WellSpring Completes $3M Capital Investment, Forms New Partnership

Apr 07, 2016

WellSpring Pharma Services has announced a $3 million capital investment in new equipment as well as a new strategic partnership with IDT Australia Ltd. to manufacture drugs targeting the U.S. market.

The capital investment enables new, directly scalable capabilities in smaller development-scale equipment; expanded manufacturing for specialized dosage forms such as bilayer tablets; and improved support for high-potency compound manufacturing.

“Our expanded capabilities include new expertise in process development and manufacturing for earlier phased clinical trials as well as future expansion of our large-scale manufacturing capabilities,” said David Mayers, president, WellSpring Pharma Services. “We’re now better equipped to offer our clients services from small-scale development and scale-up to large-scale manufacturing, packaging and distribution.”

Among the equipment added during the capitalization were an Alexanderwerk Roller Compactor; an IMA Precisa capsule weight checker; a 400 kg O’Hara Tray Drying oven; a Korsch XL 400 Tablet Press with bilayer module; a Glatt GPCG 2/5 Fluid Bed Processor; an O’Hara Aqueous Film Coater with 18” and 30” interchangeable pans; and a 5L Becomix Counter sweep vessel.

Motivated in part by WellSpring’s expanded capabilities, IDT Australia concluded a manufacturing and supply agreement to produce several products at the WellSpring facility near Toronto, including Pindolol, a cardiac drug with an estimated U.S. market value of $10 million.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments