Valor Glass was announced in late July, in collaboration with Merck (NYSE:MRK) and Pfizer (NYSE: PFE), as a remarkable new glass technology. Valor Glass mitigates several longstanding issues with the performance of current pharmaceutical glass packaging and will be displayed in the InnoPack Zone, Stand No. 42G32.
Valor Glass offers benefits to both pharmaceutical manufacturers and to patients receiving injections because it:
- Offers superior chemical durability with low extractable concentrations, making Valor Glass containers ideally suited to eliminate delamination and protect drug products. Glass delamination can cause adverse patient events and lead to costly corporate recalls for drug manufacturers
- Resists damage and breakage during pharmaceutical processing and transit, as well as during in-home and clinical settings
- Prevents cracks that may lead to contamination, loss of sterility, or product recalls
- Substantially reduces particulate generation during bulk filling operations, thereby reducing the risk of particle contamination
- Enables smoother filling operations with fewer glass-related interventions
"We are excited to showcase Valor Glass for the first time at an industry event. The response from the industry and our customers since we announced Valor Glass in July has been exceptional," said Ron Verkleeren, general manager and vice president of Corning Pharmaceutical Technologies. "We are leveraging our expertise in glass science, optical physics, vapor deposition, precision forming, and extrusion to deliver a 21st-century glass to protect medicines."
Pharmaceutical and biologic manufacturers are encouraged to visit the Corning booth to learn more about Corning Pharmaceutical Technologies' portfolio. Corning representatives will be available to discuss more about Valor Glass' benefits and will conduct live Valor Glass demonstrations in the booth.
Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning's financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
Digital Media Disclosure
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated ("Corning") wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. The list of websites and social media channels that the company uses may be updated on Corning's media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company's SEC filings, press releases, conference calls, and webcasts.
About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 166-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramics science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.
Media Relations Contacts:
Investor Relations Contact:
Ann H.S. Nicholson