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

tfolio includes Azithromycin (production commenced in August 2008) dermatologicals and anti-infectives. Furthermore, the company has anti-retrovirals, anti-malarials and antihypertensives in the pipeline for 2010.

"LaGray Chemical Company strives to become an affordable pharmaceutical manufacturer that would not only supply drugs but also diagnostics and vaccines in future," remarks Wentzel.  "It strengthened its position strategically by entering a technology transfer agreement with an Indian company in 2007; this agreement allowed the company to access synthetic intermediates used during the production of APIs."

Apart from the key disease burdens in Ghana and the remaining countries of the sub-region, West Africa has various priority endemic diseases (PED) that are currently not optimally addressed due to the lack of treatment products in most instances. With the PEDs a focus for the Ghanaian government, LaGray Chemical Company is using this demand as a key opportunity for growth and expansion.  

"LaGray Chemical Company is still in its early growth phase but is considered to be the most innovative local manufacturing company participating in Ghana's pharmaceutical industry," concludes Wentzel. "With the company only starting its endeavour, it is expected that it will continue to increase its market presence through the continuous production of quality pharmaceutical products that effectively address the needs of the market."

The Frost & Sullivan Award for Industry Innovation & Advancement is bestowed upon the company that has proven to be a leader in the industry and that, through its pioneering technology, sound business strategy, and research efforts, has been successful in moving the state of the industry forward.  Its excellence in the field has extended beyo
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