ISP and Niro Form Market Alliance

February 21, 2005

International Specialty Products (ISP) and Niro A/S have formed an alliance to develop and market spray drying and formulation technologies...

International Specialty Products (ISP) and Niro A/S have formed an alliance to develop and market spray drying and formulation technologies to enhance the bioavailability of APIs. As part of the agreement, ISP has acquired Niro's Pharma Technologies business, which provides contract formulation, scale-up and manufacturing services.
Sunil Kumar, ISP president and CEO, commented: "This acquisition and the alliance with Niro add an exciting business and technology to our pharmaceutical portfolio for the benefit of our customers around the world. We are very impressed with the potential this technology brings to addressing a significant industry need and feel it is an excellent fit with our pharmaceutical excipients business."
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