Friday, October 31, 2014
Transcept Pharmaceuticals of Point Richmond, Calif., and Boston-based Paratek Pharmaceuticals, a privately held biopharmaceutical company, have agreed to merge, with Paratek stockholders becoming the majority owners of Transcept. The operations of the two companies will be combined and the new entity will be named Paratek Pharmaceuticals.
Transcept Pharmaceuticals, a specialty pharmaceutical company focused on development and commercialization of proprietary products that address important therapeutic needs in neuroscience, has announced plans to reduce expenses through a reduction in force and a restructuring of its board of directors. Transcept plans to adopt these changes to conserve cash while it evaluates strategies to maximize value for shareholders.
Transcept Pharmaceuticals, a specialty pharmaceutical company focused on the development and commercialization of proprietary products to address therapeutic needs in neuroscience, and Shin Nippon Biomedical Laboratories (SNBL) have entered into an exclusive worldwide licensing agreement for a novel, rapidly absorbed treatment for acute migraine incorporating dihydroergotamine (DHE) as the active drug.