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Company Description (as filed with the SEC)
We are a biopharmaceutical company that develops novel drugs. Our lead drug candidate, REMOXY, is an extended-release oral formulation of oxycodone for the management of moderate-to-severe pain when a continuous, around-the-clock opioid analgesic is needed for an extended period of time. We designed REMOXY to discourage common of tampering and misuse. Pfizer's development of REMOXY was being conducted pursuant to the Pfizer Agreements. References to Pfizer in this Part I, Item 2 and in Part 2, Item 1A include references to its subsidiary King. On October 26, 2014, Pfizer provided us with written notice of termination, or the Termination Notice, of our Collaboration Agreement with Pfizer. Pursuant to the terms of the Termination Notice and the Collaboration Agreement, the effective date of termination of the Collaboration Agreement is six months from October 26, 2014. ... More ...
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