PANATecs is overtaking the competition

During the first half of 2010, there was an above average increase in earnings and the number of employees also grew

03 August 2010

During the first two quarters of the 2010 business year, PANATecs succeeded in doubling its earnings relative to the previous year. The size of the team increased from 11 to 20 employees.

In the opinion of Dr. Benedikt Merz, the Managing Director of PANATecs, the most striking feature was the continuous increase in cooperative projects with large customers from the pharmaceutical and biotechnology industries.

As Dr. Merz put it: “GMP analysis has been added to our portfolio and we have also been awarded manufacturing authorization for test laboratories in accordance with §13 of the German Medicines Act. These two developments have made an important contribution to the increase in sales. Analytical services in the context of manufacturing authorization are extremely popular with our industrial customers. One example was the assumption of responsibility for CoA release by a Qualified Person from PANATecs.”
PANATecs is now involved in specific negotiations with large new potential customers, justifying optimism about expanding order books.

PANATecs GmbH
Vor dem Kreuzberg 17
72070 Tübingen

www.panatecs.com

If you wish further information about this announcement, please contact:
Petra Finkbeiner, PANATecs GmbH.
Tel: +49 7071-92058-18, pfinkbeiner@panatecs.com

PANATecs GmbH is a young and innovative service provider for the pharmaceutical, biotechnology and biotechnology industries. PANATecs employs high technology based on mass spectrometry to characterize the drugs of the future, which are to be used for the treatment of diseases which are difficult to cure. PANATecs has set itself the objective of becoming the market leader in service provision in protein analysis and will continue to expand its international business during 2010.
PANATecs is a spinoff from Tübingen University and celebrated its fifth birthday in 2009. PANATecs' team of highly qualified scientists supports technological progress in the life sciences industry.
The company is certified according to ISO 9001. Since March 2010, PANATecs has held the Manufacturing Authorization for Test Laboratories according to §13 of the German Medicines Act, including GMP certificate.

This release was published on openPR.