Aptalis was a company in the pharmaceutical industry. In January 2014, the company was acquired by Forest Laboratories (acquired by Allergan) for $675 million. Through a series of acquisitions, the company is now a contract development and manufacturing organization and rebranded as Adare Phama Solutions, headquartered in Lawrenceville, New Jersey.[1]
| Industry | Pharmaceutical industry |
|---|---|
| Founded | 2011 |
| Defunct | 2014 |
| Fate | Acquired by Forest Laboratories |
| Headquarters | Bridgewater, New Jersey |
Key people | John J. Fraher (CEO and President) |
History
editMerger of predecessor companies: Axcan and Eurand
editAxcan specialized in the treatment of gastrointestinal disorders. Formerly traded publicly on NASDAQ, Axcan was acquired by TPG Capital in 2008.[2] Eurand Pharmaceuticals was a producer and contract manufacturer of sustained release dosage forms or taste-masked pharmaceutical dosage forms. Both Axcan and Eurand produced and marketed versions of the drug pancrelipase, which is used in the treatment of symptoms related to cystic fibrosis.
In 2011, Eurand Pharmaceuticals and Axcan Pharma merged to form Aptalis.[3]
Product launches
editIn June 2011, the company received approval from the Food and Drug Administration to sell a low strength version of ZENPEP (pancrelipase) capsules formulated for infants with exocrine pancreatic insufficiency due to cystic fibrosis.[4]
On January 9, 2012, the company announced an agreement to market RECTIV, an ointment for the treatment of anal fissure, in the United States.[5]
On January 18, 2012, the company announced that its partner, Gilead Sciences, received approval for the oral powder formulation of Viread (tenofovir disoproxil).[6]
On September 3, 2013, the company launched PYLERA capsules (Bismuth subcitrate/metronidazole/tetracycline), which, in combination with omeprazole, is indicated for the treatment of patients with helicobacter pylori infections.[7]
Acquisition of the company by Forest Laboratories
editIn January 2014, Forest Laboratories (now part of Allergan) announced that it had agreed to acquire Aptalis for $2.9 billion in cash.[8][9]
Aptalis withdrew its planned initial public offering after the announcement.[10]
In April 2015, TPG Capital acquired Aptalis Pharmaceutical Technologies and the company was renamed Adare Pharmaceuticals.[11]
In September, 2020, Thomas Lee Partners and Frazier Healthcare acquired Adare Pharmaceuticals and turned into a contract development and manufacturing organization.[12]
References
edit- ^ "Our Legacy". Adare Pharma Solutions. Retrieved 13 December 2020.
- ^ "Axcan Announces Completion of Transaction With TPG Capital" (Press release). Marketwired. February 25, 2008.
- ^ "The Newly Combined Axcan and Eurand Announce Name Change to Aptalis" (Press release). PR Newswire. May 6, 2011. Archived from the original on March 3, 2018. Retrieved March 2, 2018.
- ^ "Aptalis Pharma Announces FDA Approval of 3,000 Lipase-Unit Strength of ZENPEP" (Press release). Marketwired. June 17, 2011.
- ^ "Aptalis Pharma Announces Agreement to Market RECTIV™ in the U.S." (Press release). Marketwired. January 9, 2012.
- ^ "Aptalis Pharma Announces FDA Approval of NDA for Oral Powder Formulation of Viread®, Co-Developed With Gilead Sciences, Inc" (Press release). Marketwired. January 18, 2012.
- ^ "Aptalis Pharma™ Launches PYLERA® 10 Day Therapy PAK in the United States" (Press release). Marketwired. September 3, 2013.
- ^ "Aptalis to be Acquired by Forest Laboratories for $2.9 Billion" (Press release). Business Wire. January 8, 2014.
- ^ Humer, Caroline (January 7, 2014). "Forest Labs to buy Aptalis from TPG for $2.9 billion". Reuters.
- ^ "Aptalis Holdings officially withdraws IPO following announcement of its acquisition by Forest Labs". NASDAQ. January 31, 2014.
- ^ "TPG Completes Acquisition of Aptalis Pharmaceutical Technologies, Company Renamed Adare Pharmaceuticals" (Press release). Business Wire. April 2, 2015.
- ^ "Thomas Lee Partners, Frazier Healthcare Acquires Adare Pharmaceuticals". 30 September 2020. Retrieved 13 December 2020.