The solution, Plastiward, will help tackle counterfeit medical devices.
"We have teamed up with SICPA SA to develop and launch Plastiward, a robust integrated protection for plastic pharmaceutical packaging for medical devices. The combined expertise will provide unique 'end-to-end' solution," Clariant said in a statement here.
According to the World Health Organisation, more than 8 per cent of the medical devices in circulation are counterfeit. Interpol estimates USD 75 billion counterfeit pharmaceuticals enter the market every year.
The mission of safe access to treatments remains a challenge to medical devices and pharmaceutical firms despite investments in fighting fakes. As it is well accepted that layers of security features are necessary, the unique features of Plastiward can help reinforce this approach, it said.
"Plastiward offers medical-device and pharmaceutical- packaging companies a two-in-one approach. It combines Clariant's track record in developing polymer compounds and masterbatches tailored to the unique requirements of clients in those sectors with SICPA's expertise in protecting brands and products," said Clariant Head of Global Segment Healthcare Polymer Solutions Steve Duckworth.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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