BioSpace Collaborative

Academic/Biomedical Research
News & Jobs
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  C2C Services & Suppliers™
Europe
Asia

DIVERSITY

PROFILES
Company Profiles

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Research Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
Get Our Industry eNewsletter FREE email:    
   

Actient Pharmaceuticals LLC Announces Acquisition of Timm Medical Technologies, Inc


1/26/2011 8:54:14 AM

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Actient Pharmaceuticals LLC (“Actient”), a specialty pharmaceutical company, announced today that it has acquired Timm Medical Technologies, Inc. (“Timm Medical”). Timm Medical is a recognized leader in products and services for the diagnosis and treatment of urological disorders, primarily in the area of erectile dysfunction.

p> The acquisition of Timm Medical is consistent with Actient’s strategic focus in urology. Actient is now able to offer pharmaceutical, and medical device and diagnostic solutions, to the urology community.

p> “Timm Medical and the Osbon brand names are synonymous with outstanding quality and service,” said Ed Fiorentino, CEO of Actient. “We look forward to combining the companies and expanding our efforts in providing urology products and services that improve patient outcomes.”

p> “We are excited to join Actient,” commented David Talen, president of Timm Medical. “We believe that Actient will help enhance our position as a valued resource for urologists and patients.”

p> Actient was established in March 2009 in partnership with GTCR, one of the nation’s leading private equity firms. Timm Medical is Actient’s second acquisition since its founding. Actient completed its first transaction in July 2010 to license and acquire six pharmaceutical products from UCB, Inc., an international biopharmaceutical company based in Brussels, Belgium.

p> About Actient Pharmaceuticals LLC

p> Actient Pharmaceuticals is a specialty pharmaceutical company focused on therapeutics to improve patient outcomes. The company was formed to acquire companies and products with a focus on select physician specialties. For more information, please visit www.actientpharma.com.

p> About GTCR

p> Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered the “Leaders Strategy” – finding and partnering with world-class leaders as the critical first step in identifying, acquiring and building market-leading companies through acquisitions and organic growth. Since its inception, GTCR has invested more than $8.0 billion in over 200 companies. For more information, please visit www.gtcr.com.

p> The Harbinger Group Eileen Rochford, 312-953-3305

p> Source: GTCR

p> Copyright Business Wire 2011

Read at BioSpace.com


   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 

//-->