East Rutherford, NJ – Cambrex Corporation (NYSE: CBM, “Cambrex”) announced that the Medical Products Agency (MPA) of Sweden completed an inspection of Cambrex’s active pharmaceutical ingredient (API) manufacturing facility in Karlskoga, Sweden. The inspection found the site to be compliant with the principles and guidelines of Good Manufacturing Practice (GMP) and the site’s GMP certificate was renewed. The MPA authorities inspected the facility in September 2013.
Bjarne Sandberg, Managing Director of Cambrex Karlskoga AB commented, “We are extremely pleased with the results of this latest MPA inspection. The renewing of our GMP certificate demonstrates continuing dedication to outstanding regulatory compliance at Cambrex Karlskoga.” Cambrex commits significant resources and works diligently to maintain high quality standards and continuously improve quality platforms at all its facilities worldwide.
The entire Karlskoga facility and the quality systems used for the manufacture and release of APIs were subject to a detailed compliance inspection. This follows successful inspections of Cambrex Karlskoga AB made previously by the MPA in November 2010, which also resulted in a renewed GMP certificate and the US Federal Drug Administration (FDA) in January 2011.
Mr. Yanai joined Cambrex in November 2012 as its Non-Executive Vice Chairman and as a member of the Governance Committee. Mr. Yanai served from 2007 until mid-2012 as President and Chief Executive Officer of Teva Pharmaceutical Industries Ltd., during which time Teva increased revenues from $8.4 billion to approximately $20 billion. From 2003 to 2006, Mr. Yanai was the President and Chief Executive Officer of Makhteshim Agan Industries, a leading global agro-chemicals company. Mr. Yanai also served as a member of the Board of Directors of the Bank Leumi Le-Israel, Israel’s second largest bank, LycoRed Natural Products Industries and I.T.L. Optronics Ltd. Until his retirement from the Israeli Army in 2001 at the rank of Major General, Mr. Yanai was the head of the Strategy Planning Branch of General Headquarters of the Israel Defense Forces. Currently, Mr. Yanai is a member of the Board of Governors of Technion, the Israel Institute of Technology and the International Advisory Board, M.B.A. program of Ben-Gurion University. Mr. Yanai is also a member of the Board of Directors of Lumenis, Ltd., a publicly traded medical products company and an honorary member of the Board of The Institute for Policy and Strategy of the Interdisciplinary Center (IDC), Herzliya.