April 18, 2018
Microwave Chemical Co., Ltd.
Microwave Chemical Co., Ltd. to participate in Peptide CMO, to promote microwave process in pharmaceutical sector
“Notification of strategic investment in Peptistar”
Microwave Chemical Co., Ltd. (Headquarters: Suita-shi, Osaka-fu, President: Iwao Yoshino, hereafter MWCC) and PeptiStar Inc. (Headquarters: Settsu-shi, Osaka-fu, President: Kiichi Kubota, hereafter PeptiStar) have agreed that MWCC will invest in PeptiStar and introduce microwave process for peptide production.
PeptiStar is a pharmaceutical manufacturing contractor established with the support of major Japanese companies including PeptiDream Inc., Shionogi & Co., Ltd. and Sekisui Chemical Co., Ltd., and aims to consolidate various cutting-edge technologies including our microwave technology for the purpose of research, development, manufacture and sale of high-quality specialty peptide drug substances.
Our company, as previously reported in *1, entered into a joint development agreement with PeptiDream Inc. for the development of a commercial scale production of peptide, complying GMP *2(Good Manufacturing Practices and Quality Control Standards for Pharmaceuticals and Quasi-drugs) utilizing microwave process.
We believe this will be the first step to expand microwave process in the pharmaceutical industry.
*1: Press release on May 24, 2017. The first unit to promote joint development was completed this spring
*2: Abbreviation for Good Manufacturing Practice
Microwave Chemical is a venture company that develops original product manufacturing processes utilizing microwaves, and develops new materials that are difficult to manufacture with conventional technology. This technology can be applied to manufacturing processes in a wide range of fields such as pharmaceuticals, electronic materials, foods, and fuels, and the company is promoting joint development with various domestic and overseas manufacturers, and launching its own plant.