• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Pune, July 22 Bilcare Ltd and US-based MeadWestvaco Corp (MWV) have jointly acquired pharmaceutical packaging company International Labs of St. Petersburg, Florida. The acquisition will leverage capabilities for adherence-promoting pharmaceutical packaging and streamline the supply chain, a statement said.

“The combination of our turnkey capabilities has helped create new, efficient, consumer-oriented supply chains that are changing the economics of global healthcare and improving patient outcomes,” Mr Bruce Thomas, Senior Vice-resident, Global Market Strategy for MWV, said.

International Labs is using the MWV packaging solution Shellpak for generic and branded drug programmes. Shellpak is a pre-filled, medication package that can be immediately distributed to consumers, eliminating pharmacists’ need to count pills. The package integrates a foil-backed blister pack with a labelled, injection moulded plastic shell, and eliminates the need for unnecessary transport packaging. The solution’s expert design is proven to enhance patient outcomes by motivating and reminding patients to take medication as prescribed.

“As a resource for healthcare companies, Bilcare has visibility into the increasingly global healthcare market,” said Mr Mohan Bhandari, Chairman and Managing Director of Bilcare. “We are excited about the acquisition of International Labs; our partnership with MWV will allow us to combine our global experience, primary and secondary packaging expertise, and research and development capabilities to serve customers and consumers throughout the world,” he added.

More Stories on : Mergers & Acquisitions | Pharmaceuticals | Packaging

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
‘Dr Reddy’s Lab not open for sale’

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line