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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

The Victorian Supreme Court has ruled Bega Cheese is permitted to use the Bega trademark on products outside the scope of the licence Fonterra has for Bega branded cheese and butter products.

Maggie Beer Holdings reported record sales in 1H21, with net sales up 28.6 per cent on the prior comparative period. Cheese was the standout, up 76 per cent pcp.

Patties Foods will sell its two Victorian manufacturing plants in a sale-and-leaseback offering, it announced this week. It anticipates raising around $130 million from the sales.