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Bora Pharmaceuticals Completes the Acquisition of Upsher-Smith

Upsher-Smith Receives Minnesota Governor’s Workplace Safety Award

Maple Grove, MN – May 30, 2024 – Upsher-Smith Laboratories, LLC (Upsher-Smith) today announced that it has been honored with a Governor’s Workplace Safety Award which recognizes excellence in occupational injury prevention. The award was presented during the 2024 Minnesota Safety & Health Conference held at the Mystic Lake Center on May 1, 2024.

Each year, the Minnesota Safety Council and its partners recognize and celebrate employees throughout the State of Minnesota for safety and health excellence in protecting its workforce from injuries, illnesses, and incidents through the Minnesota Governor’s Workplace Safety Achievement Awards Program. Upsher-Smith received the program’s highest honor – the Diamond Achievement Award – by achieving an incidence rate better than the 97th percentile of both the state and national average, demonstrating its outstanding performance in workplace safety.

As members of the Minnesota Safety Council, Upsher-Smith was among the 83 winners of the Diamond Achievement Award. Applicants are judged on several years of injury data as it compares with their industry’s national and state statistics, and on their progress in implementing a comprehensive safety program.

“We are honored to receive the Minnesota Governor’s Workplace Safety Award,” said Bob Green, Senior Director of Engineering, Upsher-Smith. “This is a tremendous honor for Upsher-Smith and underscores our unwavering commitment to prioritizing the safety and well-being of our employees. We are proud of our team’s dedication to fostering a culture of safety excellence, and we remain steadfast in our commitment to maintaining a safe and secure workplace environment.”

This year marked the first time Upsher-Smith applied for the award and reflects data from its new, 270,000 square-foot, state-of-the-art, manufacturing facility in Maple Grove, Minnesota. Plant C’s modern design allows for more spacious workspaces, better workflow, and fewer slip, trip, and fall hazards. There is also less manual handling of containers, reducing musculoskeletal disorders from overexertion. The new site will offer fully up-to-date packaging and serialization capabilities and will support contract manufacturing for third parties. To learn more, visit http://www.upsher-smith.com/plant-c.

About Upsher-Smith

Upsher-Smith Laboratories, LLC, now a member of Bora Group, is a trusted U.S. pharmaceutical company that strives to improve the health and lives of patients through an unwavering commitment to high-quality products and sustainable growth. The company brings brands and generics to a wide array of customers, always backed by its attentive level of service, strong industry relationships, and dedication to uninterrupted product supply. For more information, visit www.upsher-smith.com.

About Bora

Founded in 2007, Bora Pharmaceutical Co., Ltd. (“Bora” or “the Company”, 6472.TW) now is the largest pharmaceutical manufacturer in Taiwan with well-connected global distribution to supply more than 100 countries around the world. Headquartered in Taiwan, Bora has dedicated itself to becoming a global leader in pharmaceutical manufacturing by offering its clients the best quality, efficiency and reliability. For more information, visit https://bora-corp.com/.

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