IN THIS ISSUE - Drug Development & Delivery
IN THIS ISSUE - Drug Development & Delivery
IN THIS ISSUE - Drug Development & Delivery
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Hovione Reports Significant Sales<br />
Growth<br />
Hovione recently announced that the consolidated sales<br />
for the fiscal year ended March 2012 amounted to<br />
$180 million, the sixth consecutive year of sales growth,<br />
representing a growth of 24% in relation to last year.<br />
“Another year of continued strong performance by the<br />
Hovione group. During the last 5 years, Hovione has<br />
doubled its sales and has made bold strategic steps to both<br />
strengthen its ability to serve innovators and to consolidate<br />
its leadership in off-patent contrast agents. Looking forward,<br />
and despite the difficult economic environment, we remain<br />
confident that 2012 will be another year of solid growth,”<br />
said Miguel Calado, Chief Financial Officer.<br />
In addition to the financial results, which reflect the<br />
quality of the Team’s performance, overall, 2011 represented<br />
a year of great achievements, namely Hovione stood behind<br />
three NDA approvals (these were all major NMEs) and in<br />
two cases, the approvals were full QbD filings in which<br />
Hovione was central to the design and data generation.<br />
All Hovione plants underwent several successful GMP<br />
inspections by one or more of the major Medicines’<br />
Agencies - a reflection of the large flow of filings and the<br />
high standards of compliance.<br />
“Getting multiple NDA approvals every year is<br />
becoming a habit at Hovione, which reflects well both on<br />
our customers, on our team, and on the CMO model. Our<br />
patient investment in capacity, new technologies, and<br />
development methodologies is paying off.” said Guy Villax,<br />
Chief Executive Officer.<br />
Hovione is a global company with over 50 years’<br />
experience in Active Pharmaceutical Ingredient and<br />
Intermediate <strong>Drug</strong> Product development and compliant<br />
manufacture. With four FDA-inspected sites in the US,<br />
China, Ireland, and Portugal, the company focuses on the<br />
most demanding customers, in the most regulated markets.<br />
Hovione offers integrated API, particle design, and<br />
formulation development and manufacturing. In the<br />
inhalation area, Hovione is the only independent company<br />
offering such a broad range of services.<br />
<strong>Drug</strong> <strong>Development</strong> & <strong>Delivery</strong> July/August 2012 Vol 12 No 6<br />
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