IGI Laboratories, Inc. Enters Into Agreement To Acquire The Assets Of Canadian Pharmaceutical Company, Alveda Pharmaceuticals, Inc.

Acquisition Will Deliver Contribution to 2015 Financial Results

BUENA, N.J., Oct. 13, 2015 /PRNewswire/ -- IGI Laboratories, Inc. (NYSE MKT: IG), a New Jersey-based specialty generic pharmaceutical company, today announced it has entered into an agreement to acquire the assets of Alveda Pharmaceuticals, Inc. for $47 million CAD in cash. Alveda Pharmaceuticals, Inc. is a Canadian generic pharmaceutical company focused on providing the Canadian healthcare system with essential injectable pharmaceutical products. Products are supplied through Alveda's long-term partnerships with reputable European contract manufacturing organizations. Alveda currently markets 17 molecules in the Canadian market through its 36 injectables and is the market leader in Canada for most of the products in the Alveda catalogue.

Jason Grenfell-Gardner, President and CEO of IGI, commented, "This transaction should deliver contribution to our fourth quarter of 2015 financial results via a profitable commercial platform and growing pipeline of hospital-administered injectable products in Canada. The Alveda management team has a strong track record with the Canadian institutional supply chain including group purchasing organizations, wholesalers, and individual hospitals. The Alveda in-house regulatory team has been quite productive, and, as a result, Alveda currently has a pipeline of 8 products, 4 of which are pending approval by Health Canada.''

''This acquisition allows us to extend our TICO strategy into Canada,'' continued Mr. Grenfell-Gardner. ''This sector of the Canadian market typically offers timely generic approvals from Health Canada, which, together with the Alveda team, should accelerate the growth of IGI in Canada."

Albert Beraldo, President and CEO of Alveda Pharmaceuticals Inc., stated, "IGI's acquisition of the Alveda product line will further accelerate development of our proven business model. IGI provides a fantastic opportunity for the Alveda business to further expand product and service offerings for the benefit of patients throughout Canada." 
The transaction is expected to close before the end of November, 2015, subject to customary closing conditions.

Product Information
Alveda has projected net sales of approximately $16.0M CAD for their fiscal year ended September 30, 2015.
Alveda's marketed injectable products include:
• atropine sulphate
• acetylcysteine
• dimenhydrinate
• ergonovine maleate
• furosemide
• irinotecan
• lidocaine
• lidocaine with epinephrine
• piperacillin tazobactam
• methylene blue
• naloxone
• succinylcholine chloride
• sodium chloride
• sterile water
• epinephrine

About IGI Laboratories, Inc.
IGI Laboratories is a specialty generic pharmaceutical company. Our mission is to be a leading player in the specialty generic prescription drug market.

About Alveda Pharmaceuticals, Inc.
Alveda Pharmaceuticals, Inc. is a Canadian company specializing in the sale and distribution of quality pharmaceuticals. Alveda's dedicated employees are committed to addressing the unmet and under-met medical needs of the Canadian healthcare system.
http://www.alvedapharma.com/ 

For further information: Jenniffer Collins, IGI Laboratories, Inc., (856) 697-4379, www.igilabs.com

IGI Laboratories Announces Approval For Listing On The NASDAQ Global Select Market

BUENA, N.J., Oct. 14, 2015 /PRNewswire/ -- IGI Laboratories, Inc. (NYSE MKT: IG), a New Jersey-based specialty generic pharmaceutical company (the "Company"), today announced that it has been approved for listing on the NASDAQ Global Select Market. Trading on the NASDAQ Global Select Market is expected to commence when the market opens on October 26, 2015. The Company's common stock will continue to trade on the NYSE MKT until the market closes on October 23, 2015.

Jason Grenfell-Gardner, President and CEO of the Company, commented, "We are pleased to announce our listing on the NASDAQ Global Select Market. We believe the move to NASDAQ will improve the visibility of our stock, enhance trading liquidity in our shares, and provide us with greater exposure to a broader base of institutional investors."
About IGI Laboratories, Inc.

IGI Laboratories is a specialty generic pharmaceutical company. Our mission is to be a leading player in the specialty generic prescription drug market.

