Navigation Links
Heritage Announces $10 Million Financing
Date:4/15/2008

LONDON and EDISON, N.J., April 15 /PRNewswire/ -- Heritage Pharma Ltd. (U.K.) and its wholly owned subsidiary, Heritage Pharmaceuticals Inc. (collectively "Heritage"), announced today the Company has consummated the private placement of Series A Preferred shares lead by Oklahoma City, Oklahoma-based venture capital investors McClendon Venture Company, LLC and TLW Venture Company, LLC for gross proceeds of $10 million prior to fees and expenses. The proceeds will be utilized to finance North America and India product development costs, to establish a research and development facility and for other general corporate purposes.

Commenting on the agreement, Heritage President & CEO, Jeffrey Glazer, stated, "We are very excited to complete this new round of financing. The Company is at a turning point and the infusion of capital will enable us to execute additional global growth strategies that will take Heritage to the next level. Establishment of our own R&D center will provide Heritage with an added level of integration in order to continue growing our generic product pipeline and commercial portfolio. We look forward to adding new product launches this year from our existing portfolio while accelerating our future growth."

About Heritage

Heritage Pharmaceuticals Inc. is a rapidly emerging generic pharmaceutical company engaged in the acquisition, licensing, development, marketing, sale and distribution of generic pharmaceutical products for the global prescription drug markets. Heritage has established itself as a competitor in the generic pharmaceutical industry by initially targeting niche products with revenues that are generally too small to command the resources and attention of major market participants. Heritage launched its U.S. label in 2006 and currently markets 5 products over 17 SKU's, including Ethambutol oral tablets, Hydralazine oral tablets, Hydrochlorothiazide oral tablets, Sulindac oral tablets and Nimodipine soft gel capsules. The Company's business model utilizes strategic outsourcing to U.S.F.D.A. qualified manufacturing and develop organizations in both North America and Asia. The Company will continue to introduce its new generic products during 2008 following its tradition of premier quality, value and service in generics. http://www.heritagepharma.com


'/>"/>
SOURCE Heritage Pharma Ltd.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Heritage Victor Valley Medical Group to Host Youth Soccer Clinic
2. UPMC Health Plan and Heritage Valley Health System Combine Resources in LifeSmart, A Community Initiative Designed to Prevent Diabetes
3. Dr. Richard Merkin & Heritage Victor Valley Medical Group to Host Victorville Senior Valentines Day Luncheon
4. Heritage Valley Health System Named a Finalist for Microsoft Healthcare User Group Award
5. Transition of Behavioral Health Services from WPIC-BV to Heritage Valley Health System
6. Heritage and Mission of Serving Children Reflected in Reintroduction of Boys Town Name and Look
7. Kimberly Clark Professional Skin Care Plant Celebrates 30th Anniversary and Strong Heritage of Success in San Antonio
8. In Honor of Hispanic Heritage Month and Spanish Speakers Worldwide International Hyperhidrosis Society Publishes Important New Patient Booklet in Spanish
9. Donate Life America Dispels Myths About Organ & Tissue Donation Among Hispanics During National Hispanic Heritage Month
10. NHP Announces First Quarter Earnings Release Date and Conference Call/Webcast
11. CryoLife Announces Release Date and Teleconference Call Details for First Quarter 2008 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/21/2017)... ... 2017 , ... Ray Insurance Agencies, a Dallas area firm providing asset protection ... on a six month charity event aimed at raising local support and donations that ... of the deadliest diseases in America; more than 7.5 million people die from cancer ...
(Date:2/21/2017)... ... February 21, 2017 , ... ... further expansion of its eHealth App xChange™, providing clinical researchers more choices ... extensive and growing eHealth platform. Applications that enable patient-centered clinical trials make ...
(Date:2/21/2017)... ... February 21, 2017 , ... HIMSS is the largest ... demonstration spanned multiple health information systems including OpenEMR, EMRDirect, and Epic. , ... no Health Information Exchange outside of faxing. Medal’s innovative technology “meets providers where ...
(Date:2/21/2017)... Boca Raton, FL (PRWEB) , ... February 21, ... ... development of unique, coffee house-caliber protein espresso drinks, announced its products are now ... , CLICK® Coffee Protein Drink Mix has become popular among health-conscious consumers ...
(Date:2/20/2017)... ... February 20, 2017 , ... MRI screening improves early diagnosis of breast ... Germany published online in the journal Radiology . , MRI has long ... mammography and ultrasound. Currently, guidelines reserve breast MRI screening for women who have a ...
Breaking Medicine News(10 mins):
(Date:2/21/2017)... Feb. 21, 2017  /PR Newswire/ -- UBM Medica,s ... announce the launch of Modern Retina ( ... retina specialists. Built upon the success of ... on the latest innovations in the areas of retinal ... management. By meeting current informational needs and filling existing ...
(Date:2/21/2017)... Feb. 21, 2017 ... a new imaging solution that connects Lexmark multifunction printers ... of the world,s leading scanning and indexing software solutions ... enables hospitals to use a Lexmark MFP at the ... Solarity workflow, helping facilities reach HIMSS Stage 7 ...
(Date:2/21/2017)... According to a new market research report "Medical Robots Market by ... Non-invasive Surgery Robots)), Application (Orthopedic, Laparoscopy, Neurology) - Global Forecasts to 2021", published ... ... MarketsandMarkets Logo ... This report studies the global medical robots market for the forecast period ...
Breaking Medicine Technology: