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3M Drug Delivery Systems and MicroDose Technologies Inc. Team Up to Bring Advanced Electronic Dry Powder Inhaler Technology to Market.

Publication: Business Wire
Publication Date: 19-JUL-04
Format: Online - approximately 735 words
Delivery: Immediate Online Access

Article Excerpt
ST. PAUL, Minn. -- Collaboration will Provide Fully Integrated Drug Delivery Solutions for the Pharmaceutical and Biotechnology Industries

3M and MicroDose Technologies Inc., a privately held drug delivery company based in Monmouth Junction, N.J., announced today that the two companies have entered into an exclusive co-development and joint marketing agreement. The collaboration will combine MicroDose's leading edge dry powder inhaler technology with 3M's global inhalation product development, formulation development (particle engineering and powder handling), and manufacturing capabilities. As part of the deal, 3M has invested $5 million for a minority equity position in MicroDose.

"Collaborating with MicroDose and its strong technology platform in dry powder inhalation will significantly enhance...

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