![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bioprogress | LSE:BPRG | London | Ordinary Share | GB0032681628 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7777O BioProgress PLC 19 August 2003 Press Release 19 August 2003 BioProgress plc Delivery of XGEL(R) TABWRAP(R) machines BioProgress plc, a provider of innovative delivery mechanisms for the pharmaceutical oral dosage markets, announces the delivery to customers of the first two machines, of its new innovative XGEL(R) TABWRAP(R) technology. The first machine has been delivered to one of the major global pharmaceutical companies in the USA with which the Company has had a long standing relationship, and the second machine has been delivered to Peter Black Healthcare in the UK. Peter Black is one of Europe's leading contract pharmaceutical and supplement manufacturers. These first machines are small-scale pilot versions of the full size XGEL(R) TABWRAP(R) systems which are currently being designed and built by BioProgress. The pilot scale machines are fully representative of the TABWRAP(R) technology and can generate the validating product performance and stability data, which is required for new pharmaceutical products. This will enable the customers to commence new product development immediately in the TABWRAP(R) technology and, in the case of Peter Black, win new customers for this exciting and innovative technology. TABWRAP(R) is a customer led technology designed to replace the old methods of slow batch based tablet coating with a new fast continuous process which wraps the preformed tablets in BioProgress proprietary coloured cellulose based film. Graham Hind, Chief Executive of BioProgress, said: "There has been relatively little innovation in the tablet making process for a number of years. The market opportunity for the TABWRAP(R) technology is enormous. For example, the most commonly used class of medication world-wide is analgesics and there are around 70 million prescriptions and 30 billion over the counter tablets sold in this category alone annually in the USA. "Our TABWRAP(R) technology offers a number of major advantages. It provides a fast track new product development opportunity. It meets the industry desire to replace animal derived materials like gelatin. It can produce a two-colour tablet not possible using traditional tablet spray coating techniques. It can improve product shelf life, and by manipulating the film wrap formulation, it is possible to release the active in the tablet into the body at a faster rate. Most importantly these advantages are achieved at reduced production costs for the customer." Alan Clements, Managing Director of Peter Black Healthcare, said: "Peter Black is delighted to be the first company in Europe to be able to offer our customers new product development opportunities in the new TABWRAP(R) technology. Tablets manufacture is an important part of our business; we make more than thirty million tablets every week. As a company we are committed to innovation and the adoption of the latest technology to enhance and add value to our customer service. "We believe that BioProgress TABWRAP(R) will enable us to develop innovative products for our customers. There was an encouraging level of initial interest in the TABWRAP(R) concept and, now we have a pilot scale TABWRAP(R) machine at Peter Black, we can actively offer our customers the benefits of this exciting new technology." XGEL(R) TABWRAP(R) is one of four new dosage forms BioProgress is developing under the XGEL(R) family of products. These include: SWALLOW(R), a new non-gelatin liquid filled capsule process; NROBE(R), a new powder delivery dosage form; and SEPTUM(R), a new dosage form which enables the encapsulation of two non-compatible active ingredients in the same shell, delivering each at a different time or site in the body. - Ends - For further information: BioProgress plc Graham Hind, Chief Executive Tel: +44 (0) 1354 655 674 grahamhind@bioprogress.com www.bioprogress.com Media enquiries: Bankside Henry Harrison-Topham / Heather Salmond Tel: +44 (0) 20 7444 4140 henry.ht@bankside.com www.bankside.com Notes to editors: BioProgress listed on AIM in May 2003 and is engaged in the research, development, and design of patented encapsulation systems that use water soluble and biodegradable films for the dietary supplement, pharmaceutical and other sectors. The Company holds 15 patents with a further 38 pending and has product development agreements with several global companies. BioProgress aims to provide a cost effective and animal-free encapsulation process for pharmaceutical drugs in liquids, tablets and powders, thereby potential addressing the needs of the entire market for oral dosage forms while providing novel delivery mechanisms not possible with traditional processes. The Company has also developed patented and licensed the world's first flushable ostomy pouch that offers a newly enhanced quality of life not previously possible for the end user. Market research shows the global ostomy market to be worth $1 billion annually. The Company's business model provides it with several significant revenue streams including sales of encapsulating machines and film, plus licence and fees for research development services. This information is provided by RNS The company news service from the London Stock Exchange END MSCSFAFEASDSEDA
1 Year Bioprogress Chart |
1 Month Bioprogress Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions