LTS completes its entry into large molecule drug delivery with the acquisition of the Sorrel wearable injection device business

With the acquisition, Sorrel will become part of the worldwide network of LTS and operate as a new LTS division named LTS Device Technologies. Dr Andrei Yosef has been appointed as President and General Manager of LTS Device Technologies. With the acquisition, Sorrel will become part of the worldwide network of LTS and operate as a new LTS division named LTS Device Technologies. DrAndrei Yosefhas been appointed as President and General Manager of LTS Device Technologies. Bas van...

With the acquisition, Sorrel will become part of the worldwide network of LTS and operate as a new LTS division named LTS Device Technologies. Dr Andrei Yosef has been appointed as President and General Manager of LTS Device Technologies.

Bas van Buijtenen, CEO of LTS, commented: "The acquisition of our new Device Technologies platform catapults LTS into the world of drug delivery for large molecules, and fulfils our mission to bring empowering solutions to patients that rely on cumbersome and expensive therapies requiring in-clinic administration or multiple injections. The Sorrel solutions set a new standard for performance, quality, reliability, and patient convenience in wearable injection devices. The technology is now ready for commercial launch and will accelerate its scale-up within LTS, benefiting from LTS's global reach and reputation. We are excited to welcome Dr. Andrei Yosef and his talented team to our organization."

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About LTS

LTS LOHMANN Therapie-Systeme AG is a leading pharmaceutical technology company that develops and manufactures innovative drug delivery systems such as Transdermal Patches ("TTS") and Oral Thin Films ("OTF") for the pharmaceutical industry. LTS´ commercial offering encompasses more than 20 marketed products and a diverse pipeline of more than 30 development projects targeting multiple disease indications. LTS's innovation pipeline contains both partner-funded as well as proprietary, LTS-funded projects. LTS maintains its leading position through the continuous refinement of its core TTS and OTF technologies and by advancing emerging drug delivery technologies, including Micro Array Patches (MAP) for the transdermal delivery of large molecule, biological actives. Founded in 1984, LTS operates today from three sites: in Andernach, Germany, West Caldwell, NJ, USA and St. Paul, MN, USA. LTS has also a representative office in Shanghai, China.

Contact: 
Dr. Iris Schnitzler 
iris.schnitzler@ltslohmann.com
+49 (0) 2632 99-0

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