Ceram Signs Agreement with AstraZeneca
AstraZeneca has signed an agreement with Ceram research Ltd, for Ceram to develop its Inorganic-based Controlled Release Technology in a feasibility study for the delivery of selected AstraZeneca compounds.
"This technology, if successfully implemented, could provide AstraZeneca with an alternative formulation approach for delivering these compounds," said Ceram CEO, Tony Kinsella.
Controlled Release Technology is just one of the development projects that Ceram's team of materials experts is currently working on; others include multi-element substituted hydroxyapatite for orthopaedic device coating applications.
With Healthcare as one of its largest markets, the materials development business has ambitious plans to continue its growth in the US and Europe.
Tony Kinsella continued: "Our work is focussed on commercial development of materials for industrial applications - exactly what a recent news item on the BBC said was lacking in Britain. We have, for example, recently helped Greatbatch Medical to gain FDA (510K) approval of a coating implant submission."