Business & Tech
Tredyffrin Pharmaceutical Company Makes $30 Million On Public Offering
The company works on producing opioids and painkillers that deter abuse.
TREDYFFRIN, PA — A Wayne-based pharmaceutical company that produces a variety of pain-treating products made around $30 million from a recent public equity offering, which closed on Tuesday, according to a press release.
Egalet Corporation said that it would use the proceeds to support its commercial sales and marketing efforts, a PR Newswire report states.
Among the opioid and painkilling products offered by Egalet are Arymo Er (morphine sulfate) extended-release tablets for oral use, CII, SPRIX (ketorolac tromethamine) Nasal Spray, and OXAYDO (oxycodone HCI, USP).
Find out what's happening in Tredyffrin-Easttownfor free with the latest updates from Patch.
The company has a track record of creating opioids that deter addicts from abusing them.
They are located on 600 Lee Road in Wayne.
Find out what's happening in Tredyffrin-Easttownfor free with the latest updates from Patch.
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