RE: Axcan Pharma and Althin Medical form partnership in hemodialysis field.MONTREAL--(BUSINESS WIRE)--Dec. 20, 1995--Axcan PharmaAxcan Pharma Inc., a Quebec-based pharmaceutical company, has just announced an agreement with the Swedish firm, Althin Medical AB, to form a joint venture company called Althin Biopharm to offer a complete line of hemodialysis products and services in Canada. The firm will also explore the possibility of exporting hemodialysis concentrate solutions manufactured here through the Althin international network of 70 countries throughout the world. A subsidiary of Axcan Pharma Axcan Pharma TSX: AXP NASDAQ: AXCA is a Mont-Saint-Hilaire, Quebec based leading specialty pharmaceutical company that develops, manufactures, markets and distributes a broad line of gastrointestinal (GI) products primarily in North America and Europe. , Western Dialysis Supplies Ltd. of Calgary, and the hemodialysis division of another subsidiary, Biopharm Inc. in Laval, will join forces with the Canadian branch of Althin Medical, Inc. (USA). They will manufacture concentrate solutions and distribute equipment, dialysers, blood lines Not to be confused with Blood Lines (novel). Blood Lines is a short story collection by British crime-writer Ruth Rendell, published in 1995. The title story features her detective Inspector Wexford, and the final story is the acclaimed novella "The Strawberry Tree". and other supplies used by hemodialysis departments. Says Jean Sauriol, President of the newly formed Althin Biopharm Inc., "This joint venture will allow us to share knowledge and experience acquired with different products and the possibility of offering a professional and more complete service along with an enhanced capacity for export." For Anders Althin, the founder 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. of Althin Medical, "This agreement allows two companies with excellent reputations in the field of hemodialysis to join together their products and services to better supply customers with a full range of needed products." Axcan Pharma was founded in 1983 under the name Interfalk Canada Inc. Apart from hemodialysis, it specializes in research and product development in the fields of gastroenterology gastroenterology Medical specialty dealing with digestion and the digestive system. In the 17th century Jan Baptista van Helmont conducted the first scientific studies in the field; William Beaumont published his own observations in 1833. , liver diseases, contraception and the prevention of sexually transmitted diseases Sexually transmitted diseases Infections that are acquired and transmitted by sexual contact. Although virtually any infection may be transmitted during intimate contact, the term sexually transmitted disease is restricted to conditions that are largely including AIDS. It now employs some 100 people and has its head office in Mont Saint-Hilaire Mont Saint-Hilaire (en. Mount Saint-Hilaire) is a mountain in the Montérégie region of southern Quebec. The area surrounding the mountain is a biosphere reserve. Geology , on Montreal's south shore, as well as subsidiaries and offices in Laval, just north of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. , Calgary, and Plattsburgh, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Axcan Pharma recently announced an initial public offering involiving a total of 4 million common shares valued at $24 million Cdn. The common shares have been conditionally approved for listing on the Montreal and Toronto exchanges, subject to the company fulfilling all the requirements of the exchanges on or before March 13, 1996. Althin Medical is a manufacturer of medical devices with facilities in Miami Lakes Florida, Portland Oregon, and Ronneby, Sweden. Althin Medical's product range includes the award winning Drake Willock System 1000 hemodialysis machine along with a full range of hemodialysers, ancillary products as well as clinical and database management systems. Started as a business ten years ago, Althin Medical has become a major medical device manufacturer with approximately $120 million in sales. In addition to its manufacturing sites, it has a network of 15 international sales offices, and a service organization that supports sales in over 70 countries. The shares of Althin Medical AB are traded on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. in Sweden. CONTACT: Leon Gosselin President and CEO (514) 467-5138 or Ken Cavanagh (514) 843-7171 |
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