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PTSM: Pharmaceutical Technology Sourcing and Management
Sharp acquired the pharmaceutical packaging facility in Bethlehem, PA.
Sharp Packaging Services, a division of UDG Healthcare, acquired a pharmaceutical packaging facility in Bethlehem, Pennsylvania from Daiichi Sankyo Inc. for a total consideration of USD $14 million, the company announced April 3, 2017. The 146,000-ft2 pharmaceutical-grade packaging facility will offer additional packaging capacity under the management team and serialization leadership of Sharp’s nearby Allentown campus.
The company can now offer additional serialization options to valued customers in bottling, blistering, and C-II packaging, as well as extended redundancy and risk mitigation. The Bethlehem facility extends to more than 16 acres with further development potential to expand to 235,000 ft2 over time. The facility is FDA inspected and Drug Enforcement Administration approved; it includes two high-speed bottle lines, two blister lines, cold and frozen storage, office space, and a 2500-ft2 analytical laboratory. As part of the transaction, Daiichi Sankyo Inc. will also become a commercial client, with Sharp providing packaging, clinical, and analytical services for several of their US-branded products. In addition, Sharp will continue to offer employment to Daiichi Sankyo Inc.’s employees at the Bethlehem site.
Source: Sharp Packaging Services