AUSTRALIAN ASSOCIATED PRESS
  • TRUSTED
  • ACCURATE
  • IMPARTIAL
DONATE SUBSCRIBE
  • insider trading

Bridgewest Perth Pharma to commercialize Sterile Injectable drugs under LumaCina business unit

PRNewswire April 26, 2023

MIAMI and PERTH, Australia, April 26, 2023 /PRNewswire/ — Global private investment firm, Bridgewest Group, recognized for developing innovative companies in life sciences, software, and deep tech, establishes LumaCina business unit under Bridgewest Perth Pharma in Perth, Australia. The newly created business leverages the acclaimed team and production facility recently acquired by Bridgewest Group from Pfizer (Perth) Pty Ltd, a subsidiary of Pfizer, Inc., plus the addition of newly expanded capabilities, most notably, R & D. LumaCina will commercialize sterile injectable drugs in global markets and is actively expanding its portfolio through increased production under LumaCina branding.

ÔÇ£Our recent acquisitions in Australia are a reflection of the importance we place in meeting the growing demand for high quality pharmaceuticals, both regionally, and globally. LumaCina increases our ability to help healthcare professionals readily access quality sterile injectable medicines when they need them," said Jon Kafer, President LumaCina

Jon Kafer has been appointed President of LumaCina. He also serves as Chief Commercial Officer of Bridgewest Perth Pharma Pty Ltd, a subsidiary of Bridgewest Group. “Our recent acquisitions in Australia are a reflection of the importance we place in meeting the growing demand for high quality pharmaceuticals, both regionally, and globally. LumaCina increases our ability to help healthcare professionals readily access quality sterile injectable medicines when they need them. At present about 95% of our production stays in the Australia/New Zealand region, but our growth will soon change our reach,” says Kafer.

“We view our role in the industry as a value creator. We tap our intrinsic entrepreneurial spirit, pumping in resources and forward-looking technology, while keeping customers close. We’re building on the 20-year Pfizer Perth legacy to bring forth new jobs, increased product availability, new injectable medicines and a grand vitality to a region poised to become a global leader,” says Masood Tayebi, Co-Founder and Chief Executive Officer of Bridgewest Group.

Initially, LumaCina will commercialize a select portfolio of sterile injectable drugs for customers previously served by Pfizer, before Bridgewest Group’s acquisition of the Perth facility.┬á”We’re already in conversations with pharma companies discussing licensing opportunities to bolster our portfolio. Our stellar regulatory history across multiple regulatory agencies in many countries enables us to market products to areas where drug developers have not yet obtained licensing, adding significant value for several companies,” said Kafer.

About LumaCina

LumaCina is a fully integrated global supplier of sterile injectable pharmaceutical drugs located in Perth Australia. The team and the facility have a 30-year history of producing high quality injectables with supply reliability and an exemplary regulatory record, most recently under the ownership of Pfizer (Perth) Pty Ltd. LumaCina is investing in technology, equipment, and expanded capabilities including R & D, growing a robust pipeline across its portfolio of essential injectable medications, spanning high potency, blow fill seal and multi format vials. LumaCina is a Bridgewest Group Portfolio Company.

About Bridgewest Group

Bridgewest Group is an innovative and privately held global investment firm with over $3B in private capital. Founded in 1999, the global firm has earned a long-standing reputation for creating and scaling transformational businesses to achieve outsized success. Bridgewest Group leverages its expertise and global eco-community in key sectors where it can have the greatest impact including Life Sciences, Software, Semiconductor and Artificial Intelligence/Deep Tech. Customized financial investment services and diverse real estate holdings augment equity assets and support portfolio companies as they grow. Bridgewest Group is based in the US, with investments primarily in the US, Europe, China, and Australasia.

US Media Contact: Jenny Bourbiel, jbourbiel@bridgewestgroup.com
Australia Media Contact: Ian Wisenberg, iwisenberg@bridgewestgroup.com

Bridgewest Group is recognized globally as an innovative private investor creating disruptive solutions that capitalize on the new-world knowledge-driven economy.The Group leverages their resources wherethey have deep-rooted sector experience, and where they can be most impactful.The vast majority of its investments are in Life Sciences, Software, Semiconductor and Artificial Intelligence (AI).By focusing on good people, strategic investing and world class mentorship,Bridgewest Group is fueling knowledge, innovation and empowerment, around the globe, for a better tomorrow.

Photo – https://mma.prnewswire.com/media/2062222/Bridgewest_Group_Jon_Kafer.jpg
Logo – https://mma.prnewswire.com/media/1850792/Bridgewest_Group_Logo.jpg

Cision View original content:https://www.prnewswire.com/apac/news-releases/bridgewest-perth-pharma-to-commercialize-sterile-injectable-drugs-under-lumacina-business-unit-301806268.html

SOURCE Bridgewest Group

Keep updated

Latest Releases

Latest News

AAPR aggregates press releases and media statements from around the world to assist our news partners with identifying and creating timely and relevant news.

All of the press releases published on this website are third-party content and AAP was not involved in the creation of it. Read the full terms.

AAP FactCheck

  • Information you can trust
  • Written by trained, experienced journalists using authoritative sources
  • Accredited by the International Fact-Checking Network (IFCN)

AAP FactCheck provides factual, authoritative information Australians can rely on. Accredited with the Poynter Institute's International Fact-Checking Network and adhering to the highest industry standards, our experienced team works to minimise the impact of misinformation.

AAP Photos

  • Award-winning Australian Photography
  • Editorial or Commercial use
  • Subscriptions or one-off licences

Image buyers from all industries rely on AAP Photos. A digital treasure trove of content depicting Australian life, our fully-searchable database contains millions of images from around the country and around the world.

AAPNews

  • News delivered to your inbox
  • Trusted, reliable and accurate
  • Corporate and individual packages available

AAPNews delivers newswire content direct to the public. Choose from a number of subscription models to not only gain access to high-quality fact-based news on your desktop or mobile device, but also to show your support for Australia's only not-for-profit newswire.

Newsroom

  • The wire – up to the minute news at your fingertips
  • Feeds delivered to your CMS
  • Agenda – AAP’s planning and events tool

Get the news feed your organisation needs, with AAP offering extensive coverage of news, courts, politics, sports, finance and the arts. Take advantage of AAP's partner content to get the international news that matters to your business, with news feeds delivered via multiple channels including API and FTP.