis.

The combination of leading-edge comprehensive metagenomic sequencing and evidence- based reporting provides precise imaging of the gut microbiome.

myBIOME provides a comprehensive analysis of the composition of an individual’s gut microbiome and its functional potential to deliver personalized treatment or nutrition recommendations.

Consumers and healthcare professionals alike benefit from the comprehensive gut microbiome analysis that myBIOME provides to detect the cause of a broad range of health complaints.

SYNLAB and Microba are now extending the offering to wider distribution across Europe and Latin America.

 

(BUSINESS WIRE) -- SYNLAB, the leader in medical diagnostic services and specialty testing in Europe, and Microba Life Sciences (Microba), a global leader in the analysis of complex gut microbiomes, have expanded their strategic agreement to broaden geographic and market availability of the microbiome test myBIOME across Europe and Latin America.

Responding to the success on the Spanish and Colombian markets and the growing demand for personalised precision diagnostics, the test will be rolled out for further distribution via healthcare providers as well as direct-to-consumer channels.

“Imbalances in the gut microbiome composition, distribution and activity have a direct health impact and are associated with chronic illness including gastrointestinal, inflammatory, metabolic, neurological and cardiovascular conditions,” says Michael Morris, Head of Genetics at SYNLAB Switzerland. “myBIOME is the most complete and accurate metagenomic sequencing test available on the market today, allowing for a comprehensive, highly differentiated and actionable analysis of an individual’s gut microbiome.”

Through NGS (Next-Generation Sequencing), myBIOME analyses all the genetic material (DNA) in a stool sample, allowing a highly sensitive, high-resolution panel of the microorganisms that make it up.

Applying game-changing metagenomic technology developed by Microba, myBIOME detects all types of microorganisms (bacteria, archaea, fungi, protists), identifies the exact species and characterises new species. Based on the functional potential determined by analysing the microbial genes present, the test report delivers a personalised analysis and nutritional recommendations to improve patient health and quality of life.

“SYNLAB is committed to offering medical excellence around the globe and I am excited that now, more customers and patients will benefit from this reliable tool,” says Marta Llopis, myBIOME/ Microbiome Specialist at SYNLAB Group. “In many cases, myBIOME has pinpointed the origin of a variety of diffuse symptoms by linking them to a microbiome imbalance or for example an excessive presence of non-intestinal species. When found at high levels in the gut, these have been shown to cause disease.”

About SYNLAB

SYNLAB Group is the leader in medical diagnostic services and specialty testing in Europe. The Group offers a full range of innovative and reliable medical diagnostics to patients, practicing doctors, hospitals and clinics, governments and corporates. SYNLAB operates in 36 countries across four continents and holds leading positions in most markets, regularly reinforcing the strength of its network through a proven acquisition strategy. More than 30,000 employees, including over 2,000 medical experts, contribute to the Group’s success. SYNLAB performed around 600 million laboratory tests and achieved revenues of €3.76 billion in 2021.

More information on myBIOME can be found at www.mybiome.health

About Microba

Microba Life Sciences (ASX: MAP) is a precision microbiome company driven to improve human health. Through partnerships with leading organisations, Microba is powering the discovery of new relationships between the microbiome, health and disease for the development of new health solutions.

 

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SYNLAB

Diana Tabor, FTI Consulting media-contact@synlab.com

Microba

info@microba.com

SINOVAC to Showcase Products at CPHI Frankfurt

BEIJING - Friday, 28. October 2022

(BUSINESS WIRE)--Sinovac Biotech Ltd. (“SINOVAC” or the “Company”) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, announced that the Company will participate in CPHI Frankfurt, one of the world’s largest pharmaceutical exhibitions, from 1st to 3rd of November, in Frankfurt, Germany.

At Booth#41G20, the first floor of Hall 4, Messe Frankfurt, SINOVAC will greet all visitors of CPHI and present its comprehensive portfolio. The Company will showcase the only inactivated COVID-19 vaccine approved for children as young as 6-months old, CoronaVac®; the quadrivalent influenza vaccine, QIV; the world-leading enterovirus type 71 vaccine, Inlive®; the varicella vaccine which provides 100% protection against moderate and severe cases; and two WHO prequalified vaccines: the hepatitis A vaccine, Healive® and the Sabin-strain inactivated polio vaccine.

