Frost & Sullivan Lauds OVATION Pharmaceuticals for Its Business Model and Ability to Sust... ( MOUNTAIN VIEW Calif. March 4 /- Based...)

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Frost & Sullivan Lauds OVATION Pharmaceuticals for Its Business Model and Ability to Sustain Growth

Date:3/4/2009

MOUNTAIN VIEW, Calif., March 4 /PRNewswire/ -- Based on its recent analysis of the pharmaceuticals and biotechnology market, Frost & Sullivan presents OVATION Pharmaceuticals, Inc. with the 2009 North American Frost & Sullivan Award for Entrepreneurial Company of the Year in recognition of the company's success in achieving its growth objectives while faithfully pursuing its high-growth, yet admirable business plan.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

"OVATION has strategically concentrated its research efforts on developing treatments for the often overlooked rare and orphan disease market, avoiding many of the pitfalls other company's face when strictly pursuing blockbuster therapies and indications," says Frost & Sullivan Research Analyst Misty Hughes. "Through selective partnerships and financial responsibility, OVATION, having justly labeled itself the 'Partner of Choice,' has built a solid organization with uniquely strong capabilities required for specialized therapies for rare diseases."

Fueled by the desire to provide life-sustaining therapies for severely ill, vastly underserved patient populations, OVATION has applied its commercial, regulatory and manufacturing expertise to develop partnerships with top companies - Merck, Abbott Laboratories, Sanofi-Synthelabo, Aventis, among others - resulting in sustaining much-needed treatment options on the market, as well as building an enviable late-stage development pipeline. With a core focus on disorders of the central nervous system (CNS), hematology and oncology, neonatal intensive care (NIC), and hospital-based therapies, this company of nearly 300 industry professionals boasts a portfolio of 20 pharmaceutical products with sales in more than 85 countries worldwide, and a reported five year compound annual growth rate of 85 percent.

SOURCE Frost & Sullivan
Copyright©2009 PR Newswire.
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