Inyx Completes Acquisition of 6 Eye-Care Products from AMO
11 Septiembre 2006 - 9:52AM
PR Newswire (US)
NEW YORK, Sept. 11 /PRNewswire-FirstCall/ -- Inyx, Inc. (OTC:IYXI)
(BULLETIN BOARD: IYXI) , a specialty pharmaceutical company focused
on niche drug delivery technologies and products, announced today
that it has completed the acquisition of six eye-care products from
Advanced Medical Optics, Inc. "All six are high-margin products.
Five of the products also can be produced in-house at Inyx, which
should further enhance their profit margins as well as increase
capacity utilization and, in turn, profitability of Inyx's
manufacturing business," said Jack Kachkar, M.D., Inyx Chairman and
CEO. Inyx is assigning all the business and marketing rights on
these over-the-counter (OTC) products to its wholly owned marketing
subsidiary, Exaeris, Inc., expanding Exaeris into the
non-prescription OTC pharmaceutical sector on a global basis. As
part of the acquisition, Exaeris is taking over established
customer relationships with leading mass merchandisers, grocers and
drug wholesalers in the United States as well as licensed
distribution channels in Europe, the Middle East and Asia-Pacific
markets. Under the acquisition, Inyx also has acquired the rights
to the Lens Plus(R) trade name, which is a global brand. The
products acquired and their geographic marketing areas are: * Lens
Plus(R) Aerosol -- a preservative-free, sterile saline solution --
marketed in the United States, Canada, Europe/Middle East and
Asia-Pacific * Lens Plus(R) Rewetter Drops -- a preservative-free,
sterile saline solution -- marketed in the United States * Lens
Plus(R) Daily Cleaner -- a sterile, gentle cleaner for soft contact
lenses -- marketed in the United States * LC-65(R) Daily Contact
Lens Cleaner -- a sterile, gentle but efficient cleaner for gas
permeable, hard and soft contact lenses -- marketed in the United
States, Europe/Middle East and Asia-Pacific * Hydrocare(R) Fizzy
Tablets -- an effervescent, enzymatic cleaner in tablet form --
marketed in the United States, Europe/Middle East and Asia-Pacific
* Total(R) Solution -- a sterile cleaning and wetting solution for
hard contact lenses -- marketed in Europe/Middle East As part of
the transaction, Inyx has acquired AMO's interest in the
intellectual property associated with the acquired products,
including all trademarks and trade names and service marks
(excluding all "Advanced Medical Optics" and "AMO" marks),
copyrights and copyright registrations, and the manufacturing
formulae, specifications, processes, artwork, proprietary molds and
similar equipment and know-how used solely related to the products.
Under the acquisition agreement, Inyx also has "first right of
refusal" over the next year to acquire several additional,
complementary eye-care products that AMO may divest in the future.
About Exaeris Exaeris, Inc., a wholly owned subsidiary of Inyx,
Inc., was formed in 2005 and commenced formal operations in January
2006 to conduct collaborative commercial activities with Inyx
clients and strategic partners as well as the marketing for Inyx's
own products. In September 2005, King Pharmaceuticals, Inc. and
Inyx announced a 10-year strategic collaboration, which includes
Exaeris directing the marketing in the United States and Canada of
King's lead respiratory products, Intal(R) and Tilade(R). In April
2006, Teamm Pharmaceuticals, Inc., the specialty pharmaceutical
division of Accentia Biopharmaceuticals, Inc., announced a
co-promotion agreement through which the companies will co-market
the MD Turbo(TM), a novel breath-activated, dose-counting companion
to metered dose inhalers. About Inyx Inyx, Inc. is a specialty
pharmaceutical company with niche drug delivery technologies and
products for the treatment of respiratory, allergy, dermatological,
topical and cardiovascular conditions. Inyx focuses its expertise
on both prescription and over-the-counter pharmaceutical products,
and provides specialty pharmaceutical development and production
consulting services. In addition, Inyx is developing its own
proprietary products. The company's operations are conducted
through several other wholly owned subsidiaries: Inyx USA, Ltd.,
based in Manati, Puerto Rico; Inyx Pharma Ltd. and Inyx Europe
Limited, which owns and operates Ashton Pharmaceuticals Ltd., all
near Manchester, England; and Inyx Canada, Inc. in Toronto. Inyx,
Inc.'s corporate offices are in New York City. For more
information, please visit: http://www.inyxgroup.com/. Safe Harbor
Statements about the Inyx's future expectations, including future
revenues and earnings, and all other statements in this press
release other than historical facts, are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. Inyx intends that such forward-looking statements be
subject to the safe harbors created thereby. Since these statements
involve risks and uncertainties and are subject to change at any
time, Inyx's actual results could differ materially from expected
results. For more information, please contact: Jay M. Green,
Executive Vice President of Inyx, Inc. 212-838-1111 Bill Kelly,
Vice President Investor Relations of Inyx, Inc. 212-838-1111
DATASOURCE: Inyx, Inc. CONTACT: Jay M. Green, Executive Vice
President, +1-212-838-1111, , or Bill Kelly, Vice President
Investor Relations, +1-212-838-1111, , both of Inyx, Inc Web site:
http://www.inyxinc.com/
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