Helen Yang, Chief Business Officer of SINOVAC said, “SINOVAC is an old friend of CPHI, and we are happy to finally return to CPHI’s in-person event for the first time since the outbreak of the COVID-19 pandemic globally. As always, we highly value the platform’s business potential, and plan to showcase many of our best products, especially those approved by the WHO and distributed to many countries around the world. We are eager to introduce our recent cutting-edge technologies to our global partners and to develop more business opportunities.”

To meet SINOVAC on site, you are welcome to visit Booth#41G20, or contact Alice Chen via info@sinovac.com to schedule appointments.

About SINOVAC

Sinovac Biotech Ltd., (SINOVAC) is a China-based biopharmaceutical company that focuses on the R&D, manufacturing, and commercialization of vaccines that protect against human infectious diseases.

SINOVAC’s product portfolio includes vaccines against COVID-19, enterovirus 71 (EV71) infected Hand-Foot-Mouth disease (HFMD), hepatitis A, seasonal influenza, pneumococcal disease, H5N1 pandemic influenza (avian flu), H1N1 influenza (swine flu), varicella, mumps, poliomyelitis, etc.

The COVID-19 vaccine, CoronaVac®, has been approved for use in more than 60 countries and regions worldwide. The hepatitis A vaccine, Healive®, passed WHO prequalification requirements in 2017. The EV71 vaccine, Inlive®, is an innovative vaccine commercialized in China in 2016. In 2022, SINOVAC’s Sabin-strain inactivated polio vaccine (sIPV) was prequalified by the WHO.

SINOVAC was the first company to be granted approval for its H1N1 influenza vaccine Panflu.1®, which has supplied the Chinese government's vaccination campaign and stockpiling program. The Company is also the only supplier of the H5N1 pandemic influenza vaccine, Panflu®, to the Chinese government stockpiling program.

SINOVAC continually dedicates itself to new vaccine R&D, with more combination vaccine products in its pipeline, and constantly explores global market opportunities. SINOVAC plans to conduct more extensive and in-depth trade and cooperation with additional countries, and business and industry organizations.

For more information, please see the Company’s website at www.sinovac.com.

 

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Sinovac Biotech Ltd.
PR Team
pr@sinovac.com

Tessolve solidifies its Silicon Design solutions with the acquisition of P2fsemi, deepening its expertise in Physical Design

 BANGALORE, India - Friday, 28. October 2022 

(BUSINESS WIRE) -- Tessolve (www.tessolve.com), the semiconductor industry's leading engineering solution provider, has acquired Pico2Femto Semiconductor (P2fsemi), primarily focused on physical design solutions.

P2fsemi's acquisition significantly strengthens Tessolve's ASIC design offerings from RTL to GDSII signoff, with increased full-turnkey backend design expertise. Tessolve has pioneered several turnkey solutions, from design to testing packaged parts, over the last few years, evolving into the largest stand-alone semiconductor engineering solution provider.

P2fsemi enables customers to get first-pass silicon success with their 100+ Physical Design experts specialized in technology nodes down to 3nm. Its capabilities include hardening high-speed & complex IPs and complex low-power SOCs from top-level implementation to signoffs. P2fsemi will complement and deepen Tessolve's existing pre-silicon design solutions.

Balaji Prabhakar, CEO of P2fsemi, said, "Both the companies share a common vision, and the merger brings significant opportunities for all the stakeholders, customers, and employees. As part of Tessolve, we will be able to deliver world-class engineering solutions to our new and larger global customer base, add value to existing customers and create more high-skilled engineering talent in the region."

"P2fsemi team, with excellent Physical Design expertise in advanced process nodes, is a great addition to our strong engineering team delivering state-of-the-art Silicon Design solutions. As we march towards our vision of becoming the leading platform company for Silicon and Systems Design and Productization, we will continue to make key investments to be a value-add engineering partner to our customers. I welcome Balaji's team to the Tessolve family!" commented Srini Chinamilli, CEO of Tessolve.

Tessolve, with its recent growth and acquisitions, has quickly established itself as a vital partner for silicon design services. With people at the center of its core values, Tessolve continues to enable customer success while providing employees with opportunities to push technology boundaries.

About Tessolve

Tessolve (a Hero Electronix Venture) is the leading engineering service/solution provider with 3000+ employees worldwide and a full breadth of pre-and post-silicon expertise. Tessolve provides a one-stop-shop solution with full-fledged hardware and software capabilities, including its advanced silicon and system testing labs.

