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Ovation Pharmaceuticals, founded in 2000 by Jeffrey Aronin, is a manufacturer of pharmaceuticals products including the popular-selling ADHD medicine Desoxyn, brand name for methamphetamine hydrochloride, and Vigabatrin which is an anticonvulsant that inhibits the catabolism of GABA and is indicated for epilepsy and substance abuse.
Ovation is a privately held corporation based on a business model of acquiring mature but under-promoted pharmaceuticals, as well as pharmaceutical candidates which are far along the development and FDA certification processes. The headquarters of Ovation Pharma is located in Deerfield, Illinois. A major office is also located near Lebanon, New Jersey.
In March 2009, the private equity firm GTCR, Ovation, and Lundbeck, announced the Lundbeck had purchased Ovation for $600 million in cash, with further payments of up to $300 million based on regulatory approvals for vigabatrin, an epilepsy drug that was under development at the time.
- PRnewswire. 7 August 2003. Press release: Ovation Pharmaceuticals Acquires Mebaral(R), Chemet(R), and Winstrol(R) From Sanofi-Synthelabo Inc.
- Reuters. 19 Mar, 2009 Press Release: GTCR Completes the Sale of Ovation Pharmaceuticals to Lundbeck
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