Healthcare packaging in Puerto Rico

With Medical Device Puerto Rico set for Feb. 16-17, 2006, Healthcare Packaging will take a look at the healthcare packaging market in Puerto Rico in the next few issues. The two-day conference will be held at the new Puerto Rico Convention Center in San Juan. Sessions include Six Sigma & Lean Manufacturing, Managing FDA Inspections, New Medical Device Reporting Rules, and Commissioning & Qualification for Medical Device Manufacturers. At the same time and place is Interphex Puerto Rico, an event for pharmaceutical professionals involved in the development, validation, manufacture, and packaging of pharmaceuticals. U.S. firms in Puerto Rico (as of 2003) According to PRIDCO (Puerto Rico Industrial Development Company), the following United States firms have more than one medical equipment and supplies plant operating in Puerto Rico: Baxter Intl., Becton-Dickinson & Co., St. Jude Medical Puerto Rico, Lenscrafters, Inc., Stryker Corp., Johnson & Johnson, and Pearle Vision, Inc.

PRIDCO also reports that 64 plants operate in Puerto Rico in medicinal and botanical manufacturing, pharmaceutical preparation manufacturing, and in-vitro diagnostic substance manufacturing. Sixty-nine percent of them are subsidiaries of U.S. firms. Thirteen firms run at least one operation in Puerto Rico. They are: Johnson & Johnson, Bristol-Myers Co., Astra Zeneca PLC, Pharmacia Corp., Baxter Intl., Inc., Becton-Dickinson & Co., Cardinal Health Inc., Eli Lilly & Co., Procter & Gamble Co., Schering-Plough Corp., Warner-Lambert Co., Merck & Co., Inc., Pfizer Inc., and Wyeth.

Pharma market in Puerto Rico
A recent article in the Puerto Rico Herald said that nine major Puerto Rico drug manufacturers reported $24.3 billion in sales for the first quarter of this year. The newspaper reported that sales were flat compared with the fourth quarter of 2004, with profits down 4.2%. Some medicines manufactured and packaged in Puerto Rico showed considerable losses during this time period because of competition starting in 2004 from generics in the U.S. market. The best-selling pharmaceutical product from Puerto Rico is Pfizer's Lipitor.
More in Home