We would like to thank the industry for their recognition of our work with Redwood for the development and marketing of the SMARTag platform, resulting in this prestigious award.
Somerset, N.J. and Paris, France (PRWEB) October 08, 2014
Catalent Pharma Solutions, the leading global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, today announced that it has won the inaugural ‘Innovation in Partnering’ Award at the annual CPhI Pharma Awards, for its work with Redwood Bioscience Inc. on the novel, site-specific SMARTag™ Antibody Drug Conjugate (ADC) technology.
The SMARTag platform enables the generation of homogenous bioconjugates, engineered to improve performance and ease of manufacturing. In earlier news, on October 3rd, Catalent announced that it had acquired the remaining stake in Redwood Bioscience, having previously held a minority share in the company.
The Catalent/Redwood partnership was one of three finalists selected by a panel of pharma industry experts, with the ultimate winner chosen by a public vote via the CPhI website. The award was presented at a ceremony on October 7th, at the world’s largest pharmaceutical event, CPhI Worldwide, which is currently taking place at Paris Nord Villepinte, France.
“We would like to thank the industry for their recognition of our work with Redwood for the development and marketing of the SMARTag platform, resulting in this prestigious award,” commented Barry Littlejohns, Catalent’s President of Advanced Delivery Technologies. “Prior to our acquisition of Redwood, we partnered closely with their team to demonstrate in vivo and in vitro proof of concept milestones for SMARTag, resulting in widespread industry interest.”
Redwood President, CSO and Founder, David Rabuka, who has now assumed the role of Head of R&D, Chemical Biology, with Catalent, added, “It is an honor to be acknowledged with this award by our industry peers. Combined with our recent acquisition by Catalent, this marks the start of the next exciting phase in the development of the SMARTag platform.”
Catalent Pharma Solutions, is the leading global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products. With over 80 years serving the industry, Catalent has proven expertise in bringing more customer products to market faster, enhancing product performance and ensuring reliable clinical and commercial product supply. Catalent employs approximately 8,000 people, including over 1,000 scientists, at nearly 30 facilities across 5 continents and in fiscal 2014 generated more than $1.8 billion in annual revenue. Catalent is headquartered in Somerset, N.J. For more information, visit http://www.catalent.com
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