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Pharmaceutical outsourcing services provider PCI Pharma Services (PCI) has announced its plans to acquire Melbourne-based company Pharmaceutical Packaging Professionals (PPP).

The acquisition of PPP, a provider of clinical trial manufacturing, packaging, storage and distribution services, will establish a presence for PCI in Australia as it continues to grow and expand in the Asia Pacific region.

Australia is one of the leading countries for Phase 1 studies globally, according to PCI.

With the acquisition, PPP’s Phase I offering also enables PCI to better support customers from early phases of clinical development through to commercial launch.

PPP's services include early clinical phase sterile and non-sterile drug manufacture of investigational medicines, packaging and labeling services for investigational products, as well as logistical services including storage and distribution to global investigational sites.

PPP is currently undertaking a facility expansion and upgrade to add additional storage and distribution services, labeling and packaging rooms, Grade D manufacturing as well as sterile-fill manufacturing capabilities for Phase II clinical studies.

PPP’s services complement PCI’s global portfolio of clinical and commercial services, including clinical and commercial scale drug manufacturing, packaging and labeling of clinical trial medicines, global logistical services to investigational sites and commercial contract packaging services.

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.