Prasco Affiliate Ups Stake in Printed Pharmaceuticals Specialist Aprecia.
M2 EQUITYBITES-September 11, 2017-Prasco Affiliate Ups Stake in Printed Pharmaceuticals Specialist Aprecia
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11 September 2017 - An affiliate of US-based generic company Prasco Laboratories has purchased additional shares of US-based printed pharmaceuticals specialist Aprecia Pharmaceuticals Co from existing stockholders, the company said.
Prasco and its affiliates plan to leverage Aprecia's proprietary three-dimensionally-printed technology platform to pursue licensing agreements with brand pharmaceutical companies.
The company's focus will be to provide life cycle extension as well as expanded opportunities for new chemical entities.
Aprecia is the world's first and only commercial-stage manufacturer of three-dimensionally printed pharmaceuticals.
Its first 3DP innovation, ZipDose Technology, can be combined with a range of active pharmaceutical ingredients to create rapidly disintegrating oral dosage forms that include multiple therapeutic categories.
Beyond ZipDose Technology, the company sees additional 3DP platforms as a means to provide breakthrough products in multiple dose forms.
With the completion of this stock purchase, Aprecia will remain independent, exclusively focused on providing 3DP product development technology and services.
Its first innovation, ZipDose Technology can be combined with a range of active pharmaceutical ingredients to create rapidly disintegrating oral dosage forms that are easy to take and easy to administer.
Aprecia holds the exclusive worldwide license to the patent estate for pharmaceutical 3DP applications, and plans to license its exclusive patent protected technology to pharmaceutical partners as a means to extend product lines, expand patient reach, and protect market exclusivity for innovator's brand products.
Prasco, generic company, is a privately held healthcare company located in Mason, Ohio.
BMO Financial Group acted as financial advisor and facilitator to Prasco for this transaction.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 11, 2017|
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