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Colorcon Ventures is investing in a provider of intelligent manufacturing execution systems (MES), Apprentice.io.
The corporate venture fund of Colorcon, Colorcon Ventures, has announced, in a Jan. 20, 2022 press release, its investment in a provider of intelligent manufacturing execution systems (MES), Apprentice.io (Apprentice).
The end-to-end platform offered by Apprentice helps streamline pharma manufacturing and remote collaboration. A suite of software solutions is offered, including intelligent batch execution, augmented procedures and workflows, predictive resource management, and immersive training. Through artificial intelligence, machine learning, and augmented reality, the platform becomes more intuitive over time.
“Our customers are striving for faster times to market, improved manufacturing consistency, as well as business continuity through times of crisis,” said Ali Rajabi-Siahboomi, vice-president and chief innovation officer at Colorcon, in the press release. “During COVID, demand for Apprentice has accelerated with several leading pharmaceutical manufacturers, as design weaknesses in legacy manufacturing systems were exposed. Based on the positive outcomes seen by industry participants, we anticipate a broader global adoption of Apprentice’s solutions.”
“We are excited to have Colorcon Ventures join us as a strategic investor on our mission to modernize pharmaceutical manufacturing and realize Pharma 4.0, with the objective of getting medicine to patients faster and safer,” added Angelo Stracquatanio, Apprentice’s founder and CEO, in the press release. “Colorcon’s global footprint and pharma relationships will be invaluable as we begin to expand our geographic reach.”