Stevanato Group and Gerresheimer AG Announce Collaboration on the Development of an Innovative Ready-To-Use Vial Platform for the Pharmaceutical Industry

Rhea-AI Summary

Stevanato Group (NYSE: STVN) and Gerresheimer AG have announced their collaboration to develop a new Ready-To-Use (RTU) vial solution based on Stevanato's EZ-fill® technology. This initiative aims to enhance quality, efficiency, and reduce the total cost of ownership for pharmaceutical companies. The partnership addresses the rising demand for RTU vials, with a focus on standardizing fill-finish operations. The new solution will significantly lower particle load, bolstering overall quality. The platform will be showcased at the CPhI Worldwide in Frankfurt in November 2022.

Positive

• Joint development of a new Ready-To-Use vial solution is expected to enhance quality and efficiency for pharmaceutical companies.
• The collaboration addresses rising market demand for RTU vials, potentially increasing market share.
• Significant reduction in particle load will improve the overall quality of the RTU solutions.

Negative

• None.

The two leading companies joined forces to develop a new Ready-To-Use vial solution, based on EZ-fill® pre-sterilized platform, allowing seamless integration into standard fill & finish lines, helping customers gaining significant increase in quality and efficiency

PIOMBINO DESE, Italy--(BUSINESS WIRE)-- Stevanato Group S.p.A. (NYSE: STVN), a global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, and Gerresheimer AG, a leading global provider of healthcare & beauty and drug delivery systems for pharma, biotech and cosmetics, announce that they have jointly developed a high-end Ready-To-Use (RTU) solution platform with an initial focus on vials, based on Stevanato Group’s market-leading EZ-fill® technology. This collaboration is projected to help customers gain efficiencies, improve the quality standard, increase speed to market, reduce total cost of ownership (TCO) and help mitigate supply chain risk.

Stevanato Group and Gerresheimer AG are addressing rising demand for RTU vials in the market and the partnership serves as a market enabler to fully support customers’ evolving needs and establish a gold standard in the industrial filling process. The collaboration aims to make RTU vials a standard, available to a wide number of pharma companies globally – offering premium quality solutions to patients and reducing complexity for pharma operations. The new solution will be available to other players in the market to standardize fill-finish operations from early phase drug development to commercialization. The new RTU solution platform from Stevanato Group and Gerresheimer AG will share the same secondary packaging, production process and sterilization method, ensuring consistent available capacity and a reliable double sourcing to the pharmaceutical industry. A hallmark of the new RTU platform is a significant reduction in particles, improving the overall quality and performance of the RTU solutions. In addition, customers can count on a high-end solution made by two major players in the drug containment industry with a long history of innovation. The new jointly developed vial platform and trademark will be presented in detail to the market at the CPhI Worldwide in Frankfurt in November 2022.

“Our EZ-fill® vial platform is the market’s most established choice for pre-sterilized containers, and this enhanced version for RTU vials will bring to the market its full potential in terms of quality, flexibility and value for Pharmaceutical Companies and CMOs,” said Mauro Stocchi, Chief Business Officer at Stevanato Group. “Through our collaboration with Gerresheimer AG we are responding to market demand, and we expect to achieve another important milestone in creating a reliable ecosystem to support, accelerate and de-risk the conversion from bulk to EZ-fill® vials already underway in the market.”

“The new developed RTU vial platform stands out in terms of quality, TCO and sustainability and takes the use of RTU solutions like vials and, in the future, cartridges to a new level,” said Dr. Lukas Burkhardt, Member of the Management Board of Gerresheimer AG. "Due to the strong reduction of the particle load, the quality is significantly increased. Our new innovative solution will convince the market to significantly accelerate the conversion from bulk to RTU vials.”

For more information, visit www.stevanatogroup.com or www.gerresheimer.com.

About Stevanato Group

Founded in 1949, Stevanato Group is a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. The Group delivers an integrated, end-to-end portfolio of products, processes and services that address customer needs across the entire drug life cycle at each of the development, clinical and commercial stages. Stevanato Group’s core capabilities in scientific research and development, its commitment to technical innovation and its engineering excellence are central to its ability to offer value added solutions to clients. To learn more, visit: www.stevanatogroup.com.

About Gerresheimer AG

Gerresheimer AG is the global partner for pharmaceutics, biotech, healthcare, and cosmetics with a very broad product range for pharmaceutical and cosmetic packaging solutions and drug delivery systems. The company is an innovative solution provider from concept to delivery of the commercial product. Gerresheimer achieves its ambitious goals through a high level of innovative strength, industrial competence and concentration on quality and customer focus. In developing innovative and sustainable solutions, Gerresheimer relies on a comprehensive international network with numerous innovation and production centers in Europe, America and Asia. Gerresheimer produces close to its customers worldwide with around 11,000 employees and generated annual revenues in 2021 of around EUR 1.5b. With its products and solutions, Gerresheimer plays an essential role in people's health and well-being.

www.gerresheimer.com

Forward-looking statements

This press release may include forward-looking statements. The words "projected ", "expect", “aims”, and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the Companies’ intentions, beliefs or current expectations concerning the collaboration. The forward-looking statements in this press release are based on numerous assumptions regarding the Companies’ present and future business strategies and the environment in which each Company will operate in the future. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Companies to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Companies' ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Companies' ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, none of the companies assumes no obligation to update any such forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220907005488/en/

Contact Media Stevanato Group:

media@stevanatogroup.com

Cassie Gonzalez: stevanatoUS@teamlewis.com

Investor Relations Stevanato Group:

Lisa Miles: lisa.miles@stevanatogroup.com

Contact Press Gerresheimer AG:

Ueli Utzinger

Group Senior Director Marketing & Communication

T +49 211 6181-250

ueli.utzinger@gerresheimer.com

Contact Investor Relations Gerresheimer AG:

Carolin Nadilo

Corporate Senior Director Investor Relations

T +49 211 6181-220

carolin.nadilo@gerresheimer.com

Source: Stevanato Group S.p.A.

FAQ

What is the collaboration between Stevanato Group and Gerresheimer AG about?

The collaboration focuses on developing a new Ready-To-Use vial solution to enhance quality and efficiency in pharmaceutical operations.

How will the new RTU vial solution affect the pharmaceutical industry?

It aims to standardize fill-finish operations, improve product quality, and reduce total cost of ownership.

When will the new RTU vial platform be presented?

The new solution will be showcased at the CPhI Worldwide in Frankfurt in November 2022.

What technology is used in the new Ready-To-Use vials?

The vials are based on Stevanato Group's EZ-fill® pre-sterilized technology.

What are the benefits of the new RTU solution for customers?

The solution offers improved quality, increased speed to market, and reduced supply chain risks.