PR96067

MILAN, May 26, 2022 /PRNewswire=KYODO JBN/ --

Olon, Leading API supplier, announces the creation of an R&D hub at its center

in Milan, home to the Group's headquarters, paving the way for further major

expansion and diversification of its expertise applied to the development of

APIs for the CDMO and Generics market. With a Euro 10-million investment, the

Italian Group has announced the creation of a huge area dedicated entirely to

research laboratories to be used to develop API (active pharmaceutical

ingredients), manufacturing processes, forming a central research hub and

which, integrating with the 7 existing Olon research centers will give rise to

an innovative global R&D networking model where the high-level expertise and

know-how involved in specific processes, consolidated in the 11 Olon plants

worldwide, will be connected, and extensively applied across the Group's entire

manufacturing network. The major investment involves the construction of a vast

area of laboratories, some of which will focus on furthering the development of

new, highly sustainable technologies, including biocatalysis and

photochemistry. It will also support significant growth in the R&D team, with

up to 50 new researchers hired, bringing the total number of people assigned to

research activities to around 350.

The international research and development hub, which will cover a huge area

within its site in Milan, one of the largest in the Group's network and already

highly strategic in terms of expertise in advanced manufacturing processes, as

high containment technologies.

The new hub represents growth in terms of people, expertise and skills, with

the strategic objective of boosting internal know-how. Based on integrated data

systems, this know-how will enable the company to scale up products faster and

to achieve highly flexible and reliable tech transfer from one site to another.

It will also facilitate the development of new molecules and innovative

synthesis methods and, lastly, help the company attain more competitive process

safety standards, thus increasing the safety of plants, constant product

quality and ensuring business continuity.

The centre will house different areas, each one dedicated to a specific field

of application. The hub will include a laboratory for process safety and

research into scale-up and transfer processes. It will also have an analytical

R&D area, which will broaden expertise for the development of new synthesis

methods and new APIs, from the early phase.

www.olonspa.com

Source: Olon