During the last 6 years, Torbay has been on a rapid growth journey that has seen an increasing demand for its commercial-scale sterile injectable fill/finish capabilities. The business supplies healthcare organisations and pharmaceutical companies throughout the UK and internationally.
NorthEdge’s investment will see Torbay strengthen its capabilities and significantly expand its reach in North America, while continuing to grow and invest in its 250-strong team at its UK headquarters in Paignton, UK.
Further North American market expansion offers a range of commercial opportunities for Torbay. To support this, the investment will facilitate the growth of Torbay’s team, greater automation of inspection and packaging processes and strengthen its plastic vial capabilities — ensuring Torbay is well-positioned to meet evolving regulatory requirements in both the US and Europe.
Torbay has also invested in a new high-speed filling line to support customer growth.
NorthEdge is backing CEO Emma Rooth, and a highly experienced management team, to deliver the exciting and ambitious growth plan.
Emma Rooth said: “From our earliest days supporting local hospitals, we have never lost sight of our primary goal, which is to create quality medicines that deliver the very best outcomes for patients. This commitment will continue to drive everything we do at Torbay."
“We went through an extremely thorough and robust process of selecting the right investment partner and chose to work with NorthEdge as we feel they have the perfect combination of life sciences experience and cultural alignment."
"We are very proud of the strong relationships we’ve developed with our customers and the flexible, can-do approach of our team, and we are excited to be working with a partner that shares our values and can help us accelerate our vision to connect patients, clinicians and customers with essential medicines around the world.”
Liz Davenport, Chief Executive at Torbay and Devon NHS Foundations Trust, comments: “We are justly proud of how Torbay Pharmaceuticals has grown from a backroom in Torbay Hospital in the 1970s to a sizable manufacturer. The company has constantly grown and innovated to deliver an increasing volume and range of medicines, while supporting local jobs and the NHS."
Ray Stenton, Managing Partner at NorthEdge, adds: “We are delighted to be supporting Emma and the Torbay team on the next phase of their journey. This investment will allow management to accelerate the growth of the business, which will further improve patient outcomes nationally and internationally."
“We understand the significance of this investment and take our responsibilities of growing the business in a sustainable way very seriously, ensuring Torbay remains an employer of choice in the region and continues to add value to its long-standing customers, as well as the local economy."
"We look forward to playing our part in growing another business of global significance from the UK regions, working with Emma and the team to build a better business, together.”
