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Jan 2
Stiefel Laboratories, Inc.’s Acquisition of Connetics Corporation, Completed

Effective close of trading last December 28, 2006, shares of Palo Alto, California- based Connetics Corporation will cease to be listed in the NASDAQ Stock Market in lieu of its being acquired by Stiefel Laboratories, Inc.(8068636), the world's largest dermatology-specialized independent pharmaceutical company.

stiefel.jpgThe merger of these two companies (Stiefel and Connetics) unites the innovative skin care products and commercial capabilities of Stiefel Laboratories with the advanced therapies and patented drug-delivery technologies of Connetics resulting in one of the most robust and diverse dermatology product lines in the industry.

Thus, reinforcing the commitment of Stiefel Laboratories to the advancement of dermatology globally and creating one of the largest dermatology product pipelines in the world, merging technology and development expertise to yield significant advancements in the treatment of skin conditions.

The Global Headquarters of Stiefel Laboratories will remain in Coral Gables, Florida while the Marketing and Sales headquarters will remain in Duluth, Georgia.

Source: Stiefel Laboratories, Inc.

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« Nuvo Research, Inc. Received USFDA Approvable Letter for Pennsaid® (Potential New Treatment for Osteoarthritis of the Knee) | Main | Threshold Pharmaceuticals’ Glufosfamide Showing Promising Results in (Ongoing) Phase 2 Clinical Trial for Treatment of Pancreatic Cancer »

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