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Oceana Therapeutics

oceanatherapeutics.com

Founded Year

2008

Stage

Acquired | Acquired

Valuation

$0000 

About Oceana Therapeutics

Oceana Therapeutics is a specialty pharmaceutical company focused on commercializing late-stage and FDA-approved assets. In November 2011, Oceana Therapeutics was acquired by Salix Pharmaceuticals for $300 million in cash.

Headquarters Location

2035 Lincoln Highway

Edison, New Jersey, 08817,

United States

732-318-3800

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Latest Oceana Therapeutics News

Salix to Buy Oceana

Nov 10, 2011

By Angela Sormani Salix Pharmaceuticals said it would buy privately held Oceana Therapeutics for $300 million in cash to gain access to Oceana’s urology treatments, wrote Reuters. (Reuters) – Salix Pharmaceuticals Ltd said it would buy privately held Oceana Therapeutics for $300 million in cash to gain access to Oceana’s urology treatments. Oceana Therapeutics’ bowel control treatment Solesta was approved by the U.S. Food and Drug Administration in May. Its other approved treatment, Deflux, is used to treat abnormal flow of urine in children. Salix said Solesta peak-sales could exceed $500 million. Salix expects the deal to modestly add to its 2012 earnings and be highly accretive thereafter. The deal is expected to close in December 2011. Separately, Salix reported third-quarter earnings that beat market estimates and raised its 2011 revenue outlook. Shares of Salix closed at $34.65 on Tuesday on Nasdaq. © 2015 Buyouts Insider / Argosy Group LLC

Oceana Therapeutics Frequently Asked Questions (FAQ)

  • When was Oceana Therapeutics founded?

    Oceana Therapeutics was founded in 2008.

  • Where is Oceana Therapeutics's headquarters?

    Oceana Therapeutics's headquarters is located at 2035 Lincoln Highway, Edison.

  • What is Oceana Therapeutics's latest funding round?

    Oceana Therapeutics's latest funding round is Acquired.

  • Who are the investors of Oceana Therapeutics?

    Investors of Oceana Therapeutics include Salix Pharmaceuticals, New Enterprise Associates, Domain Associates and Quaker BioVentures.

  • Who are Oceana Therapeutics's competitors?

    Competitors of Oceana Therapeutics include Zogenix, EUSA Pharma, Alimera Sciences, Ology Bioservices, Salix Pharmaceuticals and 12 more.

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