Exhibit 21.1

SUBSIDIARIES OF THE REGISTRANT

NAME	JURISDICTION OF INCORPORATION OR ORGANIZATION
Patheon Finance LLC	Delaware, U.S.A.
Patheon P.R. LLC	Delaware, U.S.A.
Patheon Pharmaceuticals Inc.	Delaware, U.S.A.
Patheon Pharmaceuticals Services Inc.	Delaware, U.S.A.
Patheon U.S. Holdings Inc.	Delaware, U.S.A.
Patheon U.S. Holdings LLC	Delaware, U.S.A.
Patheon U.K. Pension Trustees Ltd.	England
Patheon U.K. Limited	England
Patheon France S.A.S.	France
Patheon Holdings S.A.S.	France
Patheon Italia S.p.A.	Italy
Patheon K.K.	Japan
Patheon B.V.	Netherlands
Patheon International Inc.	Ontario, Canada
CEPH International Corporation	Puerto Rico, U.S.A.
Patheon Puerto Rico Acquisitions Corporation	Puerto Rico, U.S.A.
Patheon Puerto Rico, Inc.	Puerto Rico, U.S.A.
Patheon International AG	Switzerland
Patheon Coöperatief U.A.	Netherlands
Patheon Banner U.S. Holdings Inc.	Delaware, U.S.A.
Banner Pharmacaps Inc.	Delaware, U.S.A.
Banner Pharmacaps (Canada) Ltd.	Alberta, Canada
Pharmacaps Mexicana S.A. de C.V.	Mexico
Gelcaps Exportadora De Mexico S.A. de C.V.	Mexico
Banner Pharmacaps Europe B.V.	Netherlands
Patheon Holdings Cyprus Ltd.	Cyprus