TBUFF (0.39) – Tribute Pharmaceuticals is an emerging Canadian specialty pharmaceutical company with a primary focus on the acquisition, licensing, development and promotion of healthcare products in Canada. Market Cap: $20M OS Shares: 51.0M
TBUFF has an experienced management team and board, which includes John Gregory who Founded and built King Pharmaceuticals (formerly NYSE:KG) which was sold to Pfizer for $3.6 billion. He is managing partner of SJ Strategic Investments, a family owned investment management firm. Mr. Gregory owns 16% of Tribute. Robert Harris the President & CEO held executive positions at Biovail Corporation including VP of Business Development and GM of Biovail’s Canadian commercial group ,where he helped grow revenues to $150M within four years, leading to Biovail’s acquisition by Valeant (NYSE:VRX) for $3.2 billion. 20 years at Wyeth, now division of Pfizer (NYSE:PFE),where as Director of Sales of Specialty Care group he built out Canadian market segment.
Tribute Pharmaceuticals Canada Inc.’s current portfolio of assets includes nine products: NeoVisc®, NeoVisc® Single Dose, Uracyst®, BladderChek®, Bezalip® SR, Soriatane®, Cambia®, Daraprim®, Collatamp G® and MycoVa™. Each of these products has received regulatory approval in Canada, with the exception of MycoVa.
TBUFF sells Cambia for acute migraine, in Canada. The medication is sold in a sachet form, a powder mixed with a couple of ounces of water. It is extremely fast acting. Nautilus Neurosciences has licensed Cambia to TBUFF. A month ago, Depomed acquired Cambia US rights from Nautilus for $49 million: http://finance.yahoo.com/news/depomed-acquires-cambia-diclofenac-potassium-210500674.html
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