Stevanato Group enters an agreement with Corning for the supply of enhanced Valor(TM) glass,the superior quality material for packaging injectable drugs and biologics
Pharmaceutical customers will benefit from a breakthrough in pharmaceutical glass technology while patients will access safer medicines and vaccines.
Stevanato Group and Corning Incorporated (NYSE: GLW) are entering a new collaboration agreement focused on supplying Corning Valor™ Glass for storage and delivery of high quality parenteral packaging to the pharmaceutical industry.
Valor Glass’s superior chemical durability, strength and damage resistance features answer modern requests of drug formulations and drug manufacturing processes. Stronger, chemically durable packaging technology will allow to better protect drug products, including life-saving medicines.
Stevanato Group has been collaborating with Corning since 2011. Thanks to the agreement Stevanato Group will be able to combine its cutting edge glass converting technology with high purity glass, resistant to breakages providing more reliable access to medicines essential to public health.
Franco Stevanato, CEO of Stevanato Group, comments: “Stevanato Group and Corning have a shared commitment to innovation and bringing the highest quality pharmaceutical containers to the industry. Valor™ glass is well aligned with that shared commitment and we are delighted to be working together on it.”
About Stevanato Group
Founded in 1949, Stevanato Group is committed to create systems, processes and services that guarantee the integrity of parenteral medicines.
It comprises two operational divisions dedicated to serve the pharmaceutical industry: Pharmaceutical Systems with Ompi specialized in glass primary packaging and Balda, focused on specialty plastics and delivery devices; Engineering Systems with Spami, Optrel, InnoScan and SVM, specialized in glass processing, inspection systems, assembly and packaging solutions.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges.
Released July 26, 2017