Pictured above: Phil Langford and Dr Qamar of Sterling
Pharmaceuticals
Sterling Pharmaceuticals Ltd, a brand new Birmingham based
pharmaceutical manufacturing company, are going from strength to
strength, winning contracts and developing new services following a
£150,000 Grant for Business Investment (GBI) from regional
development agency Advantage West Midlands.
Sterling is the brainchild of Dr Qamar Nawaz who spotted a
growing gap in the market for the manufacture of Pharmaceutical
oral liquids as licensed products and 'specials' formulations.
'Specials' formulations are specially formulated medicines designed
in liquid form for specific clinical needs of individual patients.
Due to the relatively small quantities, specific dosages &
specific skills mix required, large scale drug manufacturers find
it difficult to provide this service and hospitals and GP surgeries
don't have the equipment or expertise.
Sterling Pharmaceuticals is manufacturing and marketing oral
liquid products both as specials and licensed medicines and these
are supplied to wholesalers, distributors, NHS trusts and community
pharmacies. The company is also exploring the opportunity to
provide contract manufacturing services for 3rd party clients for
the manufacture of licensed products.
Currently Sterling has created 10 new jobs from contracts worth
over £300,000 and hopes to be offering more positions once
further contracts have been secured.
Dr Qamar Nawaz, CEO at Sterling Pharmaceutical Ltd,
said: "Sterling is a small company with big ambitions. It has
taken a lot of time and effort to get the necessary equipment,
staff and licences in place to get to the stage we are at for
offering pharmaceutical oral liquid products. Thanks to the GBI
grant from Advantage West Midlands we have been able invest in
plant to develop and test our products and services. It has allowed
us to target our initial specials medicines market successfully and
we now have almost £350,000 worth of contracts in place and
are currently negotiating to win further contract manufacturing
business from companies holding product licenses.
"We have been operational for almost a year now and have begun
work to expand our product portfolio with a double approach of
developing new products in house and acquisition of licenses from
other companies. We are confident that with our high tech
manufacturing facility, efficient work force, highly trained
management team and excellent service levels we will be among the
largest generic manufacturing companies in UK within five years.
Given the high standing of the UK 's Medicines and Healthcare
Products Regulatory Agency (MHRA) we have a number of overseas
companies talking to us about a variety of contracts that could see
us providing high quality branded medicines for their markets, in
some cases replacing Chinese and Indian suppliers".
Phil Langford, GBI Case Officer from Advantage West Midlands,
said: "Sterling Pharmaceutical Ltd is a great example of a company
formed from its founder's university derived skills, expertise and
knowledge. It is focused on a commercial need and succeeding
beyond the founder's expectations.
"Pharmaceuticals is currently a small, but growing, sector of
the region's economy and Sterling is a great example of enterprise
in this high value industry. Advantage West Midlands is keen for
young companies, like Sterling, to get the necessary business
support that will allow them to develop and succeed. The
£150,000 GBI is evidence of this commitment. By ensuring
there is help and support available we hope to encourage other
entrepreneurs to create new businesses and jobs, in line with the
West Midlands Economic Strategy.
"Qamar, Amar and the rest of the Sterling team can be proud of
what they have achieved in such a short amount of time. And
it is fantastic to see two West Midlands' graduates setting up shop
in the region."
For more information contact Tom Slater on 0121 503 3528 or
e-mail tomslater@advantagewm.co.uk