8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported) – January 15, 2009

________________________

WEST PHARMACEUTICAL SERVICES, INC.

(Exact name of registrant as specified in its charter)

_____________________

Pennsylvania	1-8036	23-1210010
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
101 Gordon Drive, PO Box 645, Lionville, PA		19341-0645
(Address of principal executive offices)		(Zip Code)

610-594-2900

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or address, if changed since last report)

____________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

On January 5, 2009, West Pharmaceutical Services, Inc. (the “Company”) issued a press release announcing that Company Management will be presenting at the Sidoti & Company’s Sixth Annual Palm Beach Emerging Growth Institutional Investor Forum in Palm Beach, Florida on January 15, 2009.  Donald E. Morel, Jr., Ph.D., Chairman & Chief Executive Officer will make the presentation and William Federici, Chief Financial Officer and Michael Anderson, Vice President and Treasurer will participate.

A copy of the Company’s presentation from the conference will be available for 30 days through the Investors link at the Company’s website, http://www.westpharma.com and is also attached hereto as Exhibit 99.2.  A copy of the press release is attached hereto as Exhibit 99.1.  Both Exhibits are incorporated herein by reference.

The information in this report (including Exhibit 99.1 and 99.2) is being furnished pursuant to Item 7.01 Regulation FD and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

Item 9.01  Financials Statement and Exhibits

(d)	Exhibits
	Exhibit #	Description
	99.1	West Pharmaceutical Services, Inc. Press Release, dated January 5, 2009.
	99.2	West Pharmaceutical Services, Inc. Corporate Overview (Investor Presentation).

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WEST PHARMACEUTICAL SERVICES, INC.

John R. Gailey III

Vice President, General Counsel and Secretary

January 14, 2009

3

EXHIBIT INDEX

Description

99.1	West Pharmaceutical Services, Inc. Press Release, dated January 5, 2009.
99.2	West Pharmaceutical Services, Inc. Corporate Overview (Investor Presentation).

4

EX-99.1

EXHIBIT 99.1

Contacts:	Investors and Financial Media:
West Pharmaceutical Services, Inc.	FD
Michael A. Anderson	Evan Smith / Theresa Kelleher
Vice President and Treasurer	(212)850-5600
(610)594-3345	wst@fd.com

WEST TO PRESENT AT UPCOMING CONFERENCES

LIONVILLE, PA, January 5, 2009– West Pharmaceutical Services, Inc. (NYSE: WST) today announced that management will be presenting at two upcoming conferences:

·   CJS Securities’ Ninth Annual “New Ideas for the New Year” Conference in New York City. The presentation is scheduled for 1:55pm on Wednesday, January 7, 2009.

·   Sidoti & Company’s Sixth Annual Palm Beach Emerging Growth Institutional Investor Forum in Palm Beach, FL.  The presentation is scheduled for 8:30am on Thursday, January 15, 2009.

These conferences will not be webcast. Copies of the Company’s presentation documents will be posted on the investor link of the Company’s website at www.westpharma.com.

In presentation documents and its commentary, management will address a broad range of topics, including the history of the Company, its businesses, markets, strategies and factors that have and may be expected to impact the Company’s financial results. Management will not provide any further information concerning 2008 operating results or 2009 expectations.  The Company expects to announce 2008 fourth quarter and annual results and to provide updated 2009 expectations in its press release and analyst call,  tentatively scheduled for February 19, 2009, the date and time of which will be confirmed by press release approximately one week in advance.

About West Pharmaceutical Services, Inc.

West Pharmaceutical Services, Inc. is a global manufacturer of components and systems for injectable drug delivery, including stoppers and seals for vials, and closures and disposable components used in syringe, IV and blood collection systems. The Company also provides products with application to the personal care, food and beverage markets. Headquartered in Lionville, Pennsylvania, West Pharmaceutical Services supports its partners and customers from 50 locations throughout North America, South America, Europe, Mexico, Japan, Asia and Australia. For more information, visit West at www.westpharma.com.

EX-99.2

Donald E. Morel, Jr., Ph.D.

