Blansett Pharmacal Teams with Schwarz Pharma, Inc. to Expand Market for ProctoFoam HC.Business Editors, Health/Medical Writers NO. LITTLE ROCK, Ark.--(BUSINESS WIRE)--July 31, 2002 Schwarz Pharma, Inc. recently finalized a collaboration with Blansett Pharmacal Co., Inc. to market ProctoFoam(R)HC (hydrocortisone acetate hydrocortisone acetate Cortifoam, Dricort, Micort-HC, Orabase HCA Pharmacologic class: Short-acting corticosteroid Therapeutic class: Anti-inflammatory (steroidal) Pregnancy risk category C 1% and pramoxine hydrochloride hydrochloride /hy·dro·chlo·ride/ (-klor´id) a salt of hydrochloric acid. hy·dro·chlo·ride n. A compound resulting from the reaction of hydrochloric acid with an organic base. 1%), the only topical aerosol for the relief of inflammation in the anal region. ProctoFoam(R)HC is one of several hydrocortisone hydrocortisone (hī'drəkôr`tĭzōn'), another name for the steroid hormone cortisol, more especially used to refer to preparations of this hormone used medicinally. products offered by Schwarz Pharma. The aerosol formulation has been a staple in the company's product portfolio since 1995. "Our alliance with Schwarz Pharma promises to be a win-win situation for both companies," said Larry Blansett, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Blansett considers this newly formed association to be of major significance considering the outstanding reputation of Schwarz in the pharmaceutical industry. ProctoFoam(R) HC is a great addition to our existing product line, and it is very timely since we are rapidly expanding our sales force to cover the few remaining states in the U.S. Our sales force at Blansett Pharmacal will promote the product to physicians across the country while Schwarz Pharma continues to provide product supply and support functions." Blansett Pharmacal, with headquarters in Arkansas, is a progressive specialty pharmaceutical company that focuses on the development and marketing of proprietary prescription products. Schwarz Pharma, Inc. is the U.S. affiliate of Schwarz Pharma AG, an international pharmaceutical organization based in Germany. "This collaboration provides value for both companies," said Richard Losiniecki, Vice President Sales and Marketing for Schwarz Pharma. "Blansett's strategy of building a portfolio of specialty products by focusing on under-promoted products of other pharmaceutical companies is suited to this product and works well with the Schwarz Pharma marketing strategy." BLANSETT PHARMACAL CO., INC. with headquarters in No. Little Rock, AR is a specialty pharmaceutical company engaged in developing and commercializing prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, products with special emphasis on the treatment of respiratory symptoms, external otitis otitis Inflammation of the ear. Otitis externa is dermatitis, usually bacterial, of the auditory canal and sometimes the external ear. It can cause a foul discharge, pain, fever, and sporadic deafness. , muscular contraction headache, and bacterial vaginosis Bacterial Vaginosis Definition Bacterial vaginosis (BV) is a type of vaginal infection in which the normal balance of bacteria in the vagina is disrupted, allowing the overgrowth of harmful anaerobic bacteria at the expense of protective bacteria. . The Company markets its products directly through its own sales force in most states. Products are distributed nationally through drug wholesalers. The Company has completed studies toward the submission of a NDA (Non Disclosure Agreement) An agreement signed between two parties that have to disclose confidential information to each other in order to do business. In general, the NDA states why the information is being divulged and stipulates that it cannot be used for any for the treatment of symptom complex symptom complex n. A group of symptoms that occur together and are characteristic of a certain disease, disorder, or condition. (MCH See Intel Hub Architecture. ) headache. Schwarz Pharma, Inc., based in Milwaukee, WI, is the U.S. affiliate of Schwarz Pharma AG, an international pharmaceutical company with global headquarters in Monheim, Germany and affiliates in all key western markets. With proven expertise in the areas of cardiology, gastroenterology, urology and neurology, Schwarz Pharma is dedicated to the global search and development of new drug therapies in areas that address unmet medical needs. This press release contains forward-looking statements based on current plans, estimates and beliefs of the management of Schwarz Pharma AG. Such statements are subject to risks and uncertainties that may cause actual results to be materially different from those that may be implied by such forward-looking statements contained in this press release. Important factors that could result in such differences include: changes in general economic, business and competitive conditions, changes in regulation affecting Schwarz Pharma AG, exchange rate fluctuations and hiring and retention of its employees. |
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