11th Sep 2012 07:00
Oxford Pharmascience Group plc
("Oxford Pharmascience" or "the Company")
Oxford Pharmascience awarded ISO9001 accreditation
Oxford Pharmascience, the specialty pharmaceutical company that uses advanced pharmaceutic technologies to reposition medicines, today announces that it has successfully achieved ISO 9001: 2008 accreditation, the internationally recognised standard for an organisation's internal Quality Management system.
Nigel Theobald, Chief Executive, Oxford Pharmascience Group Plc, commented:
"We are committed to developing innovative, high quality products using our re-formulation technologies and the certification of compliance with ISO 9001:2008 recognises that our policies, practices and procedures are of the very highest standards expected by our customers across the pharmaceutical sector".
For further information:
Oxford Pharmascience Group Plc
Nigel Theobald, Chief Executive +44 1865 854874
Hybridan LLP (Broker)
Claire Noyce / Deepak Reddy +44 20 7947 4350
ZAI Corporate Finance (Nominated Adviser)
John Depasquale/ John Treacy +44 20 7060 2220
About Oxford Pharmascience Group Plc
Oxford Pharmascience Group Plc develops advanced yet practical pharmaceutical technologies to enable reformulation that adds value to off patent and soon to be off patent drugs. The Company does not manufacture or sell its own pharmaceutical products but instead seeks to license its technologies to a network of partners, mainly leading pharmaceutical companies with Rx (prescription) and OTC (Over the Counter) branded portfolios. These partners use our technologies to reposition their products helping them sustain market share and profitability by delivering improved health outcomes and/or clinical profiles via reformulated versions of the same API (active pharmaceutical ingredient).
Oxford Pharmascience Group Plc develops platform technologies that have application across multiple drug categories and can be leveraged across a broad range of reformulation problems. This business model allows us to provide solutions across the industry and fund the ongoing development of cutting edge technologies to better serve the needs of our partners. The partner companies who adopt our technology pay an up-front license fee followed by development milestone payments and then royalties on finished products sold using the technology. OXP invests the upfront licence fee to optimise product development and to ensure seamless technology transfer to the pharmaceutical partner.
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