THE WEST COMPANY ACQUIRES SENETICS, INC.
LIONVILLE, Pa., Jan. 5 /PRNewswire/ -- The West Company, Incorporated (NYSE: WST) announced today that it has acquired 100 percent of Senetics, Inc., a Boulder, Colo. company specializing in the development of innovative closure and delivery systems for the oral and inhalation drug delivery markets. Founded in 1988, Senetics began its collaboration with The West Company in 1992 when it granted West an exclusive license for its range of Counter Cap(R) products. These devices are plastic child-resistant caps that advance, or count, every time a bottle of oral medication is opened or closed. As a result of the acquisition, West will immediately begin marketing the full range of Senetics-developed compliance products, including those for metered dose inhalers used to treat such chronic diseases as asthma, emphysema and chronic bronchitis. In announcing the acquisition, William G. Little, president and chief executive officer, stated, "Patients not complying with pharmaceutical prescription regimens is a serious issue in today's health care market. By reminding patients to take their medication, compliance closures can improve the effectiveness of treatments and lower their overall cost by reducing the number of doctor visits and hospital and nursing home admissions. We believe that the Senetics range of products fulfills a real market need. Through The West Company's global sales and marketing organization we are uniquely positioned to maximize this opportunity." The West Company is a premier supplier of products that satisfy the unique filling, sealing and dispensing needs of the health care and consumer products industries. More than 85 percent of West's revenue is generated by the health care markets. Products include stoppers, closures, containers, medical device components and assemblies made from elastomers, metal, plastic and glass. West also manufactures related packaging machinery. /delval/ -0- 1/5/94 /CONTACT: Stephen M. Heumann, corporate treasurer of The West Company, 215-594-3346/ (WST)
CO: The West Company, Incorporated; Senetics, Inc. ST: Pennsylvania, Colorado IN: SU: TNM
JO-MJ -- PH027 -- 9537 01/05/94 17:40 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Jan 5, 1994|
|Previous Article:||BELL OF PENNSYLVANIA: START USING THEM NOW ... AREA CODES 610/215|
|Next Article:||INFORMEDICS INC. REPORTS IMPROVED YEAR-END RESULTS|