Pharmaceutical CMO News

Recent industry report about Pharmaceutical CMO company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Pharmaceutical CMO Market industry experts.

Pharmaceutical CMO News

  • January 2023: Catalent announced that it had signed a development and license agreement with EthicannPharmaceuticals Inc., a Canadian/American specialty pharmaceutical company specializing in creating high-value cannabinoid drug therapies using Zydisorally disintegrating tablet (ODT) technology to advance Ethicann'sclinical drug pipeline. Per the agreement, Catalent would use its Zydistechnology to create pharmaceutical products containing cannabidiol (CBD) and tetrahydrocannabinol (THC) for Ethicann'suse in clinical trials for various conditions.
  • October 2022: Recipharm invested in a new high-speed filling line for pre-filled syringes and cartridges at its site in Wasserburg, Germany, to address the rising client demand for high-growth file formats, international contract development, and manufacturing organization (CDMO). This investment was expected to further strengthen Recipharm'sentire manufacturing offering for injectable pharmaceuticals that need sterile filling as part of a recent program of investments and expansions across the more significant business.
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  • August 2023 - The Australian Start-up company, the Boxed Beverage Company, came into collaboration with the key packaging company Tetra-Pack to launch sustainably packaged alkaline water, Waterbox.
  • January 2023 - CEVA Logistics announced the selection of the new flexible cloud-based contract packaging software introduced by Nulogy for co-packing automotive spare parts at its Melbourne facility in Australia.
  • January 2023: Catalent announced that it had signed a development and license agreement with EthicannPharmaceuticals Inc., a Canadian/American specialty pharmaceutical company specializing in creating high-value cannabinoid drug therapies using Zydisorally disintegrating tablet (ODT) technology to advance Ethicann'sclinical drug pipeline. Per the agreement, Catalent would use its Zydistechnology to create pharmaceutical products containing cannabidiol (CBD) and tetrahydrocannabinol (THC) for Ethicann'suse in clinical trials for various conditions.
  • October 2022: Recipharm invested in a new high-speed filling line for pre-filled syringes and cartridges at its site in Wasserburg, Germany, to address the rising client demand for high-growth file formats, international contract development, and manufacturing organization (CDMO). This investment was expected to further strengthen Recipharm'sentire manufacturing offering for injectable pharmaceuticals that need sterile filling as part of a recent program of investments and expansions across the more significant business.
  • January 2023:Budelpack made a EUR 300,000 (USD 322,002) investment in packaging equipment and facilities: Four of the 20 currently operating packaging lines have been combined and further automated within the building. Because of these investments, operators and packing staff can be deployed more effectively, and automation of the final packaging process requires fewer labor hours.
  • June 2022: Wincanton, a United Kingdom business supply chain partner, announced a multimillion-pound investment in autonomous mobile robot (AMR) technology to enhance its eCommerce capabilities. The group was focused on putting resources into the most recent, cutting-edge robotization and mechanical technology advances to help and administration clients' requests in the Web-based business market. Wincanton could better manage the fluctuating product volumes associated with high-volume eFulfillment work owing to this new fleet of 48 collaborative robots, which gave the company greater flexibility in its operations for its customers.
  • September 2023 - Glenroy Inc. acquired the Windmoller & Holscher 10-color MIRAFLEX II printing press. This significant step, marked by features such as print quality, enhanced productivity, quick job changeovers, waste minimization, and automation, aligns seamlessly with the opportunities presented by the rising demand for stick packaging solutions. The advanced printing capabilities also open doors for effective communication for environmental sustainability, catering to eco-conscious consumers and fostering collaborations with health and wellness brands, solidifying Glenroy’s leadership in the dynamic and evolving flexible packaging market.
  • August 2023 - Amcor has launched its curbside-recyclable performance paper packaging in North America as part of AmFiber’s portfolio. AmFiber performance paper packaging is prequalified by how2Recycle and meets the curbside recyclability standards for packaging. This allows brands to offer consumers more sustainable end-of-life outcomes for packaging.
  • November 2023 - ProAmpac launched its ProActive PCR retort pouches, a sustainable alternative to conventional retort options. ProActive PCR Retort pouches are designed to reduce virgin plastics usage and contain up to 30% post-consumer recycled (PCR) material by mass. ProActive PCR Retort pouches are specifically designed for products such as shelf-stable ready-to-eat proteins, which demand ultra-high barrier and high-heat resistance.
  • February 2023 - PPC Flexible Packaging acquired Israel-based StePac, MAPfresh Holdings (StePac). By combining PPT’s existing portfolio, this acquisition is expected to bring mutual customers a much more diverse selection of options, ultimately delivering industry-leading sustainable solutions. PPC Flexible’s growth strategy through acquisition is a multifaceted approach aimed at expanding market presence, diversifying product offerings, optimizing operations, and staying ahead in a competitive industry. Each acquisition plays a strategic role in reinforcing the company’s position and contributing to its overall growth. In
  • March 2023: Constantia announced that it had acquired the Clean organization Drukpol Flexo. Drukpol Flexo is a well-established player in the Clean, flexible packaging market. This acquisition further enhanced the Gathering's flexo printing capabilities following the acquisitions of Propak and FFP. In addition, it expands the Group's local customer base and increases its cost-competitiveness.
  • March 2023: Toppan established a new facility in Most, Czech Republic. Toppan intends to begin mass production at its first European transparent barrier film manufacturing location by the end of 2024. With the opening of the new factory, Toppan will develop a market-leading and global supply capacity for transparent barrier films, with manufacturing bases in Japan, North America (Georgia, the United States), and Europe.
  • April 2023: Gualapack Spa announced the acquisition of Print & Packaging Farma, which will help the company grow its portfolio of products and services for pharmaceutical and nutraceutical clients.
  • July 2023 - Crown Holdings Inc., as part of its commitment to advancing responsible supply chains, adopted a sustainability program called the Twentyby30 and announced extending its Aluminium Stewardship Initiative (ASI) certifications across the Asia-Pacific region. The ASI standard focuses on environmental, social, and governance (ESG) principles in the aluminum value chain.
  • August 2023 - The Australian Start-up company, the Boxed Beverage Company, came into collaboration with the key packaging company Tetra-Pack to launch sustainably packaged alkaline water, Waterbox.
  • January 2023 - CEVA Logistics announced the selection of the new flexible cloud-based contract packaging software introduced by Nulogy for co-packing automotive spare parts at its Melbourne facility in Australia.
  • September 2023 - Ardagh Glass Packaging revealed its plan to build a highly sustainable furnace at its Obernkirchen facility to minimize greenhouse gas emissions. The NextGen furnace is expected to commence production of commercial glass containers by the end of 2023 with the capacity to produce up to 350 tonnes (t) of glass bottles per day.
  • May 2023 - Ardagh Glass GmbH, part of Ardagh Glass Packaging (AGP), began building a groundbreaking hybrid furnace to facilitate a switch to renewable electricity at its glass production facility in Germany. The technology in the appropriately named 'NextGen' furnace significantly reduces CO2 emissions by as much as 60% in the furnace. The company considers this an essential step in gaining the emissions target of the company's 2030 Sustainability Strategy.
  • September 2023 - Berry Global Group Inc. announced a five-year power purchase agreement (PPA) with multinational renewable energy leader ACCIONA Energía to power all four of its facilities in Mexico with wind and solar power. Procuring nearly 100,000 megawatt hours (MWh) of cost-effective, renewable energy annually, this agreement is projected to avoid around 40,000 metric tons of carbon dioxide equivalent, or CO2, annually. This not only helps Berry meet its climate goals, but it also helps Berry's customers advance their ambitious sustainability goals by providing lower-carbon solutions.
  • May 2023 - Hoffmann Neopac launched Polyfoil EcoPro mono-material double barrier tubes for the personal care and cosmetics industry. This high-performance packaging solution is fully recyclable in the high-density polyethylene (HDPE) stream and has received product approval from the EU's discerning RecyClass sustainability verification organization and a Suez Grade A rating. The new Polyfoil EcoPro tube comes in diameters ranging from 30-50 mm and 50-200 ml capacities. It has a body wall thickness of 0.35 mm, representing a 30% reduction from the company's standard Polyfoil tubes.

Pharmaceutical CMO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)