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Cornerstone Therapeutics Licenses Alpha-7 Technology to Targacept
Date:8/3/2010

which we believe has considerable commercial potential," said Craig A. Collard, Cornerstone's President and Chief Executive Officer.  "The licensing of this technology is a major step for Cornerstone, enabling us to continue to focus on our core business of developing and commercializing products in the respiratory and hospital spaces.  We expect to use the proceeds from this and other transactions to fund additional product acquisitions to enhance our continued growth."

This agreement follows the announcement last month that the company has reacquired rights, in a cashless transaction, to its high-mobility group box protein 1 (HMGB1) protein-related technology, for which it also intends to seek a development and commercial partner.  

About Cornerstone Therapeutics

Cornerstone Therapeutics Inc. (Nasdaq: CRTX), headquartered in Cary, N.C., is a specialty pharmaceutical company focused on acquiring, developing and commercializing significant products primarily for the respiratory and related markets.  The Company currently promotes multiple marketed products in the United States to respiratory-focused physicians, key retail pharmacies and hospitals with its specialty sales forces.  The Company also has a late-stage clinical pipeline with a recent regulatory submission filing and four additional regulatory approval submissions targeted within the next three years.  Key elements of the Company's strategy are to in-license or acquire rights to underpromoted, patent-protected, branded respiratory or related pharmaceutical products, or late-stage product candidates; implement life cycle management strategies to maximize the poten
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SOURCE Cornerstone Therapeutics Inc.
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