PIOMBINO DESE, Italy--(BUSINESS WIRE)--Stevanato Group S.p.A. (NYSE: STVN), a leading global provider of drug containment and delivery solutions to the pharmaceutical, biotechnology, and life sciences industries, announced its latest collaboration with Transcoject GmbH, a medical device and pharma packaging solutions company. The collaboration will enable Stevanato Group to add cyclic olefin polymer (COP) and cyclic olefin copolymer (COC) PFS to its existing portfolio of solutions providing added value in the customers’ supply chain.
By integrating Transcoject's technological know-how with Stevanato Group’s capabilities and expertise – in drug containment solutions, manufacturing and market trends - Stevanato Group will be able to offer pre-fillable syringes in glass and in both COP and COC polymers.
COP and COC pre-fillable syringes may be usable in a wide range of applications, including sensitive biologics, mRNA vaccines, and hyaluronic acid-based drugs. The products’ versatility and customizability can make them ideal for meeting many compliance requirements, and they can be seamlessly integrated into existing fill and finish lines.
“The addition of COP and COC pre-fillable syringes will uniquely position Stevanato Group to be able to offer both COC, COP and glass options in the market, empowering customers to select the best-suited solution to fit their needs from multiple options”, said Mauro Stocchi, Chief Business Officer at Stevanato Group. “This is a testament to Stevanato Group’s focus on meeting market needs through an integrated and comprehensive portfolio of drug delivery solutions”.
The technology is intended to enable a broad range of format options from 0.5ml to 200ml, making it adaptable to customers’ specific requirements. Stevanato Group expects the technology to be ready in 2025 with a first validated product for Luer Lock PFS. In the interim, Transcoject will support customers by providing sampling and the companies also intend to utilize their current capacity to meet demand. A staked-needle PFS version is expected to be launched in the following years.
“With this cooperation we combine the strengths of the two companies by bringing together complementary fields of technologies. We thereby intend to strengthen agility and flexibility in terms of customers benefit. In addition, we expect this collaboration to foster innovation and increase value for our customers. I believe this partnership will strengthen our ability to offer our customers outstanding pharma packaging solutions”, emphasized Dr. Christian von Falkenhausen, CEO of Transcoject GmbH.
The technology will embrace Stevanato Group’s commitment to conducting business under the principles of sustainability by embedding sustainability practices, minimizing the consumption of natural resources, and optimizing the efficiency of the manufacturing process.
Stevanato Group will unveil the new COP and COC syringe solutions as Nexa Flex at the Pharmapack Europe conference in Paris, France, on February 1-2, 2023, at booth no. F46.
Forward-Looking Statements
This press release may include forward-looking statements. The words “expects”, “planned”, “intended”, “believe”, “will”, “can” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the Companies’ intentions, beliefs or current expectations concerning the collaboration. The forward-looking statements in this press release are based on numerous assumptions regarding the Companies’ present and future business strategies and the environment in which each Company will operate in the future. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Companies to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Companies' ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Companies' ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, none of the companies assumes no obligation to update any such forward-looking statements.
About Stevanato Group
Founded in 1949, Stevanato Group is a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. The Group delivers an integrated, end-to-end portfolio of products, processes and services that address customer needs across the entire drug life cycle at each of the development, clinical and commercial stages. Stevanato Group’s core capabilities in scientific research and development, its commitment to technical innovation and its engineering excellence are central to its ability to offer value added solutions to clients. To learn more, visit: www.stevanatogroup.com.
About Transcoject
Transcoject was founded in 1969 as one of the first manufacturers of disposable polymer syringes, and soon expanded its portfolio to aseptic filling, contract EO sterilization, and special devices. Since 1995, Transcoject has been developing and manufacturing customized solutions of prefillable syringes in COP and COC. The outstanding quality and the widest PFS portfolio from 0.3 ml to 250 ml as well as its flexibility and innovative strength mark the strong customer and value orientation of the company. See also: www.transcoject.com
