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Hovione Opens its New API Plant in Cork
Date:4/22/2009

behind Lipitor(R), the most successful medicine ever. It is with this heritage that it joins the Hovione group and embraces the opportunities that come with a new business model. We will be transferring to the Cork site a number of compounds over the next 18 months - some were recently approved, others are growing fast and customers are looking for second sources, and finally Hovione's rich pipe-line of Phase III compounds need to have registration batches done at their commercial site of manufacture" - said Lorcan MacGarry, Hovione Cork's General Manager.

Over the last two years Hovione acquired two new, virtually empty, plants -Cork in Ireland, and Taizhou in China-. The latter is dedicated to serving generics with a high volume low cost strategy value proposition; the former is the ideal plant for a new product introduction for an Innovator that does not possess in-house API production. In this period Hovione has doubled manufacturing capacity to more than 1000m3 and now employs over 900 staff. Over the last 3 years Hovione sales have grown at 14% average per annum.

"The combination of the Cork Site's team and capabilities, with the custom synthesis business model is an unbeatable value proposition. This allows the pharma innovator company to have the best of both worlds - access to excellent facilities with best service and high levels of compliance without fixed costs and with capacity available on demand - and all this at the right address" said Guy Villax, Chief Executive.

About Hovione. Hovione is an international company with 50 years' experience in Active Pharmaceutical Ingredient development and compliant manufacture. With four FDA inspected sites in the US, China, Ireland and Portugal the company focuses on the most demanding customers, in the most regulated markets. The company also offers integrated API, particle design and formulation development and manufacturing. In the inhalation area
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