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Frost & Sullivan Ghanaian Pharmaceutical Industry Innovation & Advancement Award Conferred on LaGray Chemical Company
Date:2/3/2010

LONDON, Feb. 3 /PRNewswire/ -- The 2009 Frost & Sullivan Ghanaian Pharmaceutical Industry Innovation & Advancement Award is presented to LaGray Chemical Company, the first local Ghanaian company to manufacture Active Pharmaceutical Ingredients (APIs). Adhering to Good Manufacturing Practices, LaGray Chemical Company's manufacturing capacity includes 10 metric tonnes of API, 8 million laminated aluminum tubes of dermatological products, 300 million oral capsules and 150 million tablets per annum.

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LaGray Chemical Company was established in 2000 and commercial production commenced in 2007 with a strong focus on pharmaceuticals for the treatment of endemic diseases. The company's vertical strategy to fulfill the complete value chain of pharmaceutical production (manufacturing APIs for the production of the complete products) has proven its innovativeness to grow in the Ghanaian pharmaceutical industry and to successfully expand in the remaining parts of West Africa.  

"With a few Ghanaian pharmaceutical manufacturers struggling to retool in order to achieve the World Health Organization (WHO) pre-qualification, LaGray Chemical Company's position is advancing above its competitors because its facilities and systems have been designed toward that objective, right from inception," states Frost & Sullivan Research Analyst Lizelle Wentzel. "The company's current products are filed in 15 sub-Saharan African countries."  

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