Tessolve offers complete Turnkey ASIC Solutions, from design to packaged parts. We are actively investing in the R&D center of excellence initiatives such as 5G, mmWave, high power PMICs, HSIO, HBM/3D/Chiplets, system-level tests, advanced verification methodologies, and others.

Tessolve also offers end-to-end product design services in the embedded domain from concept to manufacturing under an ODM model with application expertise in Avionics, Automotive, Data Centre/ Enterprise, Industrial/IoT, and Wireless segments. Visit www.tessolve.com for more information.

 

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Ponni Carlin

ponni.carlin@tessolve.com

408-204-8998

Takeda Delivers Strong FY2022 H1 Results and Raises Full-Year Forecast

 Strong Start to Fiscal Year with H1 Core Revenue Growth of +5.5% at Constant Exchange Rate (CER); Reported Revenue Growth +10.1%

Core Operating Profit Growth of +14.5% at CER; Core Operating Profit Margin of 31.7%

Reported Operating Profit Growth Affected by One-time Gain Booked in FY2021 Q1 from Sale of Diabetes Portfolio in Japan and FX Impact

Updating Peak Sales Outlook for ENTYVIO® to $7.5-9.0B

Net Debt / Adjusted EBITDA Improved to 2.6x; Well-balanced Maturity Profile with 98% of Debt at Fixed Rates at Average 2% Interest

Upgrading Full-Year Reported and Core Forecasts and Free Cash Flow Outlook, and Reconfirming Management Guidance

(BUSINESS WIRE) -- Takeda (TOKYO:4502/NYSE:TAK) today announced financial results for the first half of fiscal year 2022 (period ended September 30, 2022), upgrading reported and core forecasts and free cash flow outlook for the fiscal year and reconfirming Management Guidance for core growth at constant exchange rate (CER).

Takeda chief executive officer, Christophe Weber, commented:

“We succeeded in several major milestones in the first half of our fiscal year, including the first approval for Takeda’s dengue vaccine, QDENGA®, in Indonesia and more recently the CHMP positive opinion for Europe and dengue-endemic countries. These milestones, together with our financial results, continue to demonstrate our ability to advance our robust pipeline and deliver new solutions for people and patients around the world.”

Takeda chief financial officer, Costa Saroukos, commented:

“Our first half results are driven by strong momentum from our Growth and Launch Products, which grew at 19% year-on-year at constant exchange rate, and continued success in commercial execution, including new launches, contributing to core profit growth. Our core revenue and core operating profit grew 5.5% and 14.5% at constant exchange rate, respectively, enabling us to reconfirm our Management Guidance for FY2022.

“We have remained resilient amid rising inflation globally as a result of careful, long-term planning and strong execution and we continue to deleverage rapidly, finishing the first half with net debt to adjusted EBITDA at 2.6x, with 98% of our debt at fixed interest rates with a weighted average of 2%.

“We are upgrading our peak sales estimate for our biggest selling product, ENTYVIO®, based on potential for further biologic market growth and share expansion, and our updated assumption for biosimilar entry timing. We are also raising our reported and core forecasts and free cash flow outlook for the full year, primarily reflecting favorable foreign exchange rates.

“We look forward to building on our first half business momentum throughout FY2022.”

Takeda’s financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”).

This press release and materials distributed in connection with this press release include certain financial measures not presented in accordance with IFRS, such as Core Revenue, Core Operating Profit, Core Net Profit, Core EPS, Constant Exchange Rate (“CER”) change, Net Debt, EBITDA, Adjusted EBITDA and Free Cash Flow. Takeda’s management evaluates results and makes operating and investment decisions using both IFRS and non-IFRS measures included in this presentation. These non-IFRS measures exclude certain income, cost and cash flow items which are included in, or are calculated differently from, the most closely comparable measures presented in accordance with IFRS. By including these non-IFRS measures, management intends to provide investors with additional information to further analyze Takeda’s performance and core results, including when controlling for the effect of fluctuations in exchange rates. Takeda’s non-IFRS measures are not prepared in accordance with IFRS and such non-IFRS measures should be considered a supplement to, and not a substitute for, measures prepared in accordance with IFRS (which we sometimes refer to as “reported” measures). Investors are encouraged to review the definitions and reconciliations of non-IFRS financial measures to their most directly comparable IFRS measures, which are in the financial appendix at the end of Takeda's Q2 FY2022 investor presentation (available at takeda.com/investors/financial-results).

