Best API Supplier
When it comes to excipients and active ingredients, readers voted BASF Pharma Solutions as the best company for the job. It’s hardly a surprise, given that BASF is one of the leading manufacturers in the world in this field, with solutions for numerous applications including orals, topicals and parenterals, as well as a portfolio of biopharma ingredients and ingredients for improving solubilization. The company also boasts aglobal team of industry experts and digital solutions, such as the Virtual Pharma Assistants, to support customers in developing efficient, cost-effective and reliable formulations.
The company was founded in 1865 as Badische Anilin- und Sodafabrik in Mannheim, Germany. One of the company’s most famous innovations is PVP, which was first used as an additive in the textile industry due to its great affinity to dyes, and as a binder and thickening agent. However, by the end of 1940, BASF’s Kollidon PVP gained its first medicinal application as a synthetic blood plasma substitute.
Of note, the company has made major steps forward in terms of sustainability – and has even developed a digital tool that can provide transparency to customers about the carbon footprints of BASF products such as ibuprofen.
Global headquarters: Ludwigshafen, Germany
Production sites worldwide: 238
Number of employees: 111,047 (as of December 2021)
Sales revenue in 2021: €78.6 billion
Honorable mention: Dow
For the full list of winners, click here.