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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 />

15

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