Draft:KVK-Tech

KVK-Tech, Inc.
Company type	Private
Industry	Pharmaceuticals
Founded	2004
Area served	International
Products	Pharmaceutical
Services	Drug development and manufacturing
Website	www.kvktech.com

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Last edited by Qwerfjkl (bot) (talk | contribs) 100 seconds ago. (Update)

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KVK-Tech, Inc. is a pharmaceutical company based in Newtown, Pennsylvania. The company develops and manufactures generic and branded pharmaceutical products, primarily in oral solid dosage form.

History

KVK-Tech was founded in 2004. The company produces generic medications for a variety of conditions, including hypertension, diabetes, and attention-deficit/hyperactivity disorder (ADHD). In 2016, the FDA approved Lomaira (phentermine hydrochloride tablets USP, 8 mg), a low-dose formulation of phentermine for weight management in adults with a body mass index (BMI) of 30 kg/m² or more, or 27 kg/m² or more with at least one weight-related comorbidity such as hypertension or type 2 diabetes.^[1] In 2023, the company announced that Lomaira had been registered for sale in Mexico through a partnership with Medix.^[2]

In 2024, KVK-Tech stated that it had expanded its research and development (R&D) facilities to support the development of complex generics and drug delivery technologies.^[3]

Facilities and expansion

In 2023, KVK-Tech acquired a 200,000-square-foot facility in Newtown, Pennsylvania, previously operated by Lockheed Martin to increase manufacturing capacity and support additional research and development activities.^[4]^[5]

In 2024, the company announced a distribution agreement to introduce its products to the Canadian market.

Partnerships

In 2023, the company partnered with Sen-Jam Pharmaceutical to develop and distribute pharmaceutical products related to pain and inflammation.^[6]

Community programs

Since 2017, KVK-Tech has collaborated with the Council Rock School District in Bucks County, Pennsylvania, on science, technology, engineering, and mathematics (STEM) education programs.^[7] In 2024, the company began offering scholarships to local students pursuing STEM-related fields.^[8]

References

[1] ttps://www.bizjournals.com/philadelphia/news/2016/09/21/fda-approves-lomaira-kvk-tech-weight-loss-pill.html

[2] ttps://www.prnewswire.com/news-releases/kvk-techs-lomaira-has-successfully-completed-registration-in-mexico-through-its-partner-medix-302210092.html

[3] ttps://www.pharmaceuticalcommerce.com/view/kvk-tech-bolsters-r-d-to-tackle-complex-generics

[4] ttps://www.fiercepharma.com/manufacturing/kvk-tech-signs-agreement-of-sale-to-acquire-lockheed-martin-facility-newtown-pa

[5] ttps://www.fiercepharma.com/supply-chain/generic-drugmaker-snaps-up-lockheed-site-big-expansion-plans

[6] ttps://www.contractpharma.com/breaking-news/sen-jam-pharmaceutical-enters-strategic-partnership-with-kvk-tech/

[7] ttps://www.thereporteronline.com/2017/05/01/building-cognitive-connections-newtown-based-kvk-tech-inc-partners-with-council-rock-to-develop-the-next-generation-of-scientists/

[8] ttps://www.buckscountycouriertimes.com/story/news/2024/09/20/kvk-tech-scholarships-stem-students/75234567007/

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