Navigation Links
Verus Pharmaceuticals Announces Divestiture of Pediatric GI Development Program to Meritage Pharma
Date:6/16/2008

Spin-out of Program Allows Verus to Focus Solely on AstraZeneca

Collaboration

SAN DIEGO, June 16 /PRNewswire/ -- Verus Pharmaceuticals, Inc., a pediatric-oriented specialty pharmaceutical company, announced today that Meritage Pharma, Inc., a newly formed specialty pharmaceutical company, has acquired its pediatric gastrointestinal development program. Included in the transaction are the rights to a novel formulation of an existing molecule intended to treat an emerging allergic inflammation condition of the gastrointestinal tract.

Under the terms of the agreement, Verus is to receive an upfront payment and will retain a minority equity stake in the newly formed company. No further terms have been disclosed. Selected members of the existing Verus management team will form the management team at Meritage Pharma.

"We are excited to have completed this transaction with Meritage Pharma, a company with an extensive knowledge of the development program and a strong management team," said Robert W. Keith, President and Chief Executive Officer of Verus. "This transaction, in combination with the recent divestiture of our anaphylaxis franchise to Sciele, allows us to focus all of our efforts on the successful execution of our ongoing asthma development collaboration with AstraZeneca and the associated $280 million potential earn-out payment."

"Meritage Pharma is proud to acquire this exciting development program as our initial product candidate and is eager to leverage the prior efforts of Verus to address an emerging condition," said Dr. Elaine M. Phillips, President and Chief Executive Officer of Meritage Pharma.

About Verus

Verus Pharmaceuticals is dedicated to improving the lives of children and those who care for them. Verus is building a portfolio of products for the unmet medical needs of children through acquisitions and alliances, with an initial focus on the treatment of asthma, all
'/>"/>

