ACG acquires significant stake in Mumbai-based IQGEN-X

ACG offers a wide range of capsules (both gelatin & HPMC)

ACG, a leading supplier of integrated pharmaceutical manufacturing solutions appear acquisition of a significant stake in Bombay-based showtime-up IQGEN-X. QIAGEN-Ten is a Contract Research Organization (CRO) delivering niche and complex drug development technologies for the pharmaceutical industry.

The move sees ACG expanding farther into the R&D side of drug development and supports a firm group-broad commitment to improving client experiences throughout the supply and value chains.

The ACG investment also comes at a critical juncture when the Indian authorities is at the cusp of announcing a new policy to criterion the R&D ecosystem by incentivizing innovation and science globally. The funds so infused by ACG will be utilized to set a cGMP facility and develop and file new Abbreviated New Drug Application (ANDAs).

"IQGENX's excellent track record in patents and ANDAs speaks for itself, and we expect forwards to benefitting from its niche technology, wide-based expertise and research specialization that has been recognized globally by WHO and the US FDA," said Karan Singh, managing director, ACG. "For ACG, this partnership will immediately help expand our group capabilities, and will accelerate our innovation strategy of bold, disciplined investment and world course execution to bulldoze sustainable long-term growth with drug companies in Republic of india and global markets."

Dr Mandar One thousand Kodgule, chairman and primary executive officer, IQGEN-Ten, commented, "We at IQGEN-X are delighted to have ACG as partner whose strong global footprints and splendid operational capabilities, bring great synergy to IQGEN-X's growth strategy. ACG'southward strategic investment augments our technical expertise, portfolio strategy and corporate vision to create a robust portfolio of limited competition complex products for regulated markets. Nosotros believe that this partnership volition open several other opportunities which will accelerate growth of both companies."

IQGENX was established in October 2022 with a vision of innovative enquiry and applied science to produce high quality, affordable, safety, and effective medicines. Its state-of-art R&D facility for niche and complex generic products, expertise in applied science transfer, regulatory, IP, and compliance enables it to cater to US, European, and other highly regulated markets. Led past healthcare experts and pharmaceutical scientists with over 150 years of combined experience, the visitor is on the path to growing from a contract research organization (CRO) to a fully integrated pharmaceutical company.

ACG has been providing innovative and integrated solutions to the global pharmaceutical and nutraceutical industries for virtually threescore years, in over 100 countries across vi continents. ACG products include capsules, movie and foil barriers, applied science equipment, and inspection systems. All comply fully with international regulatory requirements.

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Source: https://packagingsouthasia.com/type-of-article/industry-news/acg/

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