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| [February 26, 2013] |
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Crystal Pharmatech and Particle Sciences Form a US-China Pharmaceutical CRO Partnership
PRINCETON, N.J. & SUZHOU, China --(Business Wire)--
Crystal Pharmatech, a technology-driven solid-state research contract
research organization (CRO) based in Suzhou, China, announced a
partnership with Particle Sciences, one of the world's leading contract
drug development companies focused on the formulation and support of
advanced drug delivery solutions. The partnership, one of many that
Crystal Pharmatech is forging with research driven organizations,
combines a level of expertise previously not available to CRO's that
will increase the success rate for the development of insoluble
pharmaceutical compounds. Both will now offer clients an optimal
solution for developing low solubility pharmaceutical compounds.
Over the past five years, approximately 65% of pharmaceutical compounds
under development have been sparingly soluble to practically insoluble
in water. This has led to the need for more innovative formulation and
solubilization techniques. As scientific complexity of drug development
increases, finding the appropriate CRO to bring about the optimal
development path for both drug substance (API) and drug product
(formulation) is of utmost importance. Crystal Pharmatech, a preferred
provider among innovator pharmaceutical companies, has extensive
experience selecting the appropriate solid phase of a wide range of
compounds. The company hs a proven track record among its customers to
provide fundamental material property evaluation, in addition to
screening, evaluating and selecting the optimal form for pharmaceutical
development. Particle Sciences brings over two decades of experience in
formulating active pharmaceutical ingredients (APIs) and multiple
delivery/formulation formats. In addition, the company is able to
identify common obstacles in drug product development and provide a
resource of delivery technologies to address these obstacles.
"Whether the best way to develop your product is a co-crystal or
nano-suspension depends on the material properties of your drug and the
delicate interplay between API and formulation development," explains
Alex Chen, CEO of Crystal Pharmatech. Robert Lee, Vice President,
Pharmaceutical Development at Particle Sciences adds, "Often times, a
client will work with a CRO to find a path forward for API development,
only to realize that the chosen path is unacceptable for formulation
development and, as a result, the project goes over the allocated time
and budget." Both Crystal Pharmatech and Particle Sciences vetted a
number of potential partners prior to aligning with each other and each
company will utilize the other's core expertise to seamlessly offer
clients the optimal program for their drug candidates.
Crystal Pharmatech, headquartered in Suzhou, China with an office in
Princeton, NJ, is a technology-driven CRO that offers materials research
service for active pharmaceutical ingredients and formulations used in
drug discovery. It provides its customers with data derived from
experiments and also partners with clients to ensure comprehensive
solutions for their research needs based on sound scientific
understanding. www.crystalpharmatech.com
Particle Sciences is an integrated provider of drug development
services. Through a full range of formulation, analytic and
manufacturing services, it provides pharmaceutical companies with a
complete and seamless development solution that minimizes the time and
risk between discovery and the clinic. www.particlesciences.com

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