XSpray

Xspray™ Microparticles AB announces financing to take RightSize™ Particle Manufacture technology to GMP

GMP Manufacture using RightSize™ Particle Manufacture Technology will enable supercritical fluid production of pharmaceuticals.

Stockholm, Sweden- November 9, 2007 – Xspray™ Microparticles AB a private company leading the development of super critical fluid technology for the manufacture of pharmaceutical particles announces financing has been approved to take it’s RightSize™ Particle Manufacture technology to GMP.

The new financing is a milestone payment, based on successful scale up of the RightSize Particle manufacture technology. It will be used to set up a fully validated GMP facility and will allow the company to implement the next stage in its strategy; manufacture of pharmaceutical particles under GMP condition with RightSize Particle Manufacture technology. Positioning Xspray Microparticles at the forefront of pharmaceutical manufacturing using supercritical fluid technology. The company will be presenting this technology at a seminar during the annual AAPS meeting in San Diego on the 14th November, where Prof. Peter York, an acknowledged expert on pharmaceutical particle engineering will also be speaking.

RightSize Particle Manufacture technology is clearly differentiated by its scalability which makes this an ideal technology for the drug development process, being able to work at the scales needed from discovery through to production. ‘’Supercritical fluid technology has been developing over the last 20 years and has clearly demonstrated many advantages for producing pharmaceutical powders’’ Stated Dr. Per Andersson CEO of Xspray Microparticles, “but in the past scaling to the extent needed for pharmaceutical production has been challenging. The ease with which RightSize particle manufacture can be scaled opens the doors for pharmaceutical companies to reap the rewards offered by supercritical fluid technology.

About Xspray Microparticles AB

Xspray Microparticles is a development company with in depth knowledge of both super critical fluid technology and the drug development process; developing cutting edge platform technologies and offering solutions for the production of customised pharmaceutical particulate material. The process yields consistent powder particles in terms of size, shape and morphology that can be incorporated into a number of dosage forms including tablets, capsules, and inhalation systems addressing areas of unmet therapeutic need by enabling the development of drugs with enhanced delivery options, faster onset of action and adding innovative properties that really benefit patients. The unique ability to scale up the SCF RightSize Particle Manufacture technology enables super critical fluid technology to be used for the production of pharmaceutical particulates, enabling particle engineering for the production of pharmaceutical particulates.
More information about the company can be found at www.xspray.com

Xspray Microparticles has its global headquarters and development laboratories in Stockholm, Sweden

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