Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


PharmaZen notches strong increase in tough export market

PharmaZen notches strong increase in tough export market


3 April 2014 – Biotechnology company PharmaZen Ltd has reported a 38% increase in its annual surplus before tax of $739,114 for the year ended December 31, 2013, despite a challenging environment for exporters.

The result was on turnover of $6,998,599 and compares with a before tax surplus of $537,108 on turnover of $6,685,972 for the previous corresponding period.

Chief executive Craig McIntosh said it was a significant achievement in what was another challenging year for exporters.

He said PharmaZen had set very aggressive timetables for product and capability development as it looked for additional growth areas.

Last year saw the commercial launch of StimuCalä, a clinically proven calcium supplement.

“This is the first time the PharmZen has had branded material in retail markets and it is our first product with patent protection. StimuCalä is the only product on the market clinically proven not to cause spikes in calcium serum levels,” McIntosh said.

During the year, PharmaZen commissioned a state-of-the art fluidised powder blender enabling highly accurate blending at up to 1500kgs per batch.

McIntosh said the unit provided PharmaZen with a significant point of difference over competitors who had smaller, less-accurate ‘homogenizers’ and had already helped secure additional contract business.

After delays caused by a third party, the extraction plant will be commissioned this year and PharmaZen already has customer commitments for use.

“Frustrations that were outside our control with delays to the extraction project have prompted us to switch to a more self sufficient model and we have invested heavily in putting together a pilot plant that will be on a par with the best available in New Zealand,” McIntosh said.

“This provides a significant advantage as we will be able to offer pilot and scale up capacity across a range of technologies which will include spray drying, solvent extraction, freeze drying, and column separation. With this in mind we have bought a new 1000kg freeze dryer to cope with additional volumes and have an option on another larger unit.”

PharmaZen’s traditional freeze drying and vacuum drying technologies will be complemented in 2014 with the installation of a new Spray Dryer which opens up significant new product opportunities, McIntosh said.

“There is no doubt that exchange rates and margins will again prove challenging for 2014. However, through diversification of product range and increased capabilities, PharmaZen is well positioned.”

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news