Prize Guidelines

The International Pharmaceutical Excipients Council of the Americas Foundation ("Foundation") has approved the following criteria and guidelines to be used in selecting recipients of its annual prizes. These guidelines shall be followed when selecting recipients of these IPEC Foundation awards.

The IPEC Foundation has approved the creation of various prizes to reward and encourage innovation and research into excipients, i.e., inactive pharmaceutical ingredients.

The Foundation intends to review of these guidelines annually. The Foundation will retain records of all expenditures and prizes distributed along with the application for the prize. The Board of Directors of the Foundation will determine each year how many prizes it intends to distribute. The Foundation will not grant the monetary portions of these prizes to disqualified individuals (as defined in the U.S. tax code for 501(c)(3) organizations).

Nominations for recipients of these awards shall be open to the public, and the Foundation will solicit the opinion of trade associates, pharmacy schools, companies, and others to help select worthy nominees.

The Foundation will hold an annual award ceremony where members of the Board of Directors will present the awards to the winners of the prizes. The Foundation will establish an Internet website that will provide information to the public regarding the awards, the nomination procedure, and the past winners.

The Foundation intends to award prizes annually. As the Foundation grows, the Foundation may establish more prizes.

Proposed prize recipients may be nominated by professors; counselors; faculty members at institutions of higher learning; members of the Foundation; and officials in the pharmaceutical or excipient industry.

The Foundation will establish for each prize the prize amount, the criteria for selection, the nomination process, and the selection process.