MONTGOMERY -Kowa Pharmaceuticals America, Inc., (KPA) a privately-held specialty pharmaceutical company headquartered in Montgomery, AL, has announced plans to divest its unique franchise of diclofenac products, including PRO-513 (proposed trade name: CAMBIATM) for the treatment of acute migraine headache pain and PRO-571 for the treatment of acute pain. KPA has appointed Robert W. Baird & Co. as its exclusive financial advisor with regard to a transaction involving these assets.
After a thorough review of its research & development portfolio, KPA (formerly known as ProEthic Pharmaceuticals, Inc.) has determined that the migraine and pain product candidates are not strategically aligned with KPA’s long-term vision to become a leader in the cardiometabolic therapeutic arena.
“Although this novel diclofenac franchise represents an extremely compelling part of KPA’s portfolio, our foremost priority is our company’s extensive cardiometabolic pipeline. We will continue to focus our resources toward the successful sales and marketing of this pipeline, leveraging our current expertise with LIPOFEN®,”said Ben Stakely, CEO and President of Kowa Pharmaceuticals America.
KPA’s first new cardiovascular candidate is pitavastatin (proposed trade name: LIVALO®), a potent HMG Co-A reductase inhibitor for the primary treatment of hypercholesterolemia and combined (mixed) hyperlipidemia. A new drug application (NDA) for LIVALO® was filed with the Food & Drug Administration (FDA) in October 2008. Pending approval by FDA, KPA is responsible for the commercialization of LIVALO® in the United States.
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