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Thursday, 04 June 2009 00:00 |
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St. Louis, MO & Philadelphia, PA – June 1, 2009 – SAFC® (www.safcglobal.com), a member of the Sigma-Aldrich® group (NASDAQ: SIAL) and Cherokee Pharmaceuticals™ (www.cherokee-pharma.com), a PRWT Services, Inc. company and minority owned business, today announced an exclusive strategic partnership that encompasses the sourcing, analytical testing, warehousing, packaging and distribution of large-scale raw materials for pharmaceutical manufacturing meeting cGMP quality standards.
The collaboration to co-market and co-sell raw materials for pharmaceutical customers will draw upon SAFC's global sourcing and production capabilities and combine these with Cherokee's world-class analytical laboratories, large-scale cGMP manufacturing, warehousing and distribution facilities. Under the agreement, SAFC will be responsible for all product sourcing including processing reagents and excipients from its network of over 10,000 active suppliers while Cherokee Pharmaceuticals will conduct analytical testing, storage, packaging and distribution services. Located in Riverside, PA, Cherokee Pharmaceuticals features significant storage and expansion capabilities and has its own dedicated rail link to potentially serve the Northeast United States corridor where many of the world's leading pharmaceutical companies are located. SAFC will utilize Cherokee's fully cGMP validated site, which can house cooled, frozen and hazardous substances and serve as a key East Coast analytical, warehousing and distribution hub for large-scale raw materials towards the pharmaceutical industry. Commenting on the strategic partnership Gilles Cottier, President of SAFC said: "This agreement is a win-win situation, not only for SAFC and Cherokee Pharmaceuticals, but also for our respective customers. In marrying SAFC's sourcing capabilities, which bring significant cost and quality benefits to the table, with Cherokee Pharmaceuticals expertise in analytical testing and cGMP manufacture and storage, we are providing top level, high-quality resourcing that will support our US customers throughout their respective supply chains, enabling them to both streamline and improve their risk mitigation strategies." Murvin Lackey, President of Distribution for Cherokee Pharmaceuticals added, "The core competencies of both companies present a competitive advantage for us and our customers. This strategic partnership allows us to provide an integrated sourcing, distribution process to our customers who seek a secure supply chain."
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