Colorcon and ASHA Cellulose Announce New Partnership to Support the Development & Manufacture of Barrier Membrane Formulations for the Pharmaceutical and Nutraceutical Industries
ASHACEL® - a family of multifunctional, water-insoluble, organo-soluble thermoplastic cellulose ethers that serve as binders, flexible film formers, taste-masking and time-release agents, rheology modifiers and more.
ASHAKOTE® - a 30% aqueous dispersion of Ethyl cellulose, suitable for sustained release, taste-masking and moisture control, and used in regions where organic solvents are not acceptable.
"Colorcon is excited to announce our new partnership with ASHA Cellulose to further the support we provide to our customers in barrier membrane and multi-particulate development," said Kurt Fegely, Vice President of Excipient Technologies at Colorcon. "ASHA has been a leader in the cellulosic polymer industry for more than 25 years. Our partnership combines an impressive product portfolio, recognized leadership in controlled release multi-particulate applications and regulatory excellence, helping our customers achieve success in drug delivery."
Raju Shah, President for ASHA Cellulose, commented: "Asha Cellulose has been involved in manufacturing ASHACEL Ethyl Cellulose and ASHAKOTE Aqueous Ethyl Cellulose dispersion using in-house capabilities and a world-class infrastructure. With this partnership, we are confident that the unique combination of our polymer expertise and Colorcon's technical prowess and customer reach will help us serve our customers better."
Simon Tasker, Chief Executive Officer at Colorcon, concluded, "This partnership is a great example of our commitment to the pharmaceutical and nutraceutical industries. We are excited to bring together our two organizations to provide an enhanced product portfolio, high quality manufacturing and dedication to service excellence, supply reliability and technical expertise to our global customers."
This partnership will officially start on May 15th.
About Colorcon
Colorcon is a world leader in the development, supply and technical support of formulated film coating systems, modified release technologies, core excipients and functional packaging for the pharmaceutical industry. www.colorcon.com.
About ASHA Cellulose Private Limited
Asha Cellulose (I) Pvt Ltd is a renowned Indian company engaged in manufacturing Ethyl cellulose and other cellulose derivatives, pigment dispersions through its group companies. Asha's Ethyl cellulose polymer and aqueous dispersion, available under the brand names ASHACEL and ASHAKOTE, comply with the requirements of all major pharmacopoeias and the products are well received worldwide in the pharmaceutical and nutraceutical industries. The India-based manufacturing facility is EXCiPACT and ISO 9001, ISO 14001, ISO 14001 and OSHAS 18001 certified. The company has a state-of-the-art infrastructure and manufacturing control facility, ensuring product quality and regulatory excellence.www.ashacel.com
View original content:https://www.prnewswire.com/apac/news-releases/colorcon-and-asha-cellulose-announce-new-partnership-to-support-the-development--manufacture-of-barrier-membrane-formulations-for-the-pharmaceutical-and-nutraceutical-industries-302449368.html
SOURCE Colorcon Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
an hour ago
- Business Upturn
Why are Lodha shares down nearly 6% today? Know More
By Aditya Bhagchandani Published on July 28, 2025, 09:37 IST Shares of Lodha Developers Ltd. slumped nearly 6% in early trade on Monday to ₹1,203, despite the company posting a robust 42% year-on-year jump in consolidated net profit to ₹675 crore for the quarter ended June 30, 2025. The Mumbai-based real estate giant had reported a profit of ₹475 crore in the same quarter last year. Consolidated revenue also saw a healthy rise to ₹3,624 crore from ₹2,918 crore in Q1 FY25. Pre-sales for the quarter reached ₹4,450 crore, up 10% YoY, slightly below potential due to the temporary impact of the India-Pakistan crisis in May, according to Executive Director S.K. Modi. Still, the company reiterated its FY26 guidance of a 20% annual growth in pre-sales. During the quarter, Lodha launched projects worth ₹8,300 crore, mostly in Mumbai, including premium projects in Juhu and Alibaug, and additional launches in Bengaluru. The company has already achieved 90% of its business development guidance of ₹25,000 crore for the fiscal year and expects more activity in the festive quarters (Q3 and Q4), with the current quarter limited to phased rollouts of existing developments. Despite the strong financials and operational performance, the stock's decline on Monday may be attributed to profit booking by investors following the recent run-up. Disclaimer: The information provided is for informational purposes only and should not be construed as financial or investment advice. Stock market investments are subject to market risks. Readers are advised to conduct their own research or consult a certified financial advisor before making any investment decisions. Neither the author nor the platform assumes any liability for financial losses or decisions made based on this content. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
2 hours ago
- Yahoo
India's Kotak Mahindra Bank slips after missing quarterly profit estimates
(Reuters) -India's Kotak Mahindra Bank falls 5% on Monday after the lender's quarterly results missed market expectations, sparking concerns of deteriorating asset quality. The stock was the top laggard on the Nifty Bank index and Nifty Private Bank index, which were trading 0.5% and 1.1% lower. It was also the top percentage loser on the benchmark Nifty 50, which eased 0.4%. On Saturday, Kotak reported a drop in first-quarter profit, as it set aside more funds for potential bad loans and its gross non-performing assets ratio worsened to 1.48% at the end of June, versus 1.39% a year earlier. At least eight analysts slashed their price targets on the "buy"-rated stock, reducing its median target to 2,340 rupees from 2,350 rupees last month, as per data compiled by LSEG. Sign in to access your portfolio
Business Upturn
3 hours ago
- Business Upturn
CDSL shares drop 3% as Q1 net profit falls 23.6% YoY to Rs 102.4 crore, EBITDA down 15.1%
By Aman Shukla Published on July 28, 2025, 09:23 IST Shares of Central Depository Services (India) Ltd (CDSL) declined over 3% in Monday's trade after the company posted a sharp drop in net profit for the June quarter (Q1 FY26). As of 9:21 AM, the shares were trading 2.88% lower at Rs 1,568.20. CDSL reported a 23.6% year-on-year (YoY) decline in net profit at ₹102.4 crore, compared to ₹134 crore in the same period last year. While revenue remained flat, rising marginally by 0.6% to ₹259 crore from ₹257.4 crore, the company's operating performance took a hit. EBITDA came in at ₹130.6 crore, down 15.1% YoY, while EBITDA margin dropped to 50.44% from 60% a year ago, indicating pressure on profitability despite steady top-line growth. CDSL shares traded between ₹1,549.00 and ₹1,580.00 today. The stock opened at ₹1,550.00, slightly lower than its previous close of ₹1,614.70. It remains well above its 52-week low of ₹1,047.45 but below the 52-week high of ₹1,989.80. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
