Navigation Links
Medicis Pharmaceutical company enters pediatric market

Medicis is the leading independent pharmaceutical company in the United States focusing primarily on the treatment of dermatological conditions. Based in Wilmington, Mass., Ascent is a pharmaceutical company primarily dedicated to the specialty of pediatrics. Medicis Pharmaceutical Corporation and Ascent Pediatrics, Inc. today announced that they have entered into a definitive merger agreement under which Medicis will acquire Ascent, a specialty pharmaceutical company focused on the marketing and sale of prescription products to U.S. based pediatricians. //

Under the terms of the agreement, Medicis will pay approximately $60 million and has agreed to pay to the holders of Ascent's common equity up to an additional $10 million per year for each of the first five years. This transaction provides Medicis with critical mass to assist with the entrance into the category of pediatrics.

"We are pleased to announce our carefully planned entrance into the pediatric market with a transaction we expect to be accretive," said Jonah Shacknai, Chairman and Chief Executive Officer of Medicis. Emmett Clemente, Ph.D., Chairman, President and Treasurer of Ascent said, "We at Ascent are extremely pleased to have entered into this arrangement as it provides us the best opportunity to transfer the mission of Ascent to a strong and innovative organization, which can provide the pediatric community with creative and valuable products. "

Ascent's portfolio of specialty pharmaceutical pediatric products currently includes ORAPRED? (prednisolone sodium phosphate), PRIMSOL? (trimethoprim HCl), and PEDIAMIST?. Sales of ORAPRED? comprise the majority of the Ascent product sales. Ascent currently supports these products with a dedicated pediatric sales force, numbering approximately 70 representatives and sales management.


'"/>




Page: 1

Related medicine news :

1. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
2. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
3. Pharmaceutical companies are targeting patients
4. FDA approves Watson Pharmaceuticals Oxytrol patch
5. Ranbaxy Pharmaceuticals Inc awarded the prestigious outstanding supplier award received from Wal-Mart
6. Indian Pharmaceutical Industries Stops Manufacturing And Sale Of Valdecoxib
7. Pharmaceutical industries grant for R&D to be monitored
8. Japanese And Chinese Pharmaceutical Companies Join Together In Drug Testing
9. Antigenics Pharmaceuticals plans for Phase III trial of its Melanoma vaccine
10. United Kingdom Is Lagging In Novelty In The Field Of Pharmaceuticals
11. Top Pharmaceuticals Influence Doctors Prescriptions
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:6/13/2019)... ... ... and Gynecology specializes in pelvic pain treatment for women. Pelvic pain can occur from ... routine and complicated pelvic pain conditions including:, , Uterine fibroids , ... Adhesions (scar tissue) , Interstitial Cystitis , Pelvic inflammatory ...
(Date:6/13/2019)... ... , ... In Partnership with the Smiles for Everyone Foundation , ... Mesquite, TX office on July 13th. , Dental services provided include same-day procedures such ... For more information, please visit the Monarch Dental website . , About Monarch ...
(Date:6/13/2019)... ... June 13, 2019 , ... Hard money lenders like Monroe Funding Corporation ... funds can also be provided quickly. If the documentation and collateral are immediately available, ... to avoid the federal oversight involved with a traditional lender, which allows loans to ...
(Date:6/13/2019)... (PRWEB) , ... June 13, 2019 , ... In two ... schools across the United States, the collective impact movement Active Schools aimed ... are not, promoting childhood health and well-being. , The U.S. Department of Health ...
(Date:6/13/2019)... ... June 13, 2019 , ... Clinical Ink , a ... to announce that Jonathan Andrus , chief business officer at Clinical Ink, has ... Duke-Margolis Center for Health Policy on July 1, 2019, in Washington, D.C. The ...
Breaking Medicine News(10 mins):
(Date:6/13/2019)... ... 13, 2019 , ... Port-A-Wall, an expanding innovator of conveniently ... Offering a simple but effective solution to space optimization and privacy needs, ... and travel use to large-scale emergency response to healthcare screening. , ...
(Date:6/13/2019)... ... 2019 , ... HMP, a leading healthcare education and events company, today announced ... Fastest-Growing Shows in Net Square Footage” by Trade Show News Network (TSNN). The list ... that period. Winners will be honored during the 2019 TSNN Awards, taking place November ...
(Date:6/13/2019)... , ... June 13, 2019 , ... Cardiac MRI has ... an article published in the journal Radiology: Cardiothoracic Imaging . , Cocaine abuse ... prevalence of cocaine consumption was estimated to be around 3.4 million among people ages ...
Breaking Medicine Technology: