The innovation in services and acquisition by big market players have spurred the growth in the HPAPI market. The report added by Big Market Research, titled, “Global High Performance Active Pharmaceutical Ingredients (HPAPI) Sales Market Report 2017”, highlights the same trends of the industry.
Recently, Lonza, a company based in Switzerland has announced that it would develop highly effective drugs. These drugs would represent a significant shift in the way experts use small molecules and then deliver new therapies for the patients. This inclination towards usage of extremely potent active pharmaceutical ingredients (HPAPIs) has brought challenges in the production process. They have caused decrease in the production of effective medicines owing to some side effects it brings with itself. The company has 15 years of experience and has developed multiple products, therefore, it has complete understanding of these challenges. The company has decided to offer five technologies which include advanced chemical synthesis, antibody drug conjugates, fermentation, peptides, and continuous flow.
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Jordan Petkov, a Ph.D. holder has joined as Global Head of Research and Technolgy in Lonza Consumer Care. He would work for its business in personal care and hygiene. Dr. Petkov is based in Blackley (UK) and would offer technical support in sectors of hygiene, hair & skin care, and preservation products. In addition, he would supervise the company’s expansion into sector of new personal care market and improve its offering in the areas of its expertise.
The BASF has made an agreement to acquire Gurpo Thermotek, which is a leading supplier of waterproofing systems based in Mexico on April 24, 2017. The deal is approved by appropriate authorities and is anticipated to close by mid of 2017. Both companies have agreed to hide their financial details of the contract. BASF aims to use the strengths of the present thermotek brands with this acquisition. Both the firms offer supplementary portfolios for production of chemicals solutions and have diverse networks to market.
The trends highlighted in the abovementioned paragraphs have always led to prosperity of any market let alone be global HPAPI industry. The continuing research development and other driving factors, such as favorable governmental policies would definitely encourage the growth of the industry.
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