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:8/21/2019)... ... August 21, 2019 , ... An August 1st article on CTV ... of going abroad for cheap plastic surgery. The article followed several women who chose ... fraction of what they would have paid in their native Canada. They returned with ...
(Date:8/21/2019)... ... August 21, 2019 , ... Never Bean ... Pennsylvania, a lovable, socially popular, registered therapy dog, television actor, and canine ... Better Day. The Registrar at National Day Calendar has declared Never Bean Better ...
(Date:8/21/2019)... ... August 21, 2019 , ... ... technology: HDRX imaging. HDRX captures extremely high-resolution images of products for superior ... high image resolution at normal production line speeds within power settings used ...
(Date:8/19/2019)... (PRWEB) , ... August 19, 2019 , ... ... platform selling Eminence Organic Skin Care products , the authorized retailer will ... Darlene DeVries, was a practicing esthetician in Florida providing Eminence Organic Skin Care ...
(Date:8/19/2019)... ... August 19, 2019 , ... Professional Enrollment Concepts (PEC), ... proudly announces they have ranked #3056 on the 2019 Inc. 5000 Fastest-Growing Private ... look at the most successful companies within the American economy's most dynamic segment—its ...
Breaking Medicine News(10 mins):
(Date:8/23/2019)... Ill. (PRWEB) , ... August ... ... University Edwardsville online master’s in healthcare informatics has been ranked sixth in ... professionals integrate the worlds of medicine and technology by combining their expertise ...
(Date:8/21/2019)... , ... August 21, 2019 , ... Dr. Parsa Mohebi, ... and Beverly Hills, recently opened his newest medical office in the city of San ... in the San Francisco area along with the surrounding cities of Oakland, San Jose, ...
(Date:8/21/2019)... ... August 21, 2019 , ... Impact Advisors , a ... announced today that it has been named to Inc. magazine’s Inc. 5000 list. The ... for-profit companies with significant percentage revenue growth. This year the firm was also named ...
Breaking Medicine Technology: