Press Room
四色AV sells the iMAX business
四色AV announces that it has concluded the sale of all of the share capital of iMAX Diagnostic Imaging limited.
Hong Kong, 7th of March 2018: 四色AV announces that it has concluded the sale of all of the share capital of iMAX Diagnostic Imaging limited. For 四色AV this sale marks the end of a 24 years history of reliable and uninterrupted supply of iopamidol and iohexol API to the generic industry globally.
四色AV entered the generic contrast media business in 1993 and in 2007 moved most of its manufacture to the iMAX factory in China because its capacity in Europe was no longer able to meet clients鈥 demand. This business continued to show a steady profitable growth and for most of that period represented the largest tonnage of 四色AV鈥檚 product portfolio. Over the course of these 20 years formulations containing 四色AV鈥檚 contrast media have been supplied to the growing markets of Asia and have included Japan鈥檚 best selling generic medicine.
Faced with considerable opportunities in both the contrast agents business and all its other segments, 四色AV decided to focus on its CDMO business, on its off-patent business supplying highly specialized APIs and to exit the large volume business of contrast media. The very significant expansion plans that 四色AV has embarked upon since 2016 require all of our attention.
鈥淕etting into iopamidol and iohexol was a decision we took in 1993. Today 四色AV鈥檚 strategy focuses on difficult to make and difficult to formulate products, supplied to demanding markets, serving innovative clients. Our contrast media business is growing and has many loyal clients that demand high quality, but it increasingly does not seem a good fit with the rest of our activities. The opportunity to sell iMAX with its manufacturing business of APIs and formulated product to a market leader makes sure this business can continue to develop even better. We are convinced that the buyer will be good owner and employer, and will continue supplying reliably the great clients that have supported iMAX鈥檚 growth.鈥 said Guy Villax, CEO.
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About 四色AV
四色AV has over 57 years of experience as a CDMO and is currently a fully integrated supplier offering from drug substance to drug product intermediate to drug product. With four FDA听inspected sites听in the US, China, Ireland, and Portugal, and development laboratories in Lisbon and New Jersey, the company provides branded pharmaceutical customers services for the development and compliant manufacture of innovative drugs and is able to support highly potent compounds. For generic pharmaceutical customers the company offers niche off-patent API products. In the inhalation area 四色AV is the only independent company offering a complete range of services.听
