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MiddleBrook Pharmaceuticals Reports Third Quarter 2008 Financial Results
Date:11/13/2008

Company prepares to launch Moxatag(TM), the first and only FDA-approved

once-daily amoxicillin, in the first quarter of 2009
GERMANTOWN, Md., Nov. 13 /PRNewswire-FirstCall/ --

Highlights

-- MiddleBrook Pharmaceuticals received stockholder approval for and

closed a $100 million financing transaction with Equity Group

Investments, L.L.C. (EGI). (Sept.)

-- MiddleBrook repurchased the Keflex(R) assets for approximately $11.0

million from Deerfield Management and redeemed the Deerfield warrant

for $8.8 million in conjunction with the EGI transaction. (Sept.)

-- John Thievon became president & CEO, and David Becker became executive

vice president & CFO effective upon the close of the EGI transaction.

(Sept.)

-- The MiddleBrook team was expanded to include additional senior leaders

with proven track records in commercial operations. (Sept. - Nov.)

-- MiddleBrook engaged TalenTactics(TM) to lead its national sales force

hiring efforts and teamed with VCG & Associates to obtain managed-care

coverage for Moxatag (extended-release amoxicillin) Tablets, 775mg.

(Oct.)

-- The Company's Moxatag patents were listed in FDA's Orange Book. (Oct.)

-- MiddleBrook President & CEO John Thievon presented at the 10th Annual

Rodman & Renshaw Healthcare Conference. (Nov.)

MiddleBrook Pharmaceuticals, Inc. (Nasdaq: MBRK) today announced financial and operational results for the quarter ended Sept. 30, 2008.

MiddleBrook President & CEO John Thievon said, "We have made significant progress since September. We have expanded the MiddleBrook senior leadership team, and our accomplished sc
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SOURCE MiddleBrook Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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