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Foamix Ltd. and Therapeutics Inc. Enter Into Joint Venture to Develop New Prescription Foams for Inflammatory Skin Diseases - Will Target Over 20 Million Psoriasis and Atopic Dermatitis Patients
Date:3/3/2010

REHOVOT, Israel, and SAN DIEGO, California, March 3, 2010 /PRNewswire/ -- Foamix Ltd., (Foamix), a leading developer of topical foams for dermatological and gynecological use, and Therapeutics Inc. (TI), an innovative drug development company, announced today a joint venture that will focus on developing new prescription medicated foam formulations and demonstrating their safety and efficacy.

The partnership will accelerate the development of value-added foam formulations for the treatment of common skin inflammation conditions, such as atopic dermatitis and psoriasis, which inflict more than 20 million Americans, as well as seborrheic dermatitis and allergic skin reactions.

"It is with enthusiastic anticipation that we enter into our partnership with Therapeutics Inc, a dynamic company that can move promising topical drugs through preclinical and clinical studies into the marketplace," said Dr. Dov Tamarkin, CEO of Foamix. "What we are creating through this joint venture is a powerful development engine that will leverage our respective expertise and resources to drive new products to market."

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SOURCE Foamix Ltd
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