Navigation Links
DFB Sells Coria Labs to Valeant Pharmaceuticals
Date:9/17/2008

FORT WORTH, Texas, Sept. 17 /PRNewswire/ -- H. Paul Dorman, Chairman and Chief Executive Officer of Fort Worth-based DFB Pharmaceuticals, Inc., today announced that DFB has signed a definitive agreement to sell its dermatology division Coria Laboratories, Ltd. to Valeant Pharmaceuticals International (NYSE: VRX).

Under the terms of the agreement, Valeant will purchase all of the outstanding shares of Coria from DFB Pharmaceuticals, Inc., and other shareholders for $95 million, subject to certain adjustments. The transaction is expected to close following the required approval under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended.

"This merger is an exciting milestone in the evolution of the Coria business," said Mr. Dorman. "Valeant has a commitment to the development and growth of its dermatology business, making it the ideal fit for Coria and its talented workforce here in Fort Worth as well as the field based sales representatives across the country. We see the combination of Coria with Valeant's financial strength as a way to maximize the past success of Coria and provide an outstanding platform to create a leading dermatology franchise."

The Coria transaction will add several marketed dermatology products to Valeant's portfolio, including the CeraVe(R) Skin Care Line, Cloderm(R) Cream for the treatment of dermatoses, Akne-Mycin(R) and Atralin(TM) for the treatment of acne, and Salex(R) for the treatment of hyperkeratotic skin disorders, as well as Tetrix(TM) Cream for the treatment of hand dermatitis which is expected to be launched later this year. In addition, Coria has several products under development, including line extensions for the CeraVe(R) brand product line.

