Printer Friendly
The Free Library
14,559,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Auriga Laboratories Enters Into Trade Development Agreement with New Pharmaceutical Strategies (NPS).


Agreement Expected to Accelerate Adoption of Company's Product Portfolio

NORCROSS, Ga. -- Auriga Laboratories, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: ARGA ARGA Arkansas Rice Growers Association (North Little Rock, AR) ) or "Auriga", a specialty pharmaceutical company with products for the treatment of acute respiratory diseases Noun 1. respiratory disease - a disease affecting the respiratory system
respiratory disorder, respiratory illness

adult respiratory distress syndrome, ARDS, wet lung, white lung - acute lung injury characterized by coughing and rales; inflammation of the
, dermatological dermatological, dermatologic

pertaining to dermatology; of or affecting the skin.
 conditions, and Xerostomia xerostomia /xe·ro·sto·mia/ (zer?o-sto´me-ah) dryness of the mouth due to salivary gland dysfunction.

xe·ro·sto·mi·a
n.
, announced today that it has entered into a trade development agreement, under which New Pharmaceutical Strategies (NPS NPS National Park Service
NPS Naval Postgraduate School
NPS Net Promoter Score (customer management)
NPS Non-Point Source pollution
NPS Native Plant Society
NPS Norfolk Public Schools (Virginia) 
, a division of VCG VCG vectorcardiogram.

VCG

vectorcardiogram.
 & Associates), will develop trade development strategies and initiatives focused on enhancing sales of Auriga's product line. Under the two-year agreement, NPS will focus on enhancing sales of Auriga's products by expanding its position in the retail and drug wholesale marketplace.

VCG & Associates (VCG) is an independent strategic marketing and contract services provider specializing in working with emerging pharmaceutical, biotech and technology companies providing strategies, tactics and resources related to commercial product launch activities. VCG & Associates fields one of the largest contract National Account teams in the industry providing manufacturers the access to key decision makers in order to help accelerate the selling process to the third party market. NPS provides consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services"
 and contract resources related to pharmaceutical product distribution and supply chain management.

"The co-promotion agreement with NPS represents an ideal trade and distribution strategy for Aquoral[TM] and other products in our portfolio," said Philip S. Pesin, Chief Executive Officer of Auriga. "NPS's experienced management team has excellent relationships with all classes of trade, giving Auriga significant opportunity to expand distribution of our Extendryl[R] and Levall[R] product lines. This, coupled with Auriga's active development pipeline and plan to launch 15 new products, gives us even greater confidence in our ability to execute and achieve the goals set forth in our business plan."

"We are excited by the current and future portfolio of products offered by Auriga and the opportunity to apply our combined experience in having assisted more than 50 pharmaceutical companies with their launch efforts," stated Dan Steiber, Partner, VCG & Associates responsible for Trade Development and Commercial Operations.

NPS will be responsible for all trade development, national accounts and supply chain initiatives on behalf of Auriga and in effect will function as the in-house trade in-house trade

Execution of a customer order within a brokerage firm rather than on an exchange. For example, a brokerage firm might match a customer order to buy at $10 1/2 with another customer order to sell the same stock at $10
 team. Horace Cook (NPS), Ed Conroy Ed Conroy is the head men's basketball coach at The Citadel. Head coaching record

Season Team Overall
The Citadel (Southern Conference) (2006 — )
2006-2007 The Citadel 7-23 4-14 6th (South)
2007–2008 The Citadel 0-0 0-0
 (NPS) and Frank Lasusa (Auriga), three experienced pharmaceutical executives will lead the Auriga Trade Team. The group will report into Andrew Shales, Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 for Auriga.

About Auriga Laboratories[TM]

Auriga Laboratories[TM] is a specialty pharmaceutical company capitalizing on high-revenue markets and opportunities in the pharmaceutical industry through proactive sales, integrated marketing and advanced in-house drug development capabilities. The Company's high-growth business model combines acquisition of proven brand names, powerful product development strategies and rapidly-growing national sales teams and marketing operations. Auriga acquires valuable brand portfolios that are no longer a strategic focus for large pharmaceutical companies, then capitalizes on untapped marketplace opportunities through brand extension and directed sales/marketing programs. The Company's drug-development pipeline leverages novel material science and advanced drug delivery technologies to produce improved formulations of successful brands to further expand markets, sales and clinical indications for proven, successful products. Auriga's exclusive prescription product portfolio currently includes Aquoral[TM] for the treatment of Xerostomia, Akurza[TM] and Xyralid[TM] dermatology dermatology (dûrmətŏl`əjē), branch of medicine concerned with diagnosis and treatment of diseases and disorders of the skin.  products, and the Extendryl[R] and Levall[R] families of products for relief of symptoms associated with a range of acute respiratory diseases. Auriga plans to become a fully integrated pharmaceutical company by acquiring its own manufacturing and development capabilities. Moving forward, the Company will seek to acquire and/or in-license additional products and technologies to further grow revenues. For more information, please visit: www.aurigalabs.com.

Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
:

The information contained herein includes forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 its operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Securities and Exchange Commission and other regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest
regulatory agency

administrative body, administrative unit - a unit with administrative responsibilities
. Statements regarding the Company's ability to increase its sales force and the success of such sales force in selling its products in light of competitive and other factors, the regulatory status and/or regulatory compliance of its products, the Company's ability to secure additional financing, its ability to sustain market acceptance for its products, its dependence on collaborators, the Company's ability to find and execute strategic transactions, its potential exposure to litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
, the Company's exposure to product liability claims, and the Company's prices, future revenues and income and cash flows and other statements that are not historical facts contain predictions, estimates and other forward-looking statements. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved and these statements will prove to be accurate. Important factors could cause actual results to differ materially from those included in the forward-looking statements.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 1, 2006
Words:977
Previous Article:Qwikker Delivers the Top Internet Videos of the Year to Mobile at the e-List Party.
Next Article:China Properties Developments, Inc. Reports Results for Second Quarter 2006.
Topics:



Related Articles
NPS PHARMACEUTICALS AND KIRIN PHARMACEUTICAL DIVISION SIGN AGREEMENT FOR $25 MILLION TO COLLABORATE ON HYPERPARATHYROIDISM DRUG.
National Park Service.(Bill Walters appointed regional director)(Brief Article)
NPS Pharmaceuticals takes more space.(New Jersey)(Brief Article)
Snowmobile decision announced.(Tip-Off)
Russia poised to capitalize on outsourcing.(INSIDER REPORT)(Brief Article)
Auriga Announces Development Agreement with Balchem Corporation for Rapid Dissolve Drug Products; New Formulation to Enable Auriga to Address...
Auriga Presents New Investor Video Highlighting Drug Development Pipeline and Major Brand Expansions; CEO Details Strategic Initiatives to Create...

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles