Financial terms of the RIMSO-50 and Cryoserv acquisitions were not disclosed.
RIMSO-50 and Cryoserv were purchased from Edwards Lifesciences ("Edwards").
Together, Cystistat and RIMSO-50
provide a global footprint in urology while Cryoserv gives us entry into the growing market of stem-cell preservation.
Roberts of Canada currently markets and distributes a line of prescription products that include DUVOID, RIMSO-50
, NORPACE, PROBANTHINE, BETNESOL, TRANDATE, and the nonprescription products GLAXAL BASE, BARRIERE and PRENAVITE.
Roberts of Canada began active business operations in September 1991 and currently markets and distributes the urological prescription products DUVOID (urinary retention) and RIMSO-50
(interstitial cystitis) and the prescription cough/cold product CHERACOL.
RIMSO-50 will become the second urological drug marketed by Roberts in Canada, the other product being DUVOID(R), for treatment of urinary retention.
We are very pleased to add RIMSO-50 to our growing line of specialty pharmaceutical products," commented Robert A.