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Home > Company Index > Drugs > Drug Delivery > Penwest Pharmaceuticals Co.

Penwest Pharmaceuticals Co.
Nasdaq: PPCO
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 NEWS FROM THE WIRES
Penwest says COO Michael Fox steps down
Aug 07 2001 01:15 PM PDT

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 PROFILE
Timing is everything to Penwest Pharmaceuticals, developer of time-released drug-delivery system TIMERx, which can be used in a variety of oral drugs to precisely control the release of active ingredients. Penwest has collaborated with such pharmaceutical companies as Leiras OY (subsidiary of Schering AG) and Sanofi Winthrop International to develop drugs that use the TIMERx system. The company also makes Prosolv, a product for use in medicinal tablets that reduces the amount of binders that need to be used, enables more difficult active ingredients to be combined, and improves compaction. Penwest intends to continue seeking partners to develop additional drugs using TIMERx and to develop further Prosolv products.

 COMPETITION
ALZA Corporation (dossier)
Biovail Corporation (BVF)
R.P. Scherer Corporation (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 42.10
1-Yr. Sales Growth: 13.2%
Employees: 137
Revenue per employee: $307,299.27

 KEY PEOPLE
• Tod R. Hamachek
    CEO
• Jennifer L. Good
    CFO

 CONTACT INFO
2981 Route 22
Patterson, NY 12563
US
Phone: 845-878-3414
Fax: 845-878-3484
Online: Web Site

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