ADVISORY, June 18, 2014 (GLOBE NEWSWIRE) --
Parnell Pharmaceuticals (Nasdaq:PARN), a fully integrated veterinary pharmaceutical company focused on developing, manufacturing and commercializing innovative animal health solutions, will visit the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) which occurred on The NASDAQ Stock Market today, June 18.
In honor of the occasion, Robert Joseph, Chief Executive Officer will ring the Opening Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Wednesday, June 18, 2014 – 9:15 a.m. to 9:30 a.m. ET
Parnell Pharmaceuticals Contact:
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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A webcast of the NASDAQ Opening Bell will be available at: https://new.livestream.com/nasdaq/live or http://www.nasdaq.com/about/marketsitetowervideo.asx
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About Parnell Pharmaceuticals (NASDAQ: PARN):
Parnell is a fully integrated veterinary pharmaceutical company focused on developing, manufacturing and commercializing innovative animal health solutions. Parnell currently markets five products for companion animals and production animals in 14 countries and augments its pharmaceutical products with revolutionary digital technologies – iKAM and mySYNCH. These digital applications are designed to optimize the benefits veterinarians and animal owners can obtain from Parnell's best-in-class products.. Parnell believes its unique combination of pharmaceuticals with cutting edge technology solutions establishes them as a business partner with veterinarians and enhances the quality of life of companion animals and production efficiencies for farmers.
In the last decade, Parnell has significantly enhanced its core competencies across the entire pharmaceutical value chain including the 2012 FDA approval of its sterile manufacturing facility located in Sydney, Australia which provides a low-cost and reliable supply of their own products and with 75% available capacity Parnell is seeking contract manufacturing and pipeline expansion opportunities.
Parnell intends to leverage these core competencies to bring at least seven new products to market over the next five years, addressing up to 12 indications, with a particular focus on the companion animal sector. Parnell's fully-integrated, pharmaceutical value chain positions them to effectively and efficiently leverage current product portfolios, expand and scale their pipeline and elicit attractive in-licensing or acquisition opportunities.
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