Precision Dose, Inc. Company Profile

Background

Founded in 2003 and headquartered in South Beloit, Illinois, Precision Dose, Inc. is a pioneer in the unit-dose pharmaceutical industry. The company specializes in the precise packaging of pharmaceutical products, offering a variety of oral medications in unit-dose cups, pre-filled oral syringes, and blister packs. Their comprehensive product line includes solutions, syrups, suspensions, tablets, and capsules, all meticulously packaged to ensure accurate dosages.

Key Strategic Focus

Precision Dose focuses on providing unit-dose pharmaceutical products, primarily targeting acute care markets, hospitals, and institutional sectors. Their product line features:

Custom-Molded Plastic Cups: Engineered for ease of opening, accurate dosage delivery, and compatibility with dispensing machines.

Individual Bar Coding: Each unit-dose cup, oral syringe, and blister card is bar-coded with its National Drug Code (NDC) number for precise tracking.

Quality Assurance: Rigorous release testing for chemical and microbial integrity, along with deliverable volume testing in accordance with USP standards.

Label Differentiation: Distinct label colors and layouts to enhance product identification and reduce medication errors.

Financials and Funding

While specific financial details are not publicly disclosed, estimates suggest that Precision Dose generates annual revenues between $10 million and $50 million. The company employs approximately 55 to 97 individuals.

Pipeline Development

Precision Dose maintains a robust pipeline of products in development, focusing on expanding their unit-dose offerings. They actively seek partnerships with Contract Development and Manufacturing Organizations (CDMOs), Contract Manufacturing Organizations (CMOs), and Contract Research Organizations (CROs), particularly in niche areas such as injectables.

Technological Platform and Innovation

Precision Dose's technological innovations include:

Proprietary Unit-Dose Packaging: Custom-molded plastic cups designed for user-friendly opening and accurate dosage delivery.

Advanced Quality Control: Comprehensive release testing protocols to ensure chemical and microbial integrity of products.

Automated Bar Coding: Implementation of individual NDC bar codes on all products to enhance tracking and reduce errors.

Leadership Team

Robert Koopman: President

Valerie Koopman: Vice President of Product Development

Dave Whipple: Vice President of Sales and Marketing

Chris Hoffman: Vice President of Sales and Marketing

Melissa Edge: Vice President of Procurement and IT

Mary Zieker: Vice President of Quality and Regulatory

Competitor Profile

Market Insights and Dynamics

The unit-dose pharmaceutical packaging market is experiencing growth due to increasing demand for accurate medication dosing and enhanced patient safety. Precision Dose operates within this expanding market, focusing on acute care and institutional sectors.

Competitor Analysis

Key competitors include:

Hikma Pharmaceuticals: Offers a wide range of generic and branded pharmaceutical products.

Sun Pharma: Develops generic prescription products in various dosage forms.

Torrent Pharmaceuticals: Manufactures a broad spectrum of pharmaceutical products.

Divis Laboratories: Specializes in developing processes for Active Pharmaceutical Ingredients (APIs) and intermediates.

Strategic Collaborations and Partnerships

Precision Dose has achieved significant growth through global partnerships, focusing on licensing, co-development, and ANDA acquisitions. They continue to expand their diverse product portfolio by collaborating with CDMOs, CMOs, and CROs, especially in niche areas including injectables.