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Alliance will work on the integrated manufacture of APIs and the development of value-added pharmaceuticals.
April 27, 2023
By: Anthony Vecchione
Dai Nippon Printing Co., Ltd. and CMIC HOLDINGS Co., Ltd. entered into a strategic alliance agreement that will focus on new needs in the extensive pharmaceutical value chain with the goal of creating new value in the medical and healthcare field. The alliance aims to make new value proposals by bringing together CMIC’s pharmaceutical support functions and services with the advanced medical packaging, pharmaceutical synthesis, and secure information processing technologies offered by the DNP Group. CMIC CMO Co., Ltd. has so far operated as a formulation development and manufacturing organization for the CMIC Group. As part of the new alliance, CMIC CMO will become a capital participation subsidiary of DNP. In conjunction with the CMIC Group, the alliance will work on the integrated manufacture of active pharmaceutical ingredients (API) and the development of value-added pharmaceuticals. As a result of the alliance, the resources of both partner companies will be combined to provide further enhanced support to pharmaceutical value chain. These include new value proposals related to the storage and distribution of pharmaceuticals, along with pre-symptomatic measures designed to reduce the risk of lifestyle-related diseases. The two companies will collaborate and create synergies in the following business fields.
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