For further information: Jenniffer Collins, IGI Laboratories, Inc., (856) 697-1441, www.igilabs.com

Chr. Olesen Synthesis A/S Completes Financing

Chr. Olesen Synthesis A/S, the privately held Danish manufacturer of active pharmaceutical ingredients (APIs), announced it has raised EUR10 million through the sale of Series A Preferred Stock to the American private equity firm, Signet Healthcare Partners. Chr. Olesen Synthesis, founded in the 1970's, was taken over in 2012 in a financial restructuring led by Chr. Olesen Group, a 130-year old Danish distribution company. The Company intends to use these proceeds to increase its plant capacity and fund the development of hard-to-produce generic APIs. The partnership is expected to result in a significant increase of the Company's activities in the API market.

"We are very proud that we have succeeded in attracting attention from the international and well experienced Signet Healthcare Partners to partner with us in our API business. Chr. Olesen Synthesis is growing and we are sure to benefit from Signet's experience in both funding and supporting the development of the Company into the next level," says Mads C. Olesen, the Chairman of the Company.

"We are very grateful for the opportunity to become a shareholder in this growing company," said James Gale, a managing director at Signet who will be appointed to the board of Chr. Olesen Synthesis. "We are impressed with the chemical synthesis capability of the Company and its ability to provide excellent service to its customers. With this investment, we believe the business will have sufficient capacity to meet the demand for its APIs in the visible future."

About Chr. Olesen Synthesis A/S
Chr. Olesen Synthesis is a Danish manufacturer of selected APIs and advanced intermediates. Since its establishment in 2011, Chr. Olesen Synthesis has focused on building a new set-up and bringing the plant to a commercial stage. In short, Chr. Olesen Synthesis has successfully developed the manufacturing facility into a commercial multipurpose API manufacturing plant in 4 years.

Chr. Olesen Synthesis is initially active with API's comprising of molecules like Hydromorphone, Codeine Phosphate, Pramipexole, Terbinafine Risedronate, Tolfenamic Acid, Amphetamine derivatives and advanced intermediates for Buprenorphine and Tamsulosin.

Please visit Chr. Olesen Synthesis at chr-olesen.dk

About Signet Healthcare Partners
Founded in 1998, Signet Healthcare Partners provides growth capital to commercial-stage healthcare companies around the world. Over the past 16 years, Signet has organized three funds and completed investments in 44 companies with 26 exits. The team, comprised of five professionals with principal offices in New York City, brings over 100 years of collective healthcare experience in the specialty pharmaceutical, medical device, private equity and investment banking businesses. For more information, please visit Signet online at http://www.signethealthcarepartners.com.

Contact: Contact name: Alice Wedell-Neergaard, awn@chr-olesen.dk, +45-70230700

IGI Laboratories, Inc. Announces Acquisition of Three Commercialized Injectable Products

Products Deliver Contribution To 2015 Financial Results

BUENA, N.J., Oct. 5, 2015 /PRNewswire/ -- IGI Laboratories, Inc. (NYSE MKT: IG), a New Jersey-based specialty generic pharmaceutical company, today announced it has acquired three currently marketed injectable products from Concordia Pharmaceuticals, Inc., S.A.R.L., for $10 million in cash: Fortaz®, ZinacefTM, and Zantac® Injection. According to IMS Health, the current addressable market in the United States for these products is estimated at $26 million as of August 2015.

Jason Grenfell-Gardner, President and CEO of IGI, commented, "This transaction delivers contribution to our fourth quarter of 2015 financial results. It is consistent with our TICO strategy, and accelerates our commercial entry into the sterile injectable market. These products, while branded, compete in genericized markets for these product forms, and thus should allow us to leverage our existing value chain for sales, marketing, and distribution of these products. In addition, ZinacefTM and Fortaz® complement IGI's pipeline of hospital-administered anti-infective injectables, which is a market segment we believe is best served by a portfolio approach. Our business development team will continue to focus on acquiring currently marketed assets that are aligned with our TICO strategy."

About the Products
Zantac® Injection (Ranitidine Hydrochloride) is indicated in some hospitalized patients with pathological hypersecretory conditions or intractable duodenal ulcers, or as an alternative to the oral dosage form for short-term use in patients who are unable to take an oral medication.

Fortaz® (Ceftazidime) is indicated for the treatment of patients with infections caused by susceptible strains of the designated organisms in the following diseases: lower respiratory tract, skin and skin-structure, urinary tract, bacterial septicemia, bone and joint, gynecological, intra-abdominal, and CNS infections.

ZinacefTM (Cefuroxime Sodium) is indicated for the treatment of patients with infections caused by susceptible strains of the designated organisms in the following diseases: lower respiratory tract, urinary tract, skin and skin-structure infections, septicemia, meningitis, gonorrhea, and bone and joint infections

About IGI Laboratories, Inc.
IGI Laboratories is a specialty generic pharmaceutical company. Our mission is to be a leading player in the specialty generic prescription drug market.

For further information: Jenniffer Collins, IGI Laboratories, Inc., (856) 697-4379, www.igilabs.com

Leon-nanodrugs GmbH Raises EUR 18.5 Million In Series A Financing

TVM Capital Life Science leads international syndicate of investors - an additional EUR 3 million investment is expected later in 2015

Munich, Germany, July 27, 2015 / B3C newswire / -- leon nanodrugs GmbH today announced that it completed the first closing of its Series A preferred stock offering at EUR 18.5 million. The financing was led by TVM Capital Life Science, based in Munich and Montreal, with participation from Signet Healthcare Partners (USA), LifeCare Partners (Switzerland), CD-Venture (Germany), Albany Private Equity Holding (Australia), and a non-disclosed Family Office from Germany. Dr. Hubert Birner, Managing Partner, and Stefan Fischer, General Partner & CFO, TVM Capital Life Science, James Gale, Managing Director, Signet Healthcare Partners, Dr. Gerhard Ries, Managing Partner, LifeCare Partners, Dr. Frank Mathias, CEO, Medigene AG, and Dr. Bernd Baumstümmler, CEO, Instillo Group, will be joining the Board of Directors.

leon-nanodrugs was founded by a group of experienced drug development professionals in mid-2011. The company focuses on the reformulation of approved or promising small molecule and protein drug candidates based on its patented and award winning MJR-nanotechnology-platform. leon-nanodrugs develops novel oral and parenteral formulations by using GMP (Good Manufacturing Practice) compliant nanotechnology to improve bioavailability, solubility as well as dissolution rates. leon-nanodrugs will use the proceeds of this Series A financing to expand its profitable service business and to enter into high margin co-development deals with pharmaceutical partners.

Dr. Wolfgang Beier, Medical Director and Co-Founder, explains: “With our unique network of interdisciplinary drug-development capabilities and our leading nanotechnology platform, we are a reformulation expert for high barrier generics for proactive product life-cycle-management or line-extensions as well as the development of novel nano- and micronized drugs.”

Cornelia Beier, Managing Director and Co-Founder of leon-nanodrugs adds: ”We are proud to partner with TVM Capital Life Science’s experienced investment team as the lead investor for our Series A financing. Their global reach will offer us unique opportunities to drive the commercialization of our product candidates on an international scale.”

“This is TVM Capital Life Science’s first investment into a German company since 2009 and we are very pleased to reinforce our footprint as a lead-investor in the German market, especially as we are joined in this financing by reputable investors who have co-invested with us over many years in Germany and abroad”, states Dr. Hubert Birner, Managing Partner with TVM Capital Life Science in Munich and Montreal. ”leon-nanodrugs provides an exciting next-generation-nanotechnology reformulation platform, validated by multiple service collaborations with prominent pharma partners, that will certainly change this market segment in the future – congratulations to the team at leon-nanodrugs for achieving one of the largest Series A financings this year.”

About leon-nanodrugs
leon-nanodrugs GmbH (based in Munich) is a nanotechnology-based drug development company focused on reformulations and reinventions of drugs on a contract or co-development basis. Based on its “network of expertise”, leon-nanodrugs can provide a 360 degree service range – from concept to product approval. The core business is the reformulations to develop novel oral and parenteral formulations and innovative drug combinations, which have not been possible in the past due to low bioavailability caused by low solubility of APIs. The 2014 CPhI Pharma Awards for Best Innovation in Formulation was won by MJR PharmJet GmbH, leon nanodrugs’ exclusive reformulation service partner for its patented nanotechnology. 

About TVM Capital Life Science
TVM Capital Life Science is providing venture capital to the international pharmaceutical, biopharmaceutical and medical technology industries with more than 30-years of transatlantic investment track record and in excess of US$1.3bn under management. TVM Capital Life Science currently invests from its 7th fund generation, TVM Life Science Ventures VII, with an integrated team of investment professionals from Munich and Montreal. www.tvm-capital.com or www.tvm-lifescience.com

About Signet Healthcare Partners
Founded in 1998, Signet Healthcare Partners provides growth capital to commercial-stage healthcare companies around the world. Over the past 16 years, Signet has organized three funds and completed investments in 42 companies with 25 exits. The team, comprised of five professionals with principal offices in New York City, brings over 100 years of collective healthcare experience in the specialty pharmaceutical, medical device, private equity and investment banking businesses. 

About LifeCare Partners
LifeCare Partners is an independent investment firm providing financing to private and public life science companies. LifeCare Partners targets the entire life science industry with special focus on medical technology, diagnostics, biopharmaceuticals, food & nutrition, industrial biotechnology, biomaterials, e-health and bioenergy. Based in Basel, the LifeCare Partners team has successfully invested in more than 30 life science companies over the last years, of which a large number have already been listed on the stock exchange or have been acquired by leading players in the life science industry.

Contacts
leon-nanodrugs GmbH
Cornelia Beier
Managing Director
c.beier@leon-nanodrugs.com
+49 89 414248899-0

TVM Capital Life Science & Healthcare
Monika Schlesinger
Global Communications
schlesinger@tvm-capital.com
+49 89 998992-0

Pfenex Inc. Announces Closing of Public Offering of Common Stock

Pfenex Inc. Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares

SAN DIEGO, April 30, 2015 /PRNewswire/ -- Pfenex Inc. (NYSE MKT: PFNX) a clinical-stage biotechnology company engaged in the development of biosimilar therapeutics including high value and difficult to manufacture proteins, today announced the closing of its previously announced underwritten public offering of 6,750,000 shares of its common stock at a public offering price of $15.50 per share. This includes the exercise in full by the underwriters of their option to purchase up to 750,000 additional shares of common stock from certain selling stockholders. Pfenex sold 2,610,000 shares of common stock and certain existing stockholders of Pfenex sold 4,140,000 shares of common stock. The net proceeds to Pfenex from this offering were approximately $38.0 million, after deducting underwriting discounts and commissions but before deducting estimated offering expenses payable by Pfenex. Pfenex did not receive any proceeds from the sale of the shares by the selling stockholders.

Barclays Capital Inc., Evercore Group L.L.C., and William Blair & Company, L.L.C. acted as joint book-running managers for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on April 23, 2015. The offering was made by means of a prospectus, copies of which may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone: (888) 603-5847 or email:barclaysprospectus@broadridge.com; Evercore Group L.L.C. Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, by telephone: (212) 653-9054, or email: ECM@evercore.com; or from William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, IL 60606, by telephone: (800) 621-0687, or email: prospectus@williamblair.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Pfenex Inc.
Pfenex Inc. is a clinical-stage biotechnology company engaged in the development of biosimilar therapeutics and high-value and difficult to manufacture proteins. The company's lead product candidate is PF582, a biosimilar candidate to Lucentis (ranibizumab), for the potential treatment of patients with retinal diseases. Pfenex has leveraged its Pfenex Expression Technology® platform to build a pipeline of product candidates and preclinical products under development including other biosimilars, as well as vaccines, generics and next generation biologics.

Claris receives Supplemental ANDA approval for Fluconazole Injection in 50 ml PVC Bags

Claris receives Supplemental ANDA approval for Fluconazole Injection in 50 ml PVC Bags Claris will be only company offering Fluconazole Injection USP in 50 ml PVC bags in the US.

Ahmedabad, India, April 21, 2015: Claris Lifesciences Limited (Claris) announced today that it has received the Supplemental Abbreviated New Drug Application (ANDA) approval for Fluconazole Injection in the United States of America (US). Claris currently marketing Fluconazole in 2 mg/ml formulation packed in 100 ml and 200 ml PVC Bags and now with the approval of supplemental ANDA, Claris is the only company to be able to sell Fluconazole in 50 ml variant in the US. By launching this variant Claris will be addressing the need of the medical fraternity.

Claris is one of the few injectables companies from India to have its own front end in the US, the Company markets its products through its wholly owned subsidiary Claris Lifesciences Inc. The Company has 13 ANDAs approved in its name across 8 molecules. The Company has a under registration pipeline of 25 ANDAs across 22 molecules having an estimated addressable market size of USD 2.2 Bn.

Claris Lifesciences Limited (CLL) – for more information about company www.clarislifesciences.com
Claris Injectables Limited (CIL) – for more information about company www.clarisinj.com