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Colorcon announced the opening of a new Technical Service Laboratory at Ton Duc Thang University in Ho Chi Minh City, Vietnam. The new facility adds to Colorcon's worldwide support network and is dedicated to supporting customers and market growth in Vietnam.
The pharmaceutical market in Vietnam is forecast to expand in value from $4.7 billion in 2016 to an estimated $6.6 billion by 2020. An increasing elderly population, rising government support for the healthcare sector and the impending gains from the Trans-Pacific Partnership (TPP) are predicted to be the main drivers of growth for the Vietnamese pharmaceutical market during this period.
Mr.David Wei, General Manager, Colorcon South East Asia, states "opening this facility demonstrates Colorcon's continued commitment to the expanding pharmaceutical market in Vietnam, reducing our customer's time to market and making a positive contribution to their manufacturing quality and production efficiency. The investment highlights Colorcon's dedication to providing best-in-class products and services across the region".
Mr. Tri Nha Huynh, Colorcon Business Development Manager in Vietnam, explains "the new laboratory, is located at the Ton Duc Thang University, a leading university in Vietnam. This facility enables Colorcon to bring direct support to customers in the pharmaceutical and related industries, providing easy access to our specialist technical services and a quicker turnaround time for their projects, helping to bring local generic medicines faster to market".
Prof. Dr. Minh Duc Nguyen, Dean of Faculty of Pharmacy, Ton Duc Thang University, says "Colorcon's Technical Services Laboratory is a good symbol of the collaboration in education and research between Ton Duc Thang University and the industry, which helps to provide students professional knowledge and skills during their study and contribute to the research on high quality pharmaceutical solid dosage forms for the health of people"
The facility also provides the opportunity to extend the educational events offered through the Colorcon Academy, with resources to conduct Colorcon Coating Schools and Formulation Training Programs which will facilitate knowledge sharing and benefit individuals as well as their companies.
Glenn Russell, Technical Director, Colorcon Asia Pacific, explains "the new technical service laboratory will provide the opportunity for customers to work directly with Colorcon to expand their coating and formulation knowledge and conduct laboratory scale coating trials using the latest automated coating equipment, saving them valuable development time and cost.?
Colorcon's continuous investment in customer support is unmatched in the industry, and this additional facility brings the total number of Technical Service Laboratories around the world to twenty-one and is the sixth within Southeast Asia.