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
Logo – https://mma.prnewswire.com/media/2681321/Colorcon_Logo.jpgLogo – https://mma.prnewswire.com/media/2681322/ASHA_Cellulose_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/colorcon-and-asha-cellulose-announce-new-partnership-to-support-the-development–manufacture-of-barrier-membrane-formulations-for-the-pharmaceutical-and-nutraceutical-industries-302449346.html
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
14 minutes ago
- The Sun
Modi's tax overhaul to strain finances but boost image amid US trade tensions
NEW DELHI: Indian Prime Minister Narendra Modi's deepest tax cuts in eight years will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington. In the biggest tax overhaul since 2017, Modi's government on Saturday announced sweeping changes to the complex goods and services tax (GST) regime which will make daily essentials and electronics cheaper from October, helping consumers and also companies like Nestle, Samsung and LG Electronics. At the same time, in his Independence Day speech on Friday, Modi urged Indians to use more goods made domestically, echoing calls from many of his supporters to boycott U.S. products after Donald Trump hiked tariffs on imports from India to 50% as of August 27. The tax cut plan comes with costs given GST is a major revenue generator. IDFC First Bank says the cuts will boost India's GDP by 0.6 percentage points over 12 months but will cost the state and federal government $20 billion annually. But it will improve weak stock market sentiment and bring political dividends for Modi ahead of a critical state election in the eastern state of Bihar, said Rasheed Kidwai, a fellow at New Delhi-based Observer Research Foundation. 'GST reduction will impact everyone, unlike cuts to income tax, which is paid by only 3%-4% of the population. Modi is doing this as he is under a lot of pressure due to U.S. policies,' said Kidwai. 'The move will also help the stock market, which is now politically important as it has a lot of retail investors.' India launched the major tax system in 2017 that subsumed local state taxes into the new, nationwide GST to unify its economy for the first time. But the biggest tax reform since India's independence faced criticism for its complex design that taxes products and services under four slabs - 5%, 12%, 18% and 28%. Last year, India said caramel popcorn would be taxed at 18% but the salted category at 5%, triggering criticism about a glaring example of GST's complexities. Under the new system, India will abolish the 28% slab - which includes cars and electronics - and move nearly all of the items under the 12% category to the lower 5% slab, benefitting many more consumer items and packaged foods. Government data shows the 28% and 12% tax slabs together garner 16% of India's annual GST revenue of roughly $250 billion last fiscal year. 'A brighter gift' and politics Bihar is a key state politically and goes to the polls by November. A recent survey by the VoteVibe agency showed Modi's opposition has an edge largely because of a lack of jobs. 'Any tax cut has wide public appreciation. But of course, the timing is purely determined by political exigencies,' said Dilip Cherian, a communications consultant and co-founder of Indian public relations firm Perfect Relations. 'It seems to be an indication of some mixture of frustration as well as recognition that there is a broad public pushback against high and crippling rates of taxation.' Modi's ruling Bharatiya Janata Party has seized on his tax announcement, posting on X that on the Hindu festival of lights, Diwali, 'a brighter gift of simpler taxes and more savings is waiting for every Indian.' Modi has vowed to protect farmers, fishermen and cattlemen, following Trump's surprise tariff announcement on India, after trade talks between New Delhi and Washington collapsed over disagreement on opening India's vast farm and dairy sectors and stopping Russian oil purchases. The latest round of trade talks between the two nations set for August 25-29 has also been called off - REUTERS
The Star
2 hours ago
- The Star
US-India trade talks scheduled for August called off, source says
Trade talks between New Delhi and Washington collapsed after five rounds of negotiations. - Photo: AFP NEW DELHI: A planned visit by US trade negotiators to New Delhi from August 25-29 has been called off, a source said, delaying talks on a proposed trade agreement and dashing hopes of relief from additional US tariffs on Indian goods from Aug 27. The current round of negotiations for the proposed bilateral trade agreement is now likely to be deferred to another date that has yet to be decided, the source with direct knowledge of the matter said. The US embassy in New Delhi said it has no additional information on the trade and tariff talks, which are being handled by the United States Trade Representative (USTR). India's trade ministry did not immediately reply to a Reuters email seeking comments. Earlier this month, US President Donald Trump imposed an additional 25% tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations. The new import tax, which will come into effect from Aug 27, will raise duties on some Indian exports to as high as 50% - among the highest levied on any US trading partner. Trade talks between New Delhi and Washington collapsed after five rounds of negotiations over disagreement on opening India's vast farm and dairy sectors and stopping Russian oil purchases. India's Foreign Ministry has said the country is being unfairly singled out for buying Russian oil while the United States and European Union continue to purchase goods from Russia. - Reuters
The Star
7 hours ago
- The Star
The US will regret throwing India under the bus
