 "Formulation & drug delivery technologies; Image courtesy: Particle Sciences")
Lubrizol Corporation, a Berkshire Hathaway company, has acquired Particle Sciences, a leading contract drug development and manufacturing organisation with a comprehensive suite of services for the formulation, analysis and production of complex drug delivery solutions. Headquartered in Bethlehem, Pennsylvania (USA), Particle Sciences is a global leader in complex formulations including drug eluting device product development as well as sterile and particulate drug products. This acquisition further expands Lubrizol LifeSciences’ pharmaceutical development capabilities, providing full service drug delivery solutions to the market across a variety of dosage forms.
"With the addition of Particle Sciences and the recent acquisition of Vesta, we are now able to offer customers a complete solution that is one of the most comprehensive in the industry. Additionally, the Particle Sciences acquisition allows us to leverage our core polymer chemistry into tailored solutions for novel implantable and dermal drug delivery systems for improved patient outcomes,” stated Deb Langer, vice president and general manager, Lubrizol LifeSciences.
Lubrizol LifeSciences has significantly expanded its capabilities through new products, facilities, acquisitions and alliances. The combination of Lubrizol's polymer expertise, Vesta's quality medical manufacturing and Particle Sciences' leadership in drug formulation development, allows LifeSciences to provide end-to-end solutions for success in the drug delivery market. With this unique combination, Lubrizol LifeSciences delivers comprehensive medical and pharmaceutical solutions, including to the growing combination product market.
“Particle Sciences and Lubrizol LifeSciences have worked together for several years providing various elements of an end-to-end solution from polymer supply through formulation and commercial manufacturing. With this transaction, Lubrizol LifeSciences acquires Particle Sciences' extensive formulation, analytic and production assets for drug eluting devices, particulate, sterile and other complex drug products established over the last 10 years,” said Mark Mitchnick, chief executive officer, Particle Sciences.
Particle Sciences will now be part of Lubrizol Advanced Materials but will retain its company name.
