Trimel (TSX:TRL) has acquired Canadian rights to Estrace (oral 17-beta estradiol) for C$44.5m from Shire. This profitable asset, with US$9-10m in annual sales, complements Trimel's existing hormone replacement pipeline. The transaction fits with the goal to become EBITDA positive within 12-18 months, although future Natesto-related revenue (upon completion of a partnership transaction) will be the key driver towards this objective.

Trimel is a Canadian specialty pharmaceutical company. Natesto and Tefina deliver testosterone through a bio-adhesive nasal gel drug delivery technology platform, for male hypogonadism and female orgasmic disorder (FOD), respectively. Estrace is being marketed for HRT in Canada.

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