Absorption Systems Partners With Synerzys To Promote Biopharmaceutics Classification System (BCS) Testing Of Drugs
EXTON, Pa., April 8, 2013 /PRNewswire/ -- The preclinical contract research organization Absorption Systems, a global leader in pharmacokinetic testing of drugs, announces that it has entered into a partnership with the Indian pharmaceutical consulting firm Synerzys Lifecare Pvt Ltd. The intent of the partnership is two-fold: to sell Absorption Systems' services in India and, more broadly, to expand the use of the Biopharmaceutics Classification System (BCS) throughout the world.
The BCS, first implemented by the US Food and Drug Administration (USFDA) in 2000, is a scientifically sound regulatory pathway that classifies drugs in such a way as to eliminate the need for human testing or provide further scientific evidence supporting human testing. As a result, drug sponsors can save significant time and money in the development of their products, especially for generics. For developing nations in general, it also means that more-affordable generic drugs can be made available sooner to patients who need them but cannot afford most new drugs. Regulatory authorities around the world are embracing the BCS in various capacities, and as the dissemination of more scientific evidence emerges the drive to further embrace the BCS is clear.
Absorption Systems is the world leader in the measurement of drug permeability for BCS classification. As a result, the company has been audited several times by the USFDA and is registered with the agency as a GDUFA (Generic Drug User Fee Amendments) testing facility. In spite of the trend of American drug companies outsourcing drug research, manufacturing, and clinical trials to China and India, Absorption Systems has established a growing business in the opposite direction. Expertise has no boundaries.
Synerzys is a pharmaceutical consulting and advisory firm based in Mumbai, India. Its team has broad experience in all aspects of drug development and strong connections with all major Indian drug companies. Synerzys is ideally situated due to the fact that India is the world's fourth-largest producer of pharmaceuticals by volume, accounting for roughly 8% of global production. Of the 2,244 abbreviated new drug applications (generics) approved by the USFDA in the 5-year period from 2007-2011, 31% (694) were for Indian sponsors.Patrick Dentinger, President and CEO of Absorption Systems, commented that, "The growing acceptance of the BCS has created the need for a more strategic view of India. In the low-margin, first-to-file world of generic drug products, companies will either use the BCS approach or compete with it." Kaushal Shah, COO of Synerzys, added, "We are very happy to partner with Absorption Systems in an endeavour that has the potential for mutual commercial success as well as real benefits to patients in many countries." About Absorption SystemsAbsorption Systems, founded in 1996, assists pharmaceutical, biotechnology and medical device companies in identifying and overcoming ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) barriers in the development of drugs, biologics and medical devices. The company's mission is to continually develop innovative research tools that can be used to accurately predict human outcomes or to explain unanticipated human outcomes when they occur. The CellPort Technologies ® platform, a suite of human cell-based test systems for drug transporter characterization, exemplifies Absorption Systems' commitment to innovation and is soon to be an industry assay standard for in vitro drug interaction assessment. Absorption Systems has facilities near Philadelphia, PA, in San Diego, CA, and in Panama City, Panama, and serves customers throughout the world. For information on the company's comprehensive contract services and applied research programs, please visit www.absorption.com. About Synerzys Lifecare Pvt Ltd.Synerzys Lifecare is a global pharma advisory firm specializing in consulting and execution for Strategy Planning, Business Development, & Licensing. Synerzys provides end-to-end healthcare business solutions enabling you to surpass your short-term as well as long-term goals. We believe that Rest of the World (RoW) and Emerging Markets (EM) will drive the growth of healthcare in the coming decades. However, with increasing opportunity comes increasing competition. In this challenging and changing business landscape, you constantly need a partner who can not only provide innovative solutions but also help in meticulous execution. Know us more, examine what drives us at www.synerzys.com Chris Bode, Ph.D. VP Scientific & Corporate Communications Absorption Systems 1-610-280-1451 email@example.com www.absorption.com Kaushal Shah, B. Pharm, MBA COO, Synerzys firstname.lastname@example.org +91 93221 44736 SOURCE Absorption Systems
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV