PRESS RELEASE
MedPharm Receives Growth Equity Investment from Ampersand Capital Partners
Guildford, UK, March 26, 2018 -- MedPharm Ltd., a leading provider of contract topical and transdermal product design and formulation development services, is pleased to announce an investment by Ampersand Capital Partners.
Since its founding almost 20 years ago, MedPharm has established itself as a trusted developer of topical and transdermal products for the pharmaceutical drug development communities worldwide. The Company’s services currently encompass formulation development, performance testing and clinical trials manufacturing at its facilities in Guildford, UK and Durham, NC, US.
MedPharm’s founders, Dr. Andrew Muddle and Prof. Marc Brown, will remain with the Company to work with its growing executive team to expand MedPharm’s service offering in topical and transdermal pharmaceutical development and manufacturing, as well as increase international CDMO market coverage whilst maintaining the Company’s long established scientific principles and ethos.
Dr. Andrew Muddle, co-Founder and CEO of MedPharm, stated, “We are excited to partner with Ampersand to diversify MedPharm’s services offering and regional coverage. We look forward to growing the business together for the benefit of our customers.”
Professor Marc Brown, Founder and CSO of MedPharm, commented, “We have chosen to partner with Ampersand at an opportune time. Ampersand’s investment will help us respond to strong market demand for MedPharm’s services whilst maintaining our core values of scientific integrity, innovation and flexibility.”
Ampersand General Partner David Parker added, “MedPharm is an excellent fit with Ampersand’s strategy of investing in growth-oriented businesses that have established leadership positions in specialty segments of the CDMO market. We are thrilled to have the opportunity to partner with MedPharm’s management team to drive future growth and success of the business.”
Since its founding almost 20 years ago, MedPharm has established itself as a trusted developer of topical and transdermal products for the pharmaceutical drug development communities worldwide. The Company’s services currently encompass formulation development, performance testing and clinical trials manufacturing at its facilities in Guildford, UK and Durham, NC, US.
MedPharm’s founders, Dr. Andrew Muddle and Prof. Marc Brown, will remain with the Company to work with its growing executive team to expand MedPharm’s service offering in topical and transdermal pharmaceutical development and manufacturing, as well as increase international CDMO market coverage whilst maintaining the Company’s long established scientific principles and ethos.
Dr. Andrew Muddle, co-Founder and CEO of MedPharm, stated, “We are excited to partner with Ampersand to diversify MedPharm’s services offering and regional coverage. We look forward to growing the business together for the benefit of our customers.”
Professor Marc Brown, Founder and CSO of MedPharm, commented, “We have chosen to partner with Ampersand at an opportune time. Ampersand’s investment will help us respond to strong market demand for MedPharm’s services whilst maintaining our core values of scientific integrity, innovation and flexibility.”
Ampersand General Partner David Parker added, “MedPharm is an excellent fit with Ampersand’s strategy of investing in growth-oriented businesses that have established leadership positions in specialty segments of the CDMO market. We are thrilled to have the opportunity to partner with MedPharm’s management team to drive future growth and success of the business.”