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MarketScreener Homepage  >  Equities  >  Nyse  >  Emerson Electric Co.    EMR

EMERSON ELECTRIC CO.

(EMR)
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Emerson Electric : and Integra CMS Collaborate to Accelerate Adoption of Continuous Pharmaceutical Manufacturing

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09/17/2020 | 10:05am EDT

AUSTIN - Emerson, a global manufacturing software and technology leader, has signed a joint commercialization agreement with Integra CMS, a specialty consulting company focusing on specification and implementation of continuous pharmaceutical manufacturing systems, to provide comprehensive technologies and services for continuous processes.

The two companies aim to quicken adoption of continuous manufacturing processes throughout the industry.

Continuous manufacturing reduces costs and improves the quantity, quality and reliability of pharmaceutical manufacturing compared to traditional batch manufacturing methods. Continuous processes are complex, however, and require specialized expertise, which contract manufacturers and makers of over-the-counter and generic drugs, ingredients and supplements often lack. Emerson and Integra CMS bring deep knowledge and practical experience to provide customers with end-to-end support, from process design to regulatory approval.

'Many companies that are interested in implementing continuous manufacturing systems have relatively little experience in the use of process engineering methods,' said Fernando Muzzio, president of Integra CMS and director of C-SOPS. 'Emerson's extensive toolbox and worldwide presence provides a foundation of technology on which we can deliver end-to-end support in selection, implementation and optimization of the formulation and the process to customers anywhere in the world.'

Integra CMS will apply its unique understanding of continuous manufacturing and the technology integration process to define requirements, process parameters, and materials specifications, while Emerson will oversee project management, helping customers select, design and implement automation systems. Emerson's global engineering and large installed base of advanced life sciences technologies - including the DeltaV distributed control system and Syncade manufacturing execution system - will facilitate faster global adoption of continuous manufacturing.

Emerson has supported the pioneering development of continuous manufacturing technology at Rutgers University's Engineering Research Center for Structured Organic Particulate Systems (C-SOPS) over the last ten years. In 2015, Rutgers University licensed Integra CMS to develop, practice, and commercialize advanced continuous manufacturing services.

'The design of an integrated continuous manufacturing system and selection of the best equipment for each application requires a rare and deep scientific expertise,' said Xavier Marchant, vice president of life sciences at Emerson. 'Integra CMS through their thorough process understanding, their top network of global universities and their step-by-step approach have already helped many pharmaceutical manufacturers achieve their goals of maximum product quality at minimal cost. Emerson's advanced process control solutions are key to continuing to achieve these objectives.'

About Integra CMS

Integra CMS, a wholly owned subsidiary of Acumen Biopharma, is a New Jersey-based company pioneering continuous manufacturing processes for the wider drug industry. The company was founded in 2015 by Dr. Fernando Muzzio and in 2016, Integra completed a comprehensive know-how licensing agreement with Rutgers University to develop, practice, and commercialize advanced continuous manufacturing services, making them available and accessible to manufacturers on a wider scale.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure.

Contact:

Dave Baldridge

Tel: +1 314 982 7782

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials (USD)
Sales 2020 16 712 M - -
Net income 2020 1 782 M - -
Net Debt 2020 4 363 M - -
P/E ratio 2020 22,1x
Yield 2020 3,01%
Capitalization 38 718 M 38 718 M -
EV / Sales 2020 2,58x
EV / Sales 2021 2,53x
Nbr of Employees 88 000
Free-Float 62,3%
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 74,64 $
Last Close Price 64,79 $
Spread / Highest target 37,4%
Spread / Average Target 15,2%
Spread / Lowest Target 0,32%
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David N. Farr Chairman & Chief Executive Officer
Michael H. Train President
Steven J. Pelch Chief Operating Officer & Executive Vice President
Frank J. Dellaquila Chief Financial Officer & Senior Executive VP
Jake Fritz Chief Information Officer & Vice President
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