CutisPharma renames to Azurity Pharmaceuticals alongside Silvergate acquisition
CutisPharm has acquired Silvergate Pharmaceuticals. The combined company will be called Azurity Pharmaceuticals.
“I am thrilled to announce the combination of two strong companies with a rich legacy meeting the needs of underserved patients, such as children and the elderly,” Azurity CEO Neal Muni said. “Azurity’s mission, to make safe, high-quality treatments for patients requiring customized formulations for their care, is significantly bolstered by our combined resources and capabilities.”
Azurity’s management team will be comprised of leaders from both the legacy CutisPharma and Silvergate teams. Azurity’s corporate headquarters and manufacturing facility will be located in the Greater Boston area (Woburn, Mass. and Wilmington, Mass., respectively); its R&D Campus will be located outside Kansas City, Mo. and the corporate satellite campus will be located outside Denver, Colo.
Both companies have achieved several key milestones over the past year, including CutisPharma’s FDA approval and launch of Firvanq (vancomycin hydrochloride) for oral solution for the treatment of Clostridium difficile-associated diarrhea in early 2018, and Silvergate’s submission of a New Drug Application for its lead pipeline drug, SG-05, to the FDA, currently under review. Azurity now has a portfolio across 12 products that serve multiple therapeutic areas.
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