SOURCE Verus Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Overuse of Opioids, Barbiturates Boosts Chronic Migraine Risk
2. ReachMD and VerusMed Broadcast Medical Conference Coverage on XM Satellite Radio
3. Verus Pharmaceuticals Announces Promotion of Robert W. Keith to Chief Executive Officer
4. Verus Pharmaceuticals Announces Divestiture of Pediatric Asthma Development Programs to AstraZeneca
5. Synovics Pharmaceuticals forms a Strategic Joint Venture with Maneesh Pharmaceuticals
6. Alseres Pharmaceuticals, Inc.s Chairman, Peter Savas, Reviews Companys Progress in its Annual Letter to Stockholders
7. Jazz Pharmaceuticals Announces Development Timeline Updates
8. GlaxoSmithKline Acquires Sirtris Pharmaceuticals, Inc., a World Leader in Sirtuin Research and Development
9. Renhuang Pharmaceuticals, Inc. Holds Trade Show for Tianma Pills; Signs Letters of Intent
10. Indevus Pharmaceuticals Provides Update on NEBIDO(R) NDA Status
11. MAP Pharmaceuticals to Present at the Goldman Sachs Twenty-Ninth Annual Global Healthcare Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/20/2014)... 2014 Women’s health specialist, Dr. Amber ... Gynecology of Columbus, Inc., A Division of MaternOhio Clinical ... more than 100,000 patients annually. Dr. Murphy will provide ... stages of a women’s life. She is accepting new ... Westerville and Dublin. , Dr. Murphy offers a wide ...
(Date:10/20/2014)... Kennewick, WA (PRWEB) October 20, 2014 ... new workflow management software application. The new module ... ensure patients receive full life-cycle quality care. , This ... to others within their practice, attach a to-do item ... see fit, and even set up reoccurring reminders for ...
(Date:10/20/2014)... 20, 2014 Succeed is proud to announce ... who participated in the Every Body Walk! campaign ... awareness project that encourages workers to be more active outside ... Program, which concluded at the end of September, was a ... and metro areas. Participating companies gave their staff pedometers ...
(Date:10/20/2014)... (PRWEB) October 20, 2014 It’s hard to ... many orphans and vulnerable children around the world, it’s a ... some people, many children are forced to walk barefoot on ... their families or play with their friends. , Buckner ... with Air1 Radio in October to encourage support ...
(Date:10/19/2014)... 2014 The leading review website, ... ) and GreenGeeks are the best Dedicated Server ... those who want to buy high quality hosting ... The IT manager of Top10BestSEOHosting.com says, “We believe ... suppliers for everyone. A lot of the global ...
Breaking Medicine News(10 mins):Health News:OhioHealth Welcomes New Women’s Health Specialist to MaternOhio Specialists in Obstetrics & Gynecology of Columbus, Inc. 2Health News:OhioHealth Welcomes New Women’s Health Specialist to MaternOhio Specialists in Obstetrics & Gynecology of Columbus, Inc. 3Health News:My Clients Plus Announces New Workflow Management Software 2Health News:Succeed Management Solutions, LLC Competes in Walking Challenge and Achieves 12th Place in Portland 2Health News:Buckner Shoes for Orphan Souls® Garners Support from Air1 Radio 2Health News:Buckner Shoes for Orphan Souls® Garners Support from Air1 Radio 3Health News:Top10BestSEOHosting.com Considers iPage And GreenGeeks As The Best Dedicated Server Hosting Suppliers 2
... Questions and Concerns as Part of ,Ask An Eye Doctor, Vision Research ... SAN FRANCISCO, June 16 JustAnswer (R), the website ... , Lawyers , Mechanics or ... Research Foundation (GRF), as part of Vision Research Month. ...
... say , TUESDAY, June 16 (HealthDay News) -- Sinus infections ... toxic shock syndrome cases in children, a new study has ... the signs of toxic shock syndrome, widely regarded as a ... information in the study. , "Although not as publicized, numerous ...
... ON, June 16 /PRNewswire-FirstCall/ - Nuvo Research Inc. (TSX: ... research and development of drug products delivered to and ... delivery technologies, today announced that it has entered into ... subsidiary of Covidien (NYSE: COV ), a leading ...
... ... Data Mastering Chosen by Leading Healthcare Cost-Management Company , ... Westminster, Colo. (PRWEB) June 16, ... including product data quality, integration and governance announced today that their DataLens™ System ...
... ... featured expert on searchbloodsugar.com, a new informational Web site devoted to all aspects of blood ... ... founder of the alternative health movement, is now a featured expert on searchbloodsugar.com, a new ...
... ... A quick and painless test may now be performed at the doctor,s office to indicate the ... ... of heart disease has been developed for use in doctors, offices. "This is state of ...
Cached Medicine News:Health News:JustAnswer(R) and Glaucoma Research Foundation Help Individuals See the Light in Preventing Blindness 2Health News:JustAnswer(R) and Glaucoma Research Foundation Help Individuals See the Light in Preventing Blindness 3Health News:JustAnswer(R) and Glaucoma Research Foundation Help Individuals See the Light in Preventing Blindness 4Health News:Sinus Infections Can Cause Toxic Shock in Kids 2Health News:Nuvo Research and Covidien sign U.S. license and development agreement for Pennsaid(R) and Pennsaid Plus(R) 2Health News:Nuvo Research and Covidien sign U.S. license and development agreement for Pennsaid(R) and Pennsaid Plus(R) 3Health News:Broadlane Selects Silver Creek Systems To Accelerate Core Business Analysis And New Client Services 2Health News:Broadlane Selects Silver Creek Systems To Accelerate Core Business Analysis And New Client Services 3Health News:Dr. Julian Whitaker Featured on Searchbloodsugar.com 2Health News:Dr. Julian Whitaker Featured on Searchbloodsugar.com 3Health News:Breakthrough Testing For Early Heart Disease - In the Doctor's Office 2
(Date:10/19/2014)... FRANKFURT , Deutschland, October 19, 2014 /PRNewswire/ ... echten CRT-Fallstudien gefragt. Das Problem dabei ... ihre Informationen mit der Kompetenz zu teilen. ... zusammenzustellen, und deshalb freuen wir uns umso mehr, ... Pharmafirmen gebeten, ihre Gepflogenheiten bei Kühlketten aufzuschreiben - ...
(Date:10/17/2014)... 17, 2014  Hanger, Inc. (NYSE: HGR ... results of operations for the quarter ended September 30, ... closes.  A conference call to discuss these results is ... November 7, 2014. Those wishing to participate should call ... 14, 2014 by dialing 1-855-859-2056 and referencing Conference ID ...
(Date:10/17/2014)... , Oct. 17, 2014 Research ... "Research and Development Prospect of China Dialysis ... Based on the 2013 version, this ... policies about dialysis industry and the relevant effect ... about dialysis industry segmentations. Moreover, it analyzes Chinese ...
Breaking Medicine Technology:Vergleichsbericht zu Pharma-Kühlketten und CRT 2Research and Development Prospect of China Dialysis Market, 2014-2018 2Research and Development Prospect of China Dialysis Market, 2014-2018 3
... 16, 2011 Valeant Pharmaceuticals International, Inc. (NYSE: ... management team will make a presentation at the RBC Capital ... 11:00 a.m. ET. The conference will be held at the ... A live webcast and audio archive of the presentation ...
... International Holdings, Inc. ("Bacterin") (OTC Bulletin Board: ... today announced that it launched its OsteoSponge®SC product at ... Meeting taking place February 15-19 in San Diego, CA. ... from the Food and Drug Administration to market OsteoSponge®SC ...
Cached Medicine Technology:Bacterin International to Announce Launch of OsteoSponge®SC at American Academy of Orthopedic Surgeons 2011 Annual Meeting February 15-19 2Bacterin International to Announce Launch of OsteoSponge®SC at American Academy of Orthopedic Surgeons 2011 Annual Meeting February 15-19 3
... system has been designed to ... The maneuverability of this system ... fatigue-free viewing even at the ... in posterior fossa, cerebral tumor, ...
Wide Field Surgical Prism Loupes...
... 40 cm field-of-view enables high-quality full-coverage body ... scalable 32-channel architecture. New powerful Quasar Dual ... up to 80 mT/m SR ... to fully exploit the power of 3.0T ...
... Allegra is the ultimate brain machine. ... optimized for best image quality and ... in a highly compact design. ,These ... stroke, epilepsy, tumor and multiple sclerosis. ...
Medicine Products: