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Merck Acquiring Inspire Pharmaceuticals
Posted By Dr. Ari Weitzner On April 7, 2011 @ 12:29 pm In Industry News | Comments Disabled
Merck announced earlier this week that it will be acquiring Inspire Pharmaceuticals, which manufactures ophthalmic treatments such as AZASITE (azithromycin ophthalmic solution) 1% for the treatment of bacterial conjunctivitis, and ELESTAT (epinastine HCl ophthalmic solution) 0.05% for the prevention of ocular itching associated with allergic conjunctivitis.
Inspire also receives royalties based on net sales of RESTASIS® (cyclosporine ophthalmic emulsion) 0.05% and DIQUAS(TM) Ophthalmic Solution 3% (diquafosol tetrasodium) in Japan.
Merck described the acquisition as part of its long-term commitment to improving therapeutic options for the treatment of eye diseases.
Click here [1] to read the full press release.
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[1] Click here: http://ir.inspirepharm.com/phoenix.zhtml?c=120779&p=irol-newsArticle&ID=1546840&highlight=
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