Sigachi Industries unveils PureCoat and UltraMod in new product lines

On August 20, 2024, Sigachi Industries, a key player in the pharmaceutical sector, introduced its latest products: PureCoat and UltraMod.

PureCoat is a new type of pharmaceutical film coating, while UltraMod consists of advanced polymer blends. These innovations are set to revolutionise the coatings industry by improving drug delivery, patient adherence, and overall effectiveness.

Sigachi’s move into the coatings market comes at a perfect time to take advantage of the industry’s growth. With its expertise in pharmaceutical formulations and advanced manufacturing facilities, the company is well-positioned to provide high-quality products that adapt to market demands.

PureCoat and UltraMod were created to tackle key issues in the pharmaceutical field, such as boosting drug stability and improving how well drugs are absorbed and used by the body.

Sigachi has set bold goals for its coatings business. In the next 3 years, the company aims to capture 16-18% of the Indian market, striving to achieve a substantial share of the market.

Commenting on the Announcement, Mr Amit Raj Sinha, MD and CEO of Sigachi Industries Ltd, stated, “The launch of PureCoat and UltraMod marks a significant milestone for us. To date, the cellulose range of excipients has formed part of the tablet’s core. The coatings part will also be included with the launch of the new range. Additionally, the customer base for these would be the same, making it better for the customers in terms of their excipients needs and the product range being offered by Sigachi. We are confident that these innovative products will revolutionise the coatings industry and provide immense value to our customers and patients.”

About Sigachi Industries

Sigachi Industries Limited is a well-known global pharmaceutical company listed on the NSE and BSE. It is dedicated to providing high-quality excipients, vitamin and mineral blends, APIs, and O&M services. With over 33 years of experience, Sigachi is a reliable partner for pharmaceutical and nutraceutical companies in more than 62 countries. The company operates 5 manufacturing facilities in Telangana, Gujarat, and Karnataka, which are certified to global standards like WHO GMP, EXCiPACT GMP, ISO, KOSHER, and HALAL.

On August 20, 2024, the share price of Sigachi Industries Ltd opened at ₹61.94, touching the day’s high of ₹62.55 as of 12:02 PM on NSE.

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