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Global Biopharmaceutical Leader in Peptide Research Expands Commitment in San Diego/U.S. With New R&D Facility and Ready-To-Market Prostate Cancer Treatment Degarelix
Date:2/11/2009

nterology. Since the 1950s, the company has pioneered the research, development and marketing of pharmaceutical products based on natural, hypothalamus and pituitary-based peptide hormones.

Headquartered in Switzerland, Ferring has commercial subsidiaries in over 45 countries and its products are available in more than 70 countries. The company's R&D centers are located in: Saint-Prex (Switzerland), San Diego and Parsippany (U.S.), Copenhagen (Denmark), Mumbai (India) and Beer Tuvia (Israel).

Speaking at the opening of the new R&D facility, Chairman Frederik Paulsen (son of the company's founder Dr. Frederik Paulsen) said: "Historically, Ferring is one of the first pharmaceutical companies to have embarked upon peptide research. It is an integral part of our heritage and it is part of our vision today that our Research Institute in San Diego will take this heritage into the future.

"The most pertinent example of the strength and promise of peptide therapy is our new prostate cancer treatment, degarelix. The research towards degarelix occurred in San Diego with our institute and academic research partners. The molecule was ultimately discovered by Ferring Research Institute San Diego," Chairman Paulsen said.

Ferring Research Institute Managing Director and Vice President-Research Pierre Riviere added, "We're excited about the future of Ferring on the West Coast and in the U.S. with the expanded facility and the approval to launch degarelix. Since first establishing our presence in San Diego in 1996, we've maintained our focus on peptide research excellence so that we can become an integral part of the Southern California biotech community. We're very committed to the region as it continues to offer access to great scientific talent, top academic institutions, and world-class research - all of which offer opportunities for our organization, the industry and those who can benefit from our ther
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SOURCE Ferring Pharmaceuticals, Inc.
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