Dissolve-in-the-month" products

Citation

(2005), "Dissolve-in-the-month" products", Nutrition & Food Science, Vol. 35 No. 1. https://doi.org/10.1108/nfs.2005.01735aab.001

"Dissolve-in-the-month" products

"Dissolve-in-the-month" products

BioProgress plc (LSE: AIM: BPRG), the provider of innovative delivery mechanisms for the pharmaceutical oral dosage markets, announced it has purchased two complete film casting lines to be used for the production of "dissolve-in-the-mouth" products.

The film casting lines have been acquired from Valence Technology BV following the closure of the Valence production facility in Newtonabbey, Northern Ireland. The acquisition will add significantly to the Company's existing production capacity for water soluble films.

When installed the new lines will increase the Company's revenue generating capacity of "in-the-mouth" dissolving films from US$10 million to around US$70 million per year.

Commenting on the purchase Graham Hind, Chief Executive of BioProgress, said:

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  This is an excellent purchase for BioProgress. The acquisition demonstrates the skill and quick-reactions of our operational and engineering team in identifying good opportunities to further our business.

  We have now secured additional film production capability to take full advantage of the current global shortage of soluble film casting production capacity. This shortage is due to extremely strong global demand for "dissolve-in-the mouth" products and the lack of both expertise and capacity to meet the demand. This purchase will increase our presence in the "dissolve-in-the-mouth" product market, provide us with the means to develop other target markets for this technology and will place BioProgress in a strong position going forward.

For further information: BioProgress plc, www.bioprogress.com