LaGray Chemical Company based at Nsawam has won the 2009 Ghanaian Pharmaceutical Market Industry Innovation & Advancement Award Announced by Frost & Sullivan. LaGray Chemical Company, has received the 2009 Ghanaian Pharmaceutical Market Industry Innovation & Advancement Award at the 2nd Frost & Sullivan Africa Best Practices Awards Banquet held at the Hilton Sandton Hotel, Johannesburg, South Africa. The Awards Banquet was hosted to acknowledge the business talents, innovations and achievements of African-based companies over the past year. Among the categories in which awards were presented were Growth Strategy Leadership, Technology Leadership and Product Innovation. To merit an award, industry analysts compared market participants and measured performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry to vote the best candidates. The prestigious Frost & Sullivan Awards are recognized worldwide by the media, the investment community, and end-user markets. In an interview shortly after receiving the award, the Chief Executive Officer of LaGray, Dr. Paul Lartey, noted that, finding sustainable solution to the Healthcare issues in Africa has been the focus of the company since its inception and it was gratifying to be recognized with such a prestigious award. Award Description The Frost & Sullivan Award for Industry Innovation & Advancement is bestowed upon the company that has proven to be a leader in the industry and that, through its pioneering technology, sound business strategy, and research efforts, has been successful in moving the state of the industry forward. Its excellence in the field has extended beyond its technical advancements and encompasses a comprehensive view of market participants, resulting in an ongoing improvement in the industry over time. This Award recognizes the company for its broader, more comprehensive participation in the industry and for its contributions to the advancement of the market. For more information about the Frost & Sullivan Awards, visit http://www.awards.frost.com. About Company LaGray Chemical Company was established in 2001 and commercial production commenced in 2007 with a strong focus on pharmaceuticals for the treatment of endemic diseases. The Nsawam based company’s vertical strategy to fulfill in the complete value chain of pharmaceutical production (manufacturing APIs for the production of the complete products) has proven its innovativeness to grow in the Ghanaian Pharmaceutical Industry and to successfully expand in the remaining parts of West Africa. The company is one of the very few pharmaceutical manufacturers to have achieved the World Health Organisation (WHO) pre-qualification. For more information about LaGray Chemical Company, visit http://www.lagraychem.com Contact Information: Mawuli Ocloo #7 Koi St., Suite 2 Cita Hse, Osu Ako-Adjei Business Mobile: 024-4279368 / 027-264669 Email: mocloo@westpointconsulting.com