DANVILLE, Va.--(BUSINESS WIRE)--At the Institute for Advanced Learning and Research, the Southern Piedmont Technology Council’s Innovation STARS Awards Banquet Panaceutics was presented with the Small Business Innovation in Technology Award which recognizes a company that demonstrates excellence in technological innovation.
Panaceutics is disrupting the world of personalized therapies by breaking down the “one size fits all” barriers that limit the formulation, manufacturing, and delivery of personalized medicine and nutrition. In essence, they are eliminating the need for a person to take multiple pills daily with a combination of patented robotic manufacturing and software design.
The new era of personalized healthcare is built on a foundation of on-demand formulation, which enables stakeholders, such as healthcare systems, integrated delivery partners, pharmaceutical companies, and nutritional product manufacturers to provide personalized pharmaceutical poly therapies and clinical nutrition products to high volume populations with enhanced CGMP compliance and without the need for costly in-house infrastructure and associated overhead.
The Panaceutics platform scales to serve as a full-featured formulation solution or an extension of an existing facility and helps clients meet the needs of their largest healthcare populations with the ability to deliver the right drug, right dose and right combination, every time.
Yesterday, Virginia Governor Ralph Northam announced that Panaceutics will invest $5.8 million to establish a research and development and high-tech manufacturing facility in the Cane Creek Centre Industrial Park in Pittsylvania County. The project will create 70 new jobs.