Tuesday, June 03, 2008

Business: Patheon announces Japanese subsidiary Patheon, K.K.

Toronto - /CNW-AsiaNet/ - Patheon Inc. (TSX: PTI), one of the world's leading pharmaceutical service providers, today announced the establishment of a Japanese subsidiary based in Tokyo, Japan.

Patheon K.K. will operate from a newly established business office located in the Nihonbashi district of central Tokyo and will support Patheon's business requirements in the region.

"This provides Patheon with a permanent presence in Japan to target new customers and support existing ones in Japan and other Asian markets. It demonstrates our commitment to build on our existing customer base in this very important region," said Wes Wheeler President and Chief Executive Officer, Patheon Inc.

"Patheon's growing number of development projects in Asia, particularly Japan, has highlighted the need to establish a physical presence in this key market to more efficiently support and service our valued customers in the region."

Local staff will be added to the Tokyo office to fulfill the Company's growing Asian business development and service support requirements.

ABOUT PATHEON

Patheon (TSX:PTI; www.patheon.com) is a leading global provider of drug development and manufacturing services to the international pharmaceutical industry. Patheon operates a network of 10 manufacturing and six development facilities in the United States, Canada and Europe, employing more than 4,700 people and serving a customer base of 270 pharmaceutical and biotechnology companies.

Caution Concerning Forward-Looking Statements
This news release may contain forward-looking statements which reflect management's expectations regarding the Company's future growth of operations, performance (both operational and financial) and business prospects and opportunities. These statements are made in the context of the risks and uncertainties that are outlined in the Company's public documents, which can be accessed on our website at www.patheon.com or on SEDAR at www.sedar.com.

SOURCE: Patheon Inc.
CONTACT: Mr Wes Wheeler Chief Executive Officer and President
Tel: (905)812-2112
Email: wes.wheeler@patheon.com
Mr Terry Novak President North American Operations and Chief Marketing Officer
Tel: (862)207-1262
Email: terry.novak@patheon.com
Mr Andrew Davis Senior Business Development Manager, Asia Pacific
Tel: 1-858-610-8476 (mobile)
Email: andrew.davis@patheon.com
Ms. Jean Treadwell Investor Relations
Tel: (905)816-8344
Email: jean.treadwell@patheon.com

No comments: