Gerresheimer and Portal enter strategic partnership to treat chronically ill patients with innovative needle-free drug-delivery solution
Duesseldorf, Germany/Cambridge, Mass - May 9, 2022 ? Gerresheimer AG is expanding its portfolio of highly-innovative platform technologies for drug delivery. Gerresheimer, a leading provider of healthcare & beauty solutions and drug delivery systems for pharma, biotech and cosmetics, today announced an investment into US-based Portal Instruments, a developer of a next-generation needle-free drug delivery technology. Together, the partners aim at transforming the administration of injectable medicines and improving the patient?s experience, especially for those with chronic diseases.
Portal develops technology which allows for needle-free and high-speed subcutaneous injection of medicine and ? via connectivity ? the adherence monitoring along the treatment journey by patient and medical care provider. Portal Instruments is based in Cambridge, Massachusetts, and has its roots in MIT?s Bio Instrumentation Lab.
?Portal Instruments is developing groundbreaking technology. With our combined expertise in drug delivery innovations and manufacturing, we will contribute significantly to improving the patient?s quality of life as well as treatment efficiency and success. These results will also help to reduce costs to the healthcare system?, said Dietmar Siemssen, CEO of Gerresheimer. ?This investment is another milestone in our strategy process formula G. It will add to our capabilities to offer unique and innovative solutions to our clients. Together with Portal, we will further expand our client base as well as the existing IP and product portfolio?, he added.
?We are delighted to be working closer with Gerresheimer, who is a well-respected industry leader in drug delivery systems?, said Patrick Anquetil, CEO of Portal Instruments. ?As solutions provider and platform integrator, Gerresheimer has deep development and manufacturing know-how as well as a strong network of global pharma and biotech customers. This investment will support our scaling efforts. Gerresheimer?s financial backing will also accelerate Portal?s growth plans.? Gerresheimer acquired a minority stake and the agreement includes the option to increase the stake in the future. Gerresheimer will have a representative on Portal?s Board of Directors.
Portal?s needle-free injector and cartridge are components of a drug delivery platform for both biologics and biosimilars, completed and made available through biopharma partners. While many auto injectors on the market require patients to hold the needle onto their skin for 10 to 30 seconds, Portal's needle-free device can inject the same volume in less than a second. At the same time, this innovative type of injection helps to reduce pain during the application. And the injector is more than a drug delivery system: Thanks to its connectivity, adherence tracking, and customizable disease management becomes possible for both patient and medical care provider. Gerresheimer will support the development of the new technology, take part in manufacturing the reusable injector and supply cartridges containing the medicine.
Contact Information Portal Instruments
About Portal Instruments
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Issuer: Gerresheimer AG
Key word(s): Enterprise
09.05.2022 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
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