Supplement: Paragon Chemical: A China Connection

Paragon Chemical: A China Connection By Kathryn Ward Fereydon Abdesaken ARTICLE EXTRAS A Region Defined A Robust Support Infrastructure The infrastructure ECRI Laureate Pharma Quest Pharmaceutical Immunicon Fox Chase Cancer Center Morgan, Lewis & Bockius Covance Coriell InstaMed “Paragon” means “a model of excellence,” and Paragon Chemical Technologies, located just north of Philadelphia in Horsh

Jan 1, 2008
Kathryn Ward
Paragon Chemical: A China Connection
By Kathryn Ward
Fereydon Abdesaken

“Paragon” means “a model of excellence,” and Paragon Chemical Technologies, located just north of Philadelphia in Horsham, Pa., strives to be just that in its offerings of technology development, process development, custom manufacturing, and outsourcing to life sciences and chemical companies.

Paragon’s CEO is Fereydon Abdesaken. His twenty-year career with Philadelphia-based Rohm and Haas included an international business focus and several years in Italy. He worked in both R&D and manufacturing at that company, and in 1994, he embarked on a long association with reliable Chinese manufacturers. In 2003, along with his Rohm and Haas colleague Robert Rosen, Abdesaken founded Paragon in the Greater Philadelphia area to offer new customers his skills and experience in the Chinese and global markets.

“We provide three types of services,” Abdesaken says. “First is the consulting service: people contact us to help them develop technologies for the chemical industry, and to help them get information about the market for specific products. Second, companies come to us for manufacturing, to see if we can make a product using their technology somewhere else, where labor costs are lower than in the US and Europe. Third, we help companies find products that are in the marketplace, when they don’t know how or where to get the products.”

Paragon has grown substantially since its founding. “It took about two years for our company to really begin to grow,” says Abdesaken. “Our business picked up in 2005, and 2007 has been a tremendous year for us. We’ve had a multimillion dollar increase in our sales.”

He credits that growth in part to the company’s Greater Philadelphia location, pointing out, “There are a lot of pharmaceutical and chemical companies around us. This is why we are located where we are.” Paragon has also benefited indirectly from the assistance that organizations like the Ben Franklin Technology Partners give to start-up companies in the region. Abdesaken says, “The start-up companies receive funds, and because they don’t always have the resources to do things in-house, we can serve as an outsource for them.”