West Pharmaceutical to spin-off drug delivery business

By Liz White, ERJ staff

Lionville, Pennsylvania-West Pharmaceutical Services Inc. is to sell a majority interest in its drug-delivery business to a new company formed by financial group Warburg Pincus. The deal is expected to be finalised early in 2005.

West-a global market leader in closure systems and syringe components for use with injectable drugs-announced that it would carry out a strategic review of its research-focused drug delivery activities back in June 2004.

“This agreement will result in significant new funding for the drug delivery…