Chairman and Chief Executive Officer

William J. Federici

Vice President and Chief Financial Officer

Investor Relations Contact:

Michael A. Anderson

Vice President and Treasurer

mike.anderson@westpharma.com

Sidoti & Company LLC

6th Annual Palm Beach Emerging Growth Institutional Investor Forum

January 15, 2009Palm Beach, FL

NYSE: WST

westpharma.com

All trademarks and registered trademarks are the property of West Pharmaceutical Services, Inc., unless noted otherwise.

Certain statements in the following slides and certain statements that may be made by management of the Company orally during this presentation
contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, that are based on management’s plans and assumptions.Such statements give our current expectations or
forecasts of future events; they do not relate strictly to historical or current facts. We have tried, wherever possible, to identify such statements by using
words such as “estimate,” “expect,” “intend,” “believe,” “plan,” “anticipate” and other words and terms of similar meaning in connection with any
discussion of future operating or financial performance or condition.

We cannot guarantee that any forward-looking statement will be realized. If known or unknown risks or uncertainties materialize, or if underlying
assumptions are inaccurate, actual results could differ materially from past results and those expressed or implied in any forward-looking statement.
You should bear this in mind as you consider forward-looking statements. We undertake no obligation to publicly update forward-looking statements,
whether as a result of new information, future events or otherwise.

Important factors that may affect future results include, but are not limited to, the following: Revenue and profitability:ales demand and our ability to
meet that demand; competition from other providers in the Company’s businesses, including customers’in-house operations, and from lower-cost
producers in emerging markets, which can impact unit volume, price and profitability; customers’ changing inventory requirements and manufacturing
plans that alter existing orders or ordering patterns for the products we supply to them; the timing, regulatory approval and commercial success of
customer products that incorporate our products, including the availability and scope of relevant public and private health insurance reimbursement for
prescription products, medical devices and components and medical procedures in which our customers’ products are employed or consumed;
average profitability, or mix, of products sold in any reporting period; maintaining or improving production efficiencies and overhead absorption; the
timeliness and effectiveness of capital investments, particularly capacity expansions, including the effects of delays and cost increases associated with
construction, availability and cost of capital goods, and necessary internal, governmental and customer approvals of planned and completed projects,
and the demand for goods to be produced in new facilities ; dependence on third-party suppliers and partners, some of which are single-source
suppliers of critical materials and products, including our Japanese partner and affiliate Daikyo Seiko, Ltd.; the availability and cost of skilled employees
required to meet increased production, managerial, research and other needs of the Company, including professional employees and persons employed
under collective bargainingagreements; interruptions or weaknesses in our supply chain, which could cause delivery delays or restrict the availability
of raw materials and key bought-in components and finished products; raw-material price escalation, particularly petroleum-based raw materials, and
our ability to pass raw-material cost increases on to customers through price increases; and, claims associated with product quality, including product
liability, and the related costs of defending and obtaining insurance indemnifying the Company for the cost of such claims; the cost and progress of
development, regulatory approval and marketing of new products as a result of the Company’s research and development efforts; the defense of self-
developed or in-licensed intellectual property, including patents, trade and service marks and trade secrets; dependence of normal business operations
on information and communication systems and technologies provided, installed or operated by third parties, including costs and risks associated with
planned upgrades to existing business systems; the effects of a prolonged U.S. and global economic downturn or recession; the relative strength of the
U.S. dollar in relation to other currencies, particularly the Euro, British Pound, and Japanese Yen; changes in tax law or loss of beneficial tax incentives;

the conclusion of unresolved tax positions inconsistent with currently expected outcomes; the timely execution and realization of savings anticipated by
the restructuring plan for certain operations and functions of The Tech Group, announced in December 2007; significant losses on investments of
pension plan assets relative to expected returns on those assets, will, if sustained through year-end, result in significantly higher pension expense in
2009 and increase the Company’s pension funding obligations; and, other risks and uncertainties detailed in West’s filings with the Securities and
Exchange Commission, including our annual report on Form 10-K for the year 2007 and our periodic reports on Form 10-Q and Form 8-K.You should
evaluate any statement in light of these important.

