March 8, 2017, Lexington, KY: Piramal Pharma Solutions (PPS), a leading Contract Development and Manufacturing Organization (CDMO), held a special event to introduce the new and expanded manufacturing capabilities at its facilities in Lexington, Kentucky. The inaugural event was attended by Gov. Matt Bevin, Piramal Chairman, Ajay Piramal, and Piramal Pharma Solutions CEO, Vivek Sharma.
Piramal Pharma Solutions utilizes isolator technology in Lexington to develop, formulate, and produce, sterile pharmaceutical products. The $25 million investment, which increases Piramal’s capacity and capabilities in steriles, is being rolled out in phases. Phase-I, which is now complete, includes the installation of a new high-speed vial filling line, expansion of the state-of-the-art laboratories, and associated utility support. The new filling line will double the capacity at Lexington, while enhancing efficiency and productivity. A large portion of the new capacity has already been committed to current clients to support their commercial product launches. The next phase of expansion, which includes expanding lyophilization capability will begin immediately, and is expected to be operational by the end of 2018.
“Private-sector expansions like these result in high-paying, skilled roles that contribute immensely to society by providing products and services that impact the quality of lives of Americans. These expansions also showcase Kentucky’s expertise in high technology manufacturing on a national and global level,” Gov. Bevin said. “On behalf of all Kentuckians, I congratulate Piramal for this investment that further strengthens Kentucky’s pharmaceutical industry. We are excited to become an increasingly important part of Piramal's global footprint and look forward to further expansions in our partnership in the years to come.”
“With the completion of this first phase of expansion at Lexington, Piramal Pharma Solutions expects to support our customer product launches that address a broad range of adverse human conditions ranging from cancers to pre-term labor to rare childhood diseases. It is our privilege to partner with customers as they seek to improve the quality of life of patients and we thank them for their continued trust and faith in us,” said Vivek Sharma, CEO, Piramal Pharma Solutions. He added, “We continue to focus on customer delight and execute on our strategy of becoming the ‘partner of choice’ for our customers, who lever Piramal’s unique broad-based capabilities for both integrated offerings and standalone drug substance or drug product offerings. Our world class talent at Lexington will be a key driver in ensuring that we sustainably delight our global customer base.”“At Piramal, we believe that geographical proximity is a key factor in ensuring customer delight. In keeping with this philosophy, we have now invested over $1.3B in North America and Europe”, said Ajay Piramal, Chairman of the Piramal Group. “Healthcare as a sector reverberates with our core values of “Knowledge-Action-Care” and will continue to be an important area of focus for the group as we steadfastly pursue inclusive growth and generate value for all stakeholders globally.”