US president Donald Trump has thrown India under the bus. After months of affronts and barbs, Washington now treats New Delhi more as foe than friend, undermining a relationship that several American administrations – including Trump's first – tried to strengthen, not least to contain China in the Indo-Pacific. Instead, India will now distance itself from the United States and draw closer to Russia and even China. By diplomatic standards, the deterioration has been abrupt. Contrast the vibe between Trump and Indian Prime Minister Narendra Modi on two occasions this year. In February, Modi visited Trump in the White House, and the pair looked like two populist peas in a pod. Gushing about his MAGA (Make America Great Again) host, Modi pledged to Make India Great Again and promised that 'MAGA plus MIGA becomes a mega partnership.' Fast forward to recent days, as Trump first slapped a draconian tariff of 25% on India, then doubled that to 50% (to take effect later this month) as punishment for India's ongoing imports of Russian oil. 'I don't care what India does with Russia,' Trump taunted. 'They can take their dead economies down together, for all I care.' (India's economy is in fact booming.) Nothing about this sounds mega. Trump's ire against India is 'mystifying' and 'shortsighted,' Lisa Curtis at the Center for a New American Security said. She's worked for almost three decades to deepen the relationship between the US and India, most recently on the National Security Council in Trump's first term. Like his Democratic predecessor and successor, Trump at that time also wanted to enlist the world's most populous democracy as an ally to help resist the looming autocratic axis of China and Russia. During the Cold War, India remained proudly 'non-aligned' but bought its weapons mainly from Moscow, whereas its arch-rival, Pakistan, mostly used American arms. In recent decades, though, these relationships inverted, with India nowadays buying more military kit from the US and other Western countries than from Russia, and Pakistan getting more weapons from China than the US. Other bonds between the US and India have also been thriving – just think of the Desi diasporas in Silicon Valley or academia, or the vice president's in-laws. America and Curtis, had especially high hopes for a budding quasi-alliance among the US, India, Australia and Japan. Called the Quad, it seeks to deepen cooperation in the Indo-Pacific to manage and protect maritime commerce, undersea cables, critical minerals and much else. It never prevented India from also maintaining ties with Russia and China – within the so-called BRICS format, notably. But Washington envisioned the Quad evolving into another of America's 'minilateral' alliances for mutual defence in Asia, with China in the role of bogey. Events are taking a different turn. In May, a terrorist attack in Kashmir sparked the latest clash between India and Pakistan. Worried about escalation between the two nuclear powers, the Trump administration urged both sides to stand down, which they eventually did. Then the narratives diverged. Trump repeatedly claimed full credit for being a peacemaker, even suggesting that he threatened India to make it climb down. Modi, and many Indians, were shocked. In previous crises, the US also calmed tempers behind the scenes, but India has always rejected official third-party mediation in its conflict with Pakistan. Now Modi felt humiliated. His government took the unusual step of publishing the minutes of a call between Trump and Modi, clarifying that 'at no point' was there any mediation by the US and that the ceasefire discussions 'took place directly between India and Pakistan.' Other Indian pundits were less diplomatic and almost poetic in their outrage over this 'typical Trump overreach.' Trump wasn't pleased. He was all the more delighted, though, when Pakistan praised his peacemaking prowess and hinted that it would nominate the president for the Nobel Peace Prize he openly covets. Trump then hosted Pakistan's top military official – whom India considers the mastermind of the recent terrorist attack – for lunch, and Pakistan promptly made the Nobel nomination official. Subsequently, Pakistan also bargained down the new American tariffs on its goods from 29% to 19% – relatively meek next to India's rate. None of this means that the US -Indian relationship is irredeemably broken. Trade negotiators are slated to meet again this month, and a deal remains conceivable. Still, Indians have taken note that Trump is cracking down hardest against India, a putative partner, for buying oil from Russia, and not on China, allegedly America's main adversary, which imports even more Russian oil. Nor are they thrilled about the surging deportations of Indians illegally in the US, the harassment of Indian (and all foreign) students on American campuses, and much else. The Quad, meanwhile, still exists. Its foreign ministers met just the other day, and India will host a summit of the four leaders this fall. But Trump's attendance is now in doubt. 'If the rhetoric remains acerbic, I have difficulty in seeing him going,' Curtis told me. His former rapport with the Indian leader is gone, she added: 'Prime Minister Modi is just not going to trust President Trump anymore.' That doesn't mean Modi will throw himself into the arms of Beijing – as my colleague Karishma Vaswani points out, India has other friends in Asia to help it keep an eye on China. But Modi is suddenly making plans to visit China for the first time in seven years, in what appears to be a diplomatic thaw. Meanwhile, the Russian president is arranging a trip to see Modi. America's strategy for more than a decade has been to pull India closer into the Western and democratic orbit as a counterweight to its main autocratic rivals and adversaries. Whether the result of design, neglect or whim, Washington's turn away from New Delhi cannot be seen as anything other than counterproductive. —Bloomberg Opinion/TNS