Medical information

This press release contains information about products that may not be available in all countries, or may be available under different trademarks, for different indications, in different dosages, or in different strengths. Nothing contained herein should be considered a solicitation, promotion or advertisement for any prescription drugs including the ones under development.

1Please refer to slide 19 of Takeda’s FY2022 Q2 investor presentation (available at takeda.com/investors/financial-results) for the definition of Growth & Launch Products.

Cepton, Inc. Announces Agreement for $100 Million Investment from Koito Manufacturing

 SAN JOSE, Calif. - Friday, 28. October 2022

(BUSINESS WIRE) -- Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today that it has entered into a binding investment agreement dated October 27, 2022 (“Investment Agreement”) for a $100 million investment from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. (“Koito”) (TSE: 7276). As previously reported, the investment will be used to fund Cepton’s next stage of growth as it scales its lidar solutions for mass deployment.

Under the terms of the Investment Agreement, which has been unanimously approved by Cepton’s board of directors, Koito will purchase $100 million of convertible preferred stock (the “Preferred Stock”), with a purchase price of $1,000 per share. The Preferred Stock will be convertible, beginning on the first anniversary of the issue date, into shares of Cepton’s common stock at an approximate initial conversion price of $2.585 per share, representing a 10.0% premium to Cepton’s volume-weighted average price over the trailing 20 trading day period ending on October 26, 2022. The initial conversion price also represents a 13.4% premium to Cepton’s closing price on October 26, 2022 and a 7.0% premium to Cepton’s average closing price over the past five trading days. At Cepton’s election, the Preferred Stock carries a 4.250% per annum dividend if paid in kind or a 3.250% per annum dividend if paid in cash, in each case paid quarterly in arrears.

Dating back to 2017, Cepton and Koito have a strong history of collaboration, and this marks Koito’s third investment in Cepton since 2020. As a direct result of their partnership, Cepton and Koito were awarded the industry’s largest known ADAS lidar series production award.

“We are excited to further strengthen our partnership with Koito and remain deeply grateful for Koito’s continued support. This investment solidifies Cepton’s financial position, and allows us to continue our execution excellence as we focus on commercialization and mass market deployment of our lidar sensors,” said Dr. Jun Pei, Cepton’s Co-Founder and CEO.

“We are pleased to announce our third investment in Cepton as we work towards developing and commercializing next-generation automotive sensor technologies. Our partnership has developed over the years and Cepton remains a critical partner for us. This investment serves as a testament to our commitment towards Cepton and bringing lidar-based ADAS and AV systems to everyday vehicles,” said Mr. Michiaki Kato, Koito’s President.

Consummation of the investment is subject to, among other things, the approval of Cepton’s shareholders and satisfaction of applicable closing conditions. The investment is expected to close in the first quarter of 2023. More information regarding the investment and key terms of the Preferred Stock will be included in a Form 8-K to be filed by Cepton with the Securities and Exchange Commission.

Advisors

ICR Capital LLC is serving as exclusive financial advisor to Cepton and O’Melveny & Myers LLP is serving as legal counsel to Cepton. SMBC Nikko is serving as exclusive financial advisor to Koito and Davis Polk & Wardwell LLP and Nishimura & Asahi are serving as legal counsel to Koito.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “objective,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “milestone,” “designed to,” “proposed” or other similar expressions that predict or imply future events, trends, terms and/or conditions or that are not statements of historical matters. Cepton cautions readers of this press release that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond Cepton’s control, that could cause the actual results to differ materially from the expected results. These forward-looking statements include, but are not limited to, statements regarding the proposed transaction contemplated by the Investment Agreement, the terms of the Preferred Stock, including with respect to potential conversion or repurchase thereof, and the related rights and protections granted to Koito in connection therewith, the potential benefits of entering into and consummating the proposed transaction contemplated by the Investment Agreement, including with respect to Cepton’s financial position and ability to execute on commercialization and mass market deployment goals, the ability of Cepton to obtain necessary approvals, including the approval of Cepton’s shareholders for the Preferred Stock transaction, satisfying the applicable closing conditions for such proposed transaction contemplated by the Investment Agreement, and the timing thereof. These forward-looking statements should not be relied upon as representing Cepton’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Cepton undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

About Cepton

Cepton is a Silicon Valley innovator of lidar-based solutions for automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications. With its patented lidar technology, Cepton aims to take lidar mainstream and achieve a balanced approach to performance, cost and reliability, while enabling scalable and intelligent 3D perception solutions across industries.

