Schott establishes stand-alone company for its pharma business
German glass company Schott has established a stand-alone company for its pharma business to advance its growth strategy.
Following the spin-out, Schott Pharma will seek to develop new opportunities with a portfolio that currently ranges from high-quality vials to glass and polymer syringes, to cartridges and ampoules.
"This step enables us to explore new financing options, including a possible IPO for Schott Pharma"The multinational group’s pharma division has grown faster than the market in recent years, producing around 13 billion products yearly to serve modern drug categories such as mRNA-based drugs and biopharmaceuticals. Currently, Schott Pharma has more than 1,700 customers including the top 30 leading pharma manufacturers.
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