Forward Looking Statements

Who We Are

•Founded in 1923

•Global Headquarters near
Philadelphia

•Market capitalization $1.2 billion

•World’s premier manufacturer
of components and systems
for injectable drug delivery

–Closure systems and prefillable
syringe components

–Components for disposable systems

–Devices and device sub-assemblies

–Safety and administration systems

•Stability/efficacy/shelf life

•Safety; “Quality by Design”

•Time to market

•Component selection

•Reconstitution

•Safety (needles and
exposure)

•Convenience/Compliance

•Dosing accuracy

•Ease of use

•Compliance

•Convenience

DRUG PACKAGING

DRUG PREPARATION

DRUG ADMINISTRATION

What We Do

Production
Patient

West’s products and innovations address these needs

West’s Competitive Advantage

•Global manufacturing footprint

•Unmatched experience/expertise: drug - material interface

–Global regulatory and technical support

•Protected IP: Proprietary materials and technology

•Regulatory barrier to entry:US NDA and ANDA filing must
include reference to all packaging/components in contact
with the drug

1.  West Drug Master File (DMF) 1546 is confidential

2.  West DMF includes functionality data (multi-year studies)

    3.  All primary package changes require new stability/functionality
                       studies for new filing

•Engineering expertise in high-volume manufacturing, assembly,
and vision inspection

Diverse, Stable Customer Base

Sales and Income from Continuing Operations
($ in millions)

South America

5%

North America

49%

Europe

42%

Asia/Pacific

4%

2008 Overview

•A challenging year

–Exubera, ESA packaging, diagnostic
component lost sales impact

–Commodity, currency market instability

–Global economic downturn

•Strong growth in core component sales

•Tech restructuring completed

•China plant construction underway

•Expansion programs on schedule/budget

Exubera is a registered trademark of Pfizer, Inc.

Market Dynamics Support Future Growth

•Increasing number of patients
with chronic illnesses

•Many of these are treated with
biologic drugs

•Biologic drugs demand ultra-
clean delivery systems

•Point of Care Shift: Hospital to
Specialty Clinic to Home

•Safe, accurate dosing needs
are pushing the market toward
integrating the container/
closure system into the delivery
system

•Generic growth

Source: Datamonitor

Oncology &Hematology

Auto-Immune
(RA, MS, AIID)

Diabetes/Insulin

Vaccines

Drug Packaging

(How it is contained)

Primary Container Solutions

Prefillable Syringe Systems

Drug Delivery

(How it gets into the patient)

Administration Systems

Advanced Injection Systems

Development

Primary Package

Administration

Our Growth Opportunities

Corporate Growth Strategy
Pharmaceutical Systems

•Primary Drug Packaging

–Enhance quality and value of components

–Lean manufacturing

•Innovative materials and systems

•Selective acquisitions

•Geographic expansion

Primary Drug Packaging

West FluroTec®
Components

Seal - - Stopper - Vial

Daikyo Crystal Zenith® Vials

Estimated Market Size - $1.5 billion

CAGR - - 4%

Source: Company estimate for vial systems only

West Spectra™ Seals

Crystal Zenith is a registered trademark of Daikyo Seiko, Ltd.

FluroTec and Crystal Zenith technologies are licensed from Daikyo Seiko, Ltd.

Building Value in the Drug Packaging market

Uncoated 4432/50 V35

$50

$200

4432/50 S2 FluroTec®
Westar RS

$250

4432/50 S2 FluroTec®Westar RS B2-40 Port Bag

$300

4432/50 S2 FluroTec®Westar® RS B2-40
(1000 packs)

$465

4432/50 Sterile S2 W
(RU) Ready Pack(1000 packs)

$2,900

RU Ready PackSystem
(small volume sourcing only)

$3,500

$360

Corporate Growth Strategy
Pharmaceutical Systems

•Primary Drug Packaging

–Enhance quality and value of components

–Lean manufacturing

•Innovative materials and systems

•Selective acquisitions

•Geographic expansion

–Capacity build - Europe, Singapore, North America

–China Plastics

–India Rubber site selection

Europe Plant Investments

LeNouvion
plant

LeNouvion
clean room

Eschweiler
molding

Eschweiler plant

Eschweiler, Germany

Compression molding facility

LeNouvion, France

Compression molding facility

Europe Plant Investments

Kovin plant

Kovin packing area

Bodmin tool building

Bodmin, UK

Tool building facility

Kovin, Serbia

Compression molding facility

Bodmin plant

U.S. Plant Investments

Clearwater plant

Kinston plant

Kinston compounding
area

Clearwater
seal assembly

Clearwater, FL

Aluminum seal manufacturing

Kinston, NC

Compression
molding facility

China Expansion

China plant (rendering)