Cepton has been awarded a significant ADAS lidar series production award with Koito on the General Motors business. Cepton is also engaged with all Top 10 global OEMs.

Founded in 2016 and led by industry veterans with decades of collective experience across a wide range of advanced lidar and imaging technologies, Cepton is focused on the mass market commercialization of high performance, high quality lidar solutions. Cepton is headquartered in San Jose, CA and has a center of excellence facility in Troy, MI to provide local support to automotive customers in the Metro Detroit area. Cepton also has a presence in Germany, Canada, Japan, India and China to serve a fast-growing global customer base. For more information, visit www.cepton.com and follow Cepton on Twitter and LinkedIn.

About Koito

Under the corporate message, “Lighting for Your Safety”, Koito Manufacturing Co., Ltd. (Koito) has been marking a history of leadership in automotive lighting since its establishment in 1915. Today, the Koito Group consists of 31 companies located in 13 countries worldwide and provides products and services to customers all over the world, through the global network led by five major regions (Japan, Americas, Europe, China, and Asia). Its products, recognized for its high quality and advanced technology, are widely used by automotive makers worldwide. The company is responding to the future transformation of mobility through the development of next-generation lighting technologies and related equipment, control systems, and environmentally friendly products, materials, and production methods. For more information, please visit www.koito.co.jp/english.

 

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Contacts

Cepton, Inc. Contacts

Investors: InvestorRelations@cepton.com

Media: Faithy Li, media@cepton.com

Koito Manufacturing Contacts

Public Relations Department, kouhou@koito.co.jp

 

Medisca to Open New Plattsburgh, NY Facility Exceeding Rigorous Quality and Employee Safety Standards

 PLATTSBURGH, N.Y. - Thursday, 27. October 2022




(BUSINESS WIRE)--Medisca, a global company offering pharmaceutical compounding products and services, mixing technology, manufacturing, education services and more, announces plans to lease a standalone 60,000 square foot building to consolidate repackaging and distribution operations in Plattsburgh, NY under one roof.

The new facility will feature state-of-the-art technology and processes designed to meet rigorous quality standards, while serving the ever-increasing capacity needs of customers as personalized medicine continues to accelerate in response to patient needs.

New Facility Leased to Streamline Operations with a Focus on Employee Wellness

The planned facility is the result of several years of preparation and refinement and will include a significant investment. Five different sites will be consolidated into the new, modern location that will generate a positive impact on operational flow and employee well-being.

“We are building this new facility to address both current and future needs as Medisca continues to grow and strategically expand our business around the globe,” said Antonio Dos Santos, Medisca Founder and President. “By consolidating our existing space into one single site, we will more than double our capacity to serve our customers. The new facility will offer best-in-class automated workflows and layouts for maximum efficiency and employee wellness, which is at the core of our corporate values. We expect our new facility to be an attractive place to work and we are happy to remain a key employer of choice in the Plattsburgh region.”

The new site is expected to employ 100 people by the time it opens in July 2023. Carefully designed with a logical layout and equipped with machinery to facilitate efforts, the new facility will ensure employee safety and optimize output while adhering to the most stringent global standards for quality, including FDA cGMP.

“We are thrilled to be a part of the continued investment by Medisca in the greater Plattsburgh community,” said industrial developer TDC NNY President and CEO David Champagne. “They will be an excellent addition to Banker Road Industrial Park.”

Medisca also operates out of a repackaging and distribution facility in Dallas, Texas that is also in the midst of renovation and optimization as part of a strategic plan to better service customers.

About Medisca
Medisca is a global corporation with locations throughout North America, Australia, and Europe, that contributes to healthcare by leveraging strong partnerships that deliver customized solutions with an unwavering commitment to quality and innovation. Backed by 30+ years and a strong foundation in pharmaceutical compounding, Medisca is a business-to-business company that delivers comprehensive offerings by providing value, consistency, responsiveness, and loyalty. From pharmaceutical compounding products and services, to supply chain solutions, mixing technology manufacturing, analytical testing, IP licensing, to education services and more – Medisca delivers extensive solutions that leverages a strong network of partners committed to deeply caring about people. As Partners in Wellness, Medisca offers an unfailing devotion to improving lives, across a multitude of needs and across a multitude of people. For more information visit www.medisca.com and follow us on LinkedIn, Facebook, Twitter, and YouTube.


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Contacts
Gayle Padvaiskas
Vice President, Global Marketing
Medisca
gpadvaiskas@medisca.com
1-800-665-6334