Feb 21, 2008

Boost for Timestrip as pharma firms choose label


Timestrip's share price rose 3.6% this morning (21 February) after it said it had taken orders for its iStrip label from DHL Healthcare Logistics and distributors to pharmaceutical companies in the UK and North America.

DHL Healthcare Logistics will use the iStrip label in its cold chain logistics operations, following a pilot project last year.

The iStrip label monitors the temperature of sensitive products, such as medical vaccinations, during transportation, and undergoes an irreversible colour change when exposed to freezing temperatures

Timestrip said it would increase production with a European sub-contractor of the iStrip label for use at case and pallet level, following re-orders from distributors that were "modest" in value but "extremely encouraging".

The Hitchin-based firm also said it was close to finalising the manufacturing capability to produce a unit-level label for application to individual vaccine vials.

The firm said it was working with Seattle-based non-profit health organisation PATH to evaluate the use and distribution of the case-level iStrip in developing countries.
Source: packagingnews

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