InsightfulValue
← Home
🚀 Sign up Free for Company Insights & Valuation!

Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!

Sign up free  

West Pharmaceutical Services
West Pharmaceutical Services

Pharma / Pharmaceutical packaging solutions

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
West Pharmaceutical Services is a leading global provider of innovative solutions for injectable drug administration. The company was founded in 1923 in Philadelphia, Pennsylvania and has since expanded to have a global presence with operations in North and South America, Europe, Asia, and Australia.
The company specializes in developing and manufacturing packaging, delivery systems, and diagnostic products for injectable drugs. This includes items such as syringe and cartridge components, closure systems, and self-injection systems. They also offer contract manufacturing services for pharmaceutical and biotechnology companies.
West Pharmaceutical Services is committed to providing high-quality, safe, and effective solutions for drug administration. Their products are used in a wide range of therapeutic areas including oncology, immunology, and diabetes.
In addition to their focus on product development and manufacturing, West Pharmaceutical Services also places a strong emphasis on sustainability and has implemented environmentally-friendly practices in their operations and product designs.
The company has a diverse workforce of over 9,500 employees and is dedicated to creating a positive and inclusive work environment. They also prioritize giving back to the community through their philanthropic efforts and involvement in various charitable initiatives.
Overall, West Pharmaceutical Services is a trusted partner for pharmaceutical and biotech companies, offering innovative solutions and a commitment to improving the global healthcare landscape.
What is special about the company?
1. Diverse Product Portfolio: West Pharmaceutical Services has a diverse product portfolio, offering a wide range of packaging components and delivery systems for injectable drugs, biologics, and vaccines. This enables the company to serve a wide variety of customers in the pharmaceutical and biotechnology industries.
2. Expertise in Drug Delivery Systems: West Pharmaceutical Services has a strong expertise in developing and manufacturing drug delivery systems, including syringe systems, auto-injectors, and wearable injector devices. This has helped the company to become a trusted partner for pharmaceutical companies looking for advanced and innovative solutions for drug delivery.
3. Global Reach: With operations in over 50 countries, West Pharmaceutical Services has a global reach and is well positioned to serve customers worldwide. This also provides the company with a diversified revenue stream, reducing its dependence on any single market.
4. Commitment to Quality and Innovation: West Pharmaceutical Services is committed to delivering high-quality products and services to its customers. The company invests heavily in research and development, with a focus on innovative solutions that improve the safety and efficacy of drug delivery.
5. Strong Customer Relationships: Through its dedication to customer service and collaborative approach, West Pharmaceutical Services has built long-term relationships with its customers. The company works closely with its clients to understand their needs and develop customized solutions for their specific products.
6. Sustainable and Socially Responsible Practices: West Pharmaceutical Services is committed to sustainability and has implemented various initiatives to reduce its environmental impact. The company also values corporate social responsibility, actively supporting communities through various philanthropic efforts.
7. Strong Financial Performance: West Pharmaceutical Services has a strong financial performance, with consistent revenue growth and profitability. This has enabled the company to invest in innovation and expand its global presence through strategic acquisitions and partnerships.
What the company's business model?
The West Pharmaceutical Services company is a leading global provider of innovative solutions for injectable drug administration and delivery. Their business model is focused on manufacturing and supplying packaging, delivery, and administration systems for injectable medicines, along with offering related services such as contract manufacturing, development and testing, and technical support.
They work with pharmaceutical and biotechnology companies to develop customized solutions that meet their specific drug delivery needs. This includes developing and manufacturing vial and syringe systems, stoppers, and other components for drug packaging, as well as safety systems for the safe administration of injectable medicines.
West also offers services such as contract manufacturing and device assembly, where they produce and assemble pharmaceutical packaging components for their clients, and contract packaging, where they provide packaging and labeling services for their clients' products.
Their business model is built on a foundation of innovation and customer collaboration, where they work closely with their clients to develop tailored solutions that meet their unique requirements. This approach has helped West become a trusted partner for pharmaceutical and biotechnology companies worldwide, with a strong focus on quality, safety, and compliance.
Interesting facts about the company
1. The West Pharmaceutical Services company was founded in 1923 by German immigrants Herman O. Schaefer and J. R. Pfleiderer in a small shed in Philadelphia, Pennsylvania.
2. The company was originally known as the West Rubber Products Company and specialized in manufacturing rubber products for the dairy industry.
3. In the 1940s, West Pharmaceutical Services shifted its focus to creating rubber packaging components for the pharmaceutical industry, which remains its primary business today.
4. In the late 1960s, the company introduced its Daikyo Crystal Zenith® technology, a glass-like plastic that is used in the production of syringes and other pharmaceutical packaging.
5. In 1970, West Pharmaceutical Services became a publicly traded company, listing on the New York Stock Exchange under the symbol WST.
6. Throughout the 1980s and 1990s, West Pharmaceutical Services expanded globally, opening manufacturing and distribution facilities in Europe, Asia, and Latin America.
7. In 2003, the company acquired the Medimop Medical Projects Ltd., an Israeli company specializing in drug delivery systems, further expanding its product portfolio.
8. In 2013, West Pharmaceutical Services acquired the pharmaceutical packaging business of Swiss company, Nypro Holding.
9. Today, West Pharmaceutical Services is a leading global manufacturer of packaging components and delivery systems for injectable drugs and healthcare products, with operations in over 50 countries.
10. The company has received numerous awards and recognition for its innovative technologies and commitment to sustainability, including being named one of the World’s Most Ethical Companies by the Ethisphere Institute for nine consecutive years (2012-2020).
See Company Due Diligence:

Wait! There's more — sign up for free or log in

© 2024 - 2025 InsightfulValue.com. All rights reserved. Legal