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PCI Pharma Services (PCI) has completed its acquisition of Melbourne-based Pharmaceutical Packaging Professionals (PPP).

PPP provides clinical trial manufacturing, packaging, storage and distribution services, and will allow PCI to offer earlier-stage outsourcing services to its customers conducting trials in the region.

PCI is a pharmaceutical outsourcing services provider, and its acquisition plans were announced last month.

The company plans to establish PPP’s Melbourne, Victoria offices as its regional headquarters for Asia Pacific, led by the founder of PPP and current senior vice president for PCI Asia Pacific, Craig Rogers.

Australia is a preferred destination for conducting Phase 1 clinical studies, and the acquisition allows PCI to provide new services in early phase clinical sterile and non-sterile drug manufacture as well as establishes a PCI depot to serve the Asia Pacific market.

 

Food & Drink Business

Universal Robina Corp, which owns Snack Brands Australia, and German-based snack food maker, Intersnack Group have announced a strategic partnership. URC will sell 40 per cent of its business in Australia and New Zealand to Intersnack.

A distribution deal between Made Group and Coca-Cola Amatil will see its beverage brands Rokeby Farms and Impressed expand into 50,000 restaurants, cafes and convenience stores around the country.

The World Health Organisation's European division has criticised the region's baby food market as it found a large proportion of products are high in sugar and incorrectly marketed for children under the age of six months. WHO has developed a draft Nutrient Profile Model as a result to combat misleading marketed products.