Hi-Tech Pharmacal completes acquisition of dermatosis treatment
AMITYVILLE, N.Y. — Hi-Tech Pharmacal has acquired rights to a topical drug for treating dermatoses of the scalp from Watson, Hi-Tech said Monday.
Hi-Tech announced the acquisition of Cormax (clobetasol propionate) topical solution for an undisclosed sum. The drug had sales of about $600,000 in 2011, according to IMS Health. The drug maker acquired the drug through its ECR Pharmaceuticals subsidiary and plans to launch it this month.
"Since Hi-Tech will manufacture Cormax for our ECR subsidiary, we anticipate the product will generate high margins," Hi-Tech president and CEO David Seltzer said. "We are pleased to add another well-recognized brand to the ECR portfolio of branded products."
Takeda completes URL Pharma acquisition
DEERFIELD, Ill. — Drug maker Takeda Pharmaceutical has finished its purchase of URL Pharma, the companies said Monday.
Japan-based Takeda announced in April that it would buy URL for $800 million. The acquisition, through local subsidiary Takeda Pharmaceuticals USA, gives Takeda control of the gout drug Colcrys (colchicine). URL will report to Takeda Pharmaceuticals USA president Douglas Cole, and the acquisition is expected to boost 2012 sales by $550 million, Takeda said.
"The acquisition of URL Pharma is a meaningful opportunity that delivers on our commitment to strengthen Takeda’s presence in the U.S. by adding products that amplify our expertise in primary care," Cole said. "This commitment allows us to broaden our focus for patients by providing multiple therapeutic offerings for gout, which affects more than 8 million Americans."
Colcrys, which is the sonly single-ingredient oral colchicine product with approval from the Food and Drug Administration, had 2011 sales of more than $430 million, according to the companies.
First season of ‘The Layover’ now on DVD
NEW YORK — Gaiam announced the release of "The Layover" Season 1 on DVD under its exclusive home video license agreement with Travel Channel.
The first season follows host Anthony Bourdain through Europe, Asia and the United States as he shows viewers that vacation fun can be doubled during a layover by soaking up as much culture as he can within 24 to 48 hours of layover time to provide viewers with the most unpredictable, unique stories of places, people and their food. Bourdain also shares some top-of-the-line insider tips.
"The Layover" Season 1 is comprised of ten episodes on two discs. It has a run time of 430 minutes and carries a suggested retail price of $19.98.