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Avista Capital Partners Announces a Majority Investment in Vertical Pharmaceuticals and Trigen Laboratories
Date:12/16/2013

30 years of operational, marketing, commercial development, and sales experience with international pharmaceutical companies. Most recently, he was President and Chief Executive Officer of Fougera Pharmaceuticals Inc., the dermatology-focused pharmaceuticals company that was spun off from Nycomed A/S in 2011 and sold to Sandoz, the generics division of Novartis, in July 2012. Prior to leading Fougera, Mr. Markison served as Chairman and Chief Executive Officer of King Pharmaceuticals before it was acquired by Pfizer.

Mr. Markison said, "I am thrilled to be joining Vertical / Trigen as Executive Chairman. Having led other specialty pharmaceutical companies through various phases of development, I am very excited about the Company's potential to increase market share with existing products while pursuing attractive add-on opportunities to accelerate growth. I look forward to working with the Vertical / Trigen team to support these efforts."

David Burgstahler, Partner and President of Avista, said, "We believe Vertical / Trigen is a strong platform on which to build a diversified North American pharmaceuticals business.  The Company's existing product footprint and development pipeline can be leveraged in combination with product acquisition and licensing opportunities to create a broader branded and generics company with a presence in a number of attractive therapeutic markets. Having worked closely with Brian Markison to grow other businesses in this space, we are confident that his expertise, along with all of the resources Avista has to offer, will help this talented management team take the Company to the next level."

Steven Squashic, CEO of Vertical / Trigen, said, "This is a great day for our company. Everyone at Vertical and Trigen should be proud of what we have achieved together over the last decade and excited about what we can accomplish in the
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SOURCE Avista Capital Partners
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