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Connetics Corp history
Connetics Corp company history timeline
After Eli Lily, Wiggans spent a dozen years serving in various executive capacities at Ares-Serono Group, a pharmaceutical company, leaving in 1992 to serve as president and chief operating officer of CytoTherapeutics.
Public Company Incorporated: 1993 as Connective Therapeutics, Inc.
In June 1994, Connective Therapeutics signed its agreement with XOMA, giving it technology and patent rights to TCR (T-cell Receptor) Peptide, a vaccine product used to treat multiple sclerosis and rheumatoid arthritis.
By the end of December 1996, the company was able to post its first sales figure, $428,000.
The company took an important step toward that end in early 1998, when it signed a licensing agreement with Soltec Research Pty Ltd. to develop and bring to market the Australian company's Clobetasol mousse in North America.
After years of waiting, Connetics began selling the first product it developed in-house, receiving approval from the FDA in March 1999.
Connetics' conversion to a dermatology-only company was completed in 2001.
"Connetics Corporation ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/connetics-corporation
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