$4m Mayne grant

August 5, 2015

MAYNE Pharma Group will be the recipient of up to $4 million in government funding after a successful application under the Next Generation Manufacturing Investment Program. The money will help support the installation of an $11 million large scale state-of-the-art fluid bed spray coater at the company’s manufacturing facility in Salisbury, South Australia. CEO Scott Richards said the expansion of Mayne’s modifiedrelease manufacturing capability would help handle expected growth in current products as well as the commercialisation of other items currently in the pipeline. He said Mayne has directed more than 80% of its Australian-based research and development spend to the development of advanced oral drug delivery formulations. “Today more than half of global pharmaceutical prescription revenues come from dose forms that require more than simple immediate-release tablets,” he said.

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Pharmacy Daily | $4m Mayne grant

$4m Mayne grant

Other recent headlines

PD breaking news – Top Western Australian talent honoured

Legal action for Montu

Call to unblock wait times

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES