Amring Pharmaceuticals Inc. Announces Name Change to Nordic Pharma, Inc. Under New Nordic Group, B.V. Ownership
Amring Pharmaceuticals Inc. (“Amring”) announces its name change to Nordic Pharma, Inc. on March 4, 2024, following the change in ownership of the company from SEVER Life Sciences, B.V. to Nordic Group, B.V., a subsidiary of SEVER Life Sciences B.V., which occurred on June 1, 2023.
The change in the corporate name provides for better alignment strategically with the parent company headquartered in the Netherlands and its subsidiaries worldwide. Together, the companies look to expand the global footprint in Eye Care, Rheumatology, Woman’s Health, and Critical Care for branded products as well as strengthening their generic product business in the U.S.
As part of this growth strategy, Nordic Pharma recently acquired Visant Medical, Inc., a leader in medical technology innovation in Dry Eye Disease (DED). The acquisition included the FDA cleared hyaluronic acid derivative LACRIFILL® canalicular gel, which is intended to temporarily block tear drainage by the occlusion of the canalicular system. Nordic Pharma will be launching LACRIFILL in the U.S. in Q2 2024 followed by a global rollout.
Charlotte Phelps, CEO of Nordic Pharma said, “The strategic acquisition and merger of the US business unit is a cornerstone of Nordic Pharma’s global expansion. With a range of ophthalmology products currently in phase II development, combining this with our existing assets and leveraging the expertise of our US leadership in ophthalmics is imperative for driving the success of these programs.”
“I’m excited to be leading Nordic Pharma U.S. at this dynamic stage of the company as we continue focusing on providing quality generics to our customers and their patients in the U.S. while building out an innovative proprietary ophthalmic business,” said Philip Gioia, President of Nordic Pharma U.S. “The timing could not be better as new ophthalmic innovations are becoming near-term ready for commercialization and I believe Nordic Pharma can capitalize and compete effectively as a newer specialty ophthalmic player in the U.S. and globally.”
