CoTherix
From Wikipedia, the free encyclopedia
| CoTherix, Inc. | |
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| Type | Subsidiary |
| Founded | 2000 |
| Headquarters | South San Francisco, California |
| Key people | Donald J. Santel, CEO & Director |
| Industry | Pharmaceutical |
| Products | Ventavis |
| Revenue | $63 million USD |
| Employees | 100 |
| Website | www.cotherix.com |
CoTherix, Inc. was a biopharmaceutical company located in South San Francisco, California. CoTherix focused on licensing, developing and commercializing therapeutic products for the treatment of cardiopulmonary and other chronic diseases. The company, formerly known as Exhale Therapeutics, Inc., was founded in February 2000 by Gerard Turino, MD, a past president of the American Thoracic Society, and Jerome Cantor, MD, a pulmonary pathologist.
CoTherix's commercial product was "Ventavis (iloprost)", an inhaled therapy for pulmonary artery hypertension (PAH). It was approved by the United States Food and Drug Administration in December 2004, two months after the company's initial public offering of 5 millions shares of common stock.
CoTherix inlicensed Fasudil from Asahi Kasei and its commercialization rights in the U.S. and Europe.
On November 20th 2006, CoTherix agreed to be purchased for $420 million in cash by Actelion of Basel, Switzerland. On January 9th, 2007, the deal closed with Actelion paying $13.50 for each share of CoTherix stock.
