Pharma Business Growing At Praxis

Macatawa Holdings LLC-Praxis (www.praxispackaging.com), Grand Rapids, MI, projects that pharmaceutical orders will account for 90% of its overall business in 2007. The pharmaceutical industry always has been a large portion of the company’s customer base, but this year pharmaceuticals sales are expected to exceed all previous years’ sales in this category by 20%.

The increase is attributed to Praxis’ involvement with new drug launches in conjunction with Food and Drug Administration approvals as well as to increased business in over-the-counter pharmaceutical packaging.

Company president Rick King says Praxis and its network of partners have developed a niche in patient starter kits for new drugs. Managing the starter kits from design and development through to production and fulfillment—it’s an often rapid process—is a key to Praxis’ success in this market, King adds.

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