Suzhou, China

Precision injection
molding facility

Plastic Plant - Construction activities

India represents a significant growth opportunity

Two regions being evaluated:

Ahmedabad

Hyderabad

Broad generic infrastructure

Rapidly growing R&D

Strong biologics focus

Corporate Growth Strategy

•Tech Group - Safety and Administration
Systems

•Build market share in multi-component
systems for drug administration

•Expand proprietary product portfolio
through innovation and strategic
technology acquisitions

Safety and Administration Systems

Vial2Bag™

Mix2Vial®

MixJect®

Total Market - $1.5 billion

CAGR - - 11%

Source: Greystone Associates and Company estimate

Orion Safety
System

New Products
2009 - - 2013

Auto-injector System

Daikyo Crystal Zenith®

prefillable syringes

Daikyo Crystal Zenith® is a registered trademark of Daikyo Seiko, Ltd.

Critical Stability Issues for Biotechnology Drugs

•Aggregation

–Silicone, Tungsten, Glue, Mfg. Processing

•Adsorption - - vials and syringes

–Impacts potency of large molecules

•Immunogenicity/Neurogenicity

•Polysorbate 20 and 80

–Detergents used for mitigating aggregation

–Highly unpredictable

•Too much creates aggregation

•Potential for peroxide creation

Model antibody

Higher extent of aggregation in Glass compared to CZ

Daikyo Crystal Zenith®

Glass

•Generate organic growth

•Improve operating margin

•Continue investing for the future

–Innovation programs

•New product launches

–Geographic expansion: China, India

–Capacity Expansion: Europe, North America

–Information systems

–Selective technology/product acquisitions

•Maximize operating cash flow - tightly manage CapEx

•Maintain a strong balance sheet

Management Operating Priorities 2009

September Results
($ in millions, except per share data)

* 2008 diluted EPS from continuing operations excludes an $0.11 per share net gain on a contract settlement related to a discontinued
product line, a $0.05 per share impact of Tech restructuring charges and $0.09 per share of discrete tax benefits.

2007 diluted EPS from continuing operations excludes $0.18 of discrete tax benefits and an $0.18 unfavorable impact for Brazilian
social security, excise and other tax compliance issues.

Nine months ended September 30,

2008

2007

Net Sales

$806.3

$764.0

Gross Margin

28.9%

29.0%

Research and Development

14.8

11.5

SG&A

122.5

112.8

Income from Continuing Ops

68.3

65.2

Diluted EPS from Continuing Ops

$1.98

$1.86

Diluted EPS from Continuing Ops (Non-GAAP) *

$1.83

$1.86

Capital Management

($ millions, except %)

9/30/08

12/31/07

Total Debt

$ 382.5

$ 395.1

Total Capitalization

920.5

886.0

Debt to Total Invested Capital

41.6%

44.6%

Cash

$ 102.5

$ 108.4

Net Debt to Total Invested Capital

34.2%

36.9%

Year-To-Date Capital Spending

$ 88.2

$ 129.4

Summary

•Fundamental business drivers remain unchanged

•Long term growth opportunities intact

•Solid balance sheet

•Seasoned, experienced management team

–Incentives closely tied to growth in shareholder value

•Year end call Thursday February 199:00AM

Donald E. Morel, Jr., Ph.D.

Chairman and Chief Executive Officer

William J. Federici

Vice President and Chief Financial Officer

Investor Relations Contact:

Michael A. Anderson

Vice President and Treasurer

mike.anderson@westpharma.com

Sidoti & Company LLC

6th Annual Palm Beach Emerging Growth Institutional Investor Forum

January 15, 2009Palm Beach, FL

NYSE: WST

westpharma.com

All trademarks and registered trademarks are the property of West Pharmaceutical Services, Inc., unless noted otherwise.