Coria Laboratorie
'/>"/>

SOURCE DFB Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. HealthSonix Sells Operating Subsidiaries to Innovative Health Sciences
2. AEterna Zentaris Sells Quebec City Building for $7.1 million
3. VaxGen Sells Anthrax Vaccine Program and Related Assets and Technology to Emergent BioSolutions, Inc.
4. Cell Therapeutics, Inc. Sells $64.5 million Units Consisting of Preferred Stock, New 2014 Convertible Senior Notes and Warrants to a Single Institutional Investor
5. CuraGen Sells Ownership of Belinostat to TopoTarget A/S
6. ActivBiotics Sells Proprietary Assets, Including Drug Product Candidates
7. Exelixis Sells 80% Stake in Artemis to Taconic
8. Discas, Inc. Sells Shares to SNX Organic Fertilizers, Inc.
9. Quark Pharmaceuticals Announces Poster Presentations at RNAi Europe 2008
10. Cequent Pharmaceuticals Meets Novartis Option Fund Milestone; Continues to Next Phase to Validate Inflammatory Bowel Disease Targets in Vivo
11. David Hsia, Ph.D. Joins Kinex Pharmaceuticals Board of Directors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... Nobel laureate Herbert Kroemer famously observed, referring to ... junctures where layers of different materials meet. In ... layers of metal oxides are becoming increasingly prominent, ... high-temperature superconductors, ferroelectrics and multiferroics. Realizing the vast ...
(Date:1/15/2014)... The Pittcon Organizing Committee is pleased to ... Tech , an e-Journal and producer of Food ... second year for the co-location of Food Labs Conference to ... that the registration fee to attend the two-day Food Lab ...
(Date:1/15/2014)... 2014 Look inside the new Preferred ... the lab, from fluid handling to instruments to supplies. ... when you order. , Preferred Solutions features a ... the L/S® model for precise flow control and dispensing ...
(Date:1/15/2014)... and SAN JOSE, California , January 15, ... developing antibody-drug conjugates for cancer, today announced the appointment of ... Dr Reynolds has over 20 years, development experience gained in ... Seattle Genetics. "I am delighted to welcome Tom ...
Breaking Biology Technology:A deeper look at interfaces 2Pittcon Announces Second Year Partnership With Food Safety Tech 2Pittcon Announces Second Year Partnership With Food Safety Tech 3Cole-Parmer Begins 2014 with the Release of Preferred Solutions 2Oxford BioTherapeutics Appoints Thomas C Reynolds MD, PhD to its Board of Directors 2Oxford BioTherapeutics Appoints Thomas C Reynolds MD, PhD to its Board of Directors 3
... Materials Research Science and Engineering Centers (MRSECs) awarded ... (solicitation NSF 07-563). , MRSECs support outstanding ... fundamental problems in science and engineering. These centers ... and level of interactions provided by a center. ...
... 3 /Xinhua-PRNewswire-FirstCall/ --,Pharmaceutical company Pharmaxis (ASX: PXS, NASDAQ: ... from its respiratory disease,program at the 2008 European ... the 4th to the 8th October. The ERS ... and clinicians to hear latest,advances in clinical diagnosis ...
... SyntheMed, Inc. (OTC,Bulletin Board: SYMD) announced today ... assumed the newly-created position of Executive,Chairman and Gere ... advisors,has assumed the newly-created position of Medical Director. ... involved with strategic,planning, external communications and Board leadership ...
Cached Biology Technology:NSF awards 14 materials research science and engineering centers 2Pharmaxis Research Programs Highlighted at European Respiratory Society Congress 2Pharmaxis Research Programs Highlighted at European Respiratory Society Congress 3SyntheMed Announces New Management Appointments 2
(Date:7/10/2014)... Cancer Research Centre (CNIO) Macromolecular Crystallography Group has ... called BuD to DNA in order to redirect ... researcher who led the study, says the discovery: ... instructions contained in the genome to treat genetic ... is published in the journal Acta Crystallographica, ...
(Date:7/10/2014)... natural-color satellite image was collected by the Moderate Resolution ... 10, 2014. Each hot spot, which appears as a ... on the MODIS instrument recognized temperatures higher than background. ... image, such hot spots are diagnostic for fire. ... little danger coming directly from the fires, although the ...
(Date:7/10/2014)... (July 10, 2014) Consuming a whole fresh avocado ... significantly enhanced provitamin A carotenoid (alpha- and beta-carotene) absorption ... of vitamin A, according to new research (1) ... , Vitamin A is involved in reproductive ... function, and vision; and has antioxidant properties. Provitamin A ...
Breaking Biology News(10 mins):CNIO scientists develop technology to redirect proteins towards specific areas of the genome 2New research: Fresh avocado enhances absorption of essential nutrients for healthy living 2
... Fairbanks, Alaska -- As the Arctic warms, greenhouse gases ... significantly higher levels than previous estimates, according to survey ... 30 issue of the journal Nature. Permafrost thaw ... deforestation, say the authors, but the effect on ...
... of North Carolina at Chapel Hill have shown that it ... an effort to create the ultimate vehicle for gene therapy. ... side effects from using a "chimeric" virus to deliver replacement ... dystrophy. "This trial demonstrates that gene therapy is no ...
... , MONTREAL, November 30, 2011 Take a Petri dish ... distinctive of the toxins that make up the fossil fuel. ... sit for two weeks in an incubator, and surprise, the ... petroleum!" says Mohamed Hijri, a professor of biological sciences and ...
Cached Biology News:Abrupt permafrost thaw increases climate threat 2Clinical trial for muscular dystrophy demonstrates safety of customized gene therapy 2Petroleum-eating mushrooms 2Petroleum-eating mushrooms 3Petroleum-eating mushrooms 4
... System creates isogenic cell lines all ... the protein of interest. This homogeneous ... (click link below). In this experiment ... (CAT) was subcloned into pcDNA5/FRT and ...
Fast, sensitive quantitation of total MEK 1/2 concentration....
... for 50 L samples. Operating head automatically rises at the end of determination; triple-point calibration verification; refrigerator ... ... ... ...
SHEEP ANTI ESCHERICHIA COLI...
Biology Products: