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Pozen Procured Tribute Pharma for US$146 million

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Published on : Jun 10, 2015

POZEN Inc., a pharmaceutical organization focused on creating medication that changes lives, has procured Tribute Pharmaceuticals Canada Inc., a Canadian claim to fame pharmaceutical organization, in an exchange esteemed at roughly US$146 million. Endless supply of the securing, which is relied upon to happen in the final quarter of 2015, the consolidated organization will be known as Aralez Pharmaceuticals plc. and domiciled in Ireland. After shutting, Aralez is required to exchange on NASDAQ and TSX. 

The procurement will make a chief claim to fame pharmaceutical organization with a wide arrangement of business items and a development arrangement concentrated on inventive items and acquisitions and the commercialization of portfolio items in the United States and Canada. The Company will likewise be very much situated to grow its remote vicinity through potential worldwide deals and permitting, assembling and item advancement. 

Today, POZEN's lead exclusive item is Yosprala, a facilitated conveyance tablet intended to give the cardiovascular advantage of ibuprofen while lessening its gastrointestinal reactions. POZEN additionally has two business torment items, Vimovo and Treximet, which are promoted by accomplices around the world. Tribute's exceptionally integral portfolio incorporates Fibricor, Bezalip SR and Visken/Viskazide for different cardiovascular evidences; Cambia and Fiorinal and Fiorinal C for intense headaches and pressure migraines, separately; and a scope of other forte items. Tribute likewise is seeking after dynamic and progressing business improvement exercises. 

With this establishment, and with the critical speculation drove by Deerfield and including QLT Inc. what's more, other co-speculators, the organization plans to manufacture a strength pharmaceutical stage with a starting concentrate on the commercialization of Yosprala and other cardiovascular items.