BILLERICA, Mass., Oct. 5, 2016 /CNW/ -- MilliporeSigma today announced that CEO Udit Batra was named "CEO of the Year" for 2016 by CPhI Pharma for his commitment to furthering life science innovation globally.
The company also won two CPhI Pharma Awards—one for excellence in excipients and formulation development and another for regulatory procedures and compliance. CPhI announced the awards at the organization's annual awards gala on Oct. 4 in Barcelona, Spain.
"As advances in drug discovery yield more complex therapies, drug development and manufacturing must innovate at even a faster pace," said Udit Batra, CEO of MilliporeSigma. "At MilliporeSigma, we will continue to empower researchers and scientists with solutions that improve drug development quality and efficiency, helping them solve their toughest problems. On behalf of the company, I am honored to receive this award."
Recognition from this prestigious organization showcases some of the company's world-class technologies and solutions for researchers, drug developers and clinical lab customers working to treat disease.
The CPhI Pharma Awards acknowledged MilliporeSigma's groundbreaking innovations in technology, formulation, regulatory procedures and product development. The company received the following technology awards:
- Parteck® SRP 80 won for "Excipients and Formulation Development." Parteck® SRP 80 is a functional direct compressable excipient designed for oral sustained-release formulations. It is fully synthetic for batch-to-batch and performance consistency and enhances the bioavailability of actives.
- The Emprove® program won for "Regulatory Procedures and Compliance." The program provides documentation and regulatory information on materials used in the manufacture of drug products. This information enhances transparency, facilitates manufacturers' risk assessment workflows and supplier qualification.
CPhI is a global organization that connects people within the pharmaceutical sector and creates opportunities for pharma companies to develop new business, meet customers, launch new products, promote brands and expand into new markets. The CPhI Pharma Awards recognize life science firms that turn inspiration into innovation and celebrate thinkers and creators that are breaking new ground in formulation, process development, packaging and technology.
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About the Life Science Business of Merck KGaA, Darmstadt, Germany
The life science business of Merck KGaA, Darmstadt, Germany, which operates as MilliporeSigma in the U.S. and Canada, has 19,000 employees and 65 manufacturing sites worldwide, with a portfolio of more than 300,000 products enabling scientific discovery. Udit Batra is the global chief executive officer of MilliporeSigma.
Merck KGaA, Darmstadt, Germany completed its $17 billion acquisition of Sigma-Aldrich in November 2015, creating a leader in the $125 billion global life science industry.
Merck KGaA of Darmstadt, Germany is a leading company for innovative and top-quality high-tech products in healthcare, life science and performance materials. The company has six businesses – Biopharmaceuticals, Consumer Health, Allergopharma, Biosimilars, Life Science and Performance Materials – and generated sales of €12.85 billion in 2015. Around 50,000 employees work in 66 countries to improve the quality of life for patients, to foster the success of customers and to help meet global challenges.
Merck KGaA, Darmstadt, Germany is the world's oldest pharmaceutical and chemical company – since 1668, the company has stood for innovation, business success and responsible entrepreneurship. Holding an approximately 70 percent interest, the founding family remains the majority owner of the company to this day. Merck KGaA, Darmstadt, Germany holds the global rights to the name and the trademark "Merck" internationally except for the United States and Canada, where the company operates as EMD Serono, MilliporeSigma and EMD Performance Materials.
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