Trimel Pharmaceuticals - Seeking positive EBITDA with Estrace
06 August 2014 - 6:27AM
InvestorsHub NewsWire
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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