Drugs & Pharmaceuticals M&A » By The Online Investor Staff, updated Wed., Apr. 24, 6:16 PM
Recent mergers and acquisitions in the Drugs & Pharmaceuticals M&A category.
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Slide #47. Adamis Pharmaceuticals Corporation — 3M's Taper Dry Powder Inhaler technology
Acquirer:
Adamis Pharmaceuticals Corporation (ADMP)
Acquiree:
3M's Taper Dry Powder Inhaler technology
Details:
Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) announced today that at a closing held on December 27, 2013, it made a final payment of $7 million to fully acquire from 3M Company and 3M Innovative Properties Company certain intellectual property and assets relating to 3M's Taper Dry Powder Inhaler technology under development for the treatment of asthma and chronic obstructive pulmonary disease (COPD). Adamis intends to utilize the assets initially to undertake efforts to develop a dry powder inhaler device for the treatment of asthma and COPD to deliver the same active ingredients as GlaxoSmithKline's Advair Diskus. The intellectual property includes patents, patent applications and other intellectual property relating to the Taper assets.
Adamis Pharmaceuticals is a biopharmaceutical company focused on developing and commercializing products in therapeutic areas, including allergy, opioid overdose, respiratory and inflammatory disease. Co.'s products and product candidates in the allergy, respiratory, and opioid overdose markets include: SYMJEPI™ (epinephrine) Injection 0.3mg for use in the emergency treatment of acute allergic reactions, including anaphylaxis; SYMJEPI (epinephrine) Injection 0.15mg for use in the treatment of anaphylaxis; ZIMHI™ (naloxone HCL Injection, USP) five mg/0.5 mL for the treatment of opioid overdose; and Tempol, an investigational drug. Co. also has a microbicide product candidate, named C31G.
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