The Stevanato Group began 71 years ago by crafting specialty bottles for perfume and wine. Now they are perfectly positioned to profit from packaging pandemic cures.in April factories were shuttered across the country. But in Piombino Dese, a small town about
“Every Saturday and Sunday, even on Easter, I went to work alongside my employees to show that we were in the trenches as well,” says Franco Stevanato, the 46-year-old CEO of the group and grandson of its founder, Giovanni. Those machines are a key differentiator. In 2007, when French pharma giant Sanofi needed a supply of sterile syringes that could quickly hit the market, Stevanato developed a ready-to-use syringe that didn’t require any additional sterilization. Stevanato built its own machines to wash and sterilize the syringes and patented the whole process, creating a product line that is now one of the company’s top earners.
Big changes are afoot. In June, the group raised $59 million in a private debt placement, the first time the company had ever sought outside funding. They plan to use the money to develop wearable medical devices and machines to automatically assemble them. And the family has plans to take the company public within the next three years.“The banks we’re working with want us to go public earlier, but I want to do it when I feel sure, regardless of Covid-19,” says Franco.for months.
Vaccines face much tougher regulatory barriers than most other medicines and need to be stored in sterile glass vials and syringes, says Verkleeren of Corning. “A lot of drugs degrade in the presence of oxygen. It would take millions of years for one molecule of oxygen to permeate glass, and it would take minutes for it to go through plastic,” he says.
En la mayoría de países, a más muestreo, mejores KPIs. DS4BCommunity .
Thank god their making them and have the technology.
I'm waiting for the clowns to come forward and all start talking about how that many vials are bad for the environment and how they should be made out of paper.
And they’re hedging their bets on making $Billions more out of this....yup
I was hoping the vials would be Murano glass, but this was still pretty great.
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