`Silvergate Pharmaceuticals, Name Change To
`Azurity Pharmaceuticals
`
`NEWS PROVIDED BY
`CutisPharma, Inc. =
`Jun 12, 2019, 06:00 ET
`
`WOBURN, Mass., June 12, 2019 /PRNewswire/ -- CutisPharma, Inc. announced today its acquisition of
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`Silvergate Pharmaceuticals, Inc. and the unveiling of its new corporate brand for the unified company:
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`Azurity Pharmaceuticals.
`
`"l am thrilled to announce the combination of two strong companies with a rich legacy meeting the needs
`of underserved patients, such as children and the elderly," said Neal I. Muni, MD, MSPH, Azurity
`Pharmaceuticals' Chief Executive Officer. "Azurity's mission, to make safe, high-quality treatments for
`patients requiring customized formulations for their care, is significantly bolstered by our combined
`
`resources and capabilities."
`
`NovaQuest Capital Management, LLC, the majority owner of Azurity Pharmaceuticals, supported
`CutisPharma and its management team in the transaction. Goldman Sachs Specialty Lending Group
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`continues to support the company as a lender and arranged the debt financing for the transaction.
`
`Azurity's management team will be comprised of leaders from both the legacy CutisPharma and Silvergate
`teams. Azurity's Corporate Headquarters and Manufacturing Facility will be located in the Greater Boston
`area (Woburn, MA and Wilmington, MA, respectively); its R&D Campus will be located outside Kansas City,
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`MO and the Corporate Satellite Campus will be located outside Denver, CO.
`
`g
`HELSINN EXHIBIT 2011
`
`Azurity Pharmaceuticals, Inc. v. Helsinn Healthcare S.A.
`Page 1 of 3 IPR2025-00948
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`Both companies have achieved several key milestones over the past year, including CutisPharma's FDA
`approval and launch of FIRVANQ" (vancomycin hydrochloride) for oral solution for the treatment of
`Clostridium difficile-associated diarrhea in early 2018, and Silvergate's submission of a New Drug
`Application (NDA) for its lead pipeline drug, SG-05, to the FDA, currently under review. Together as one
`company, Azurity will offer its valued customers a comprehensive portfolio across 12 products that serve
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`multiple therapeutic areas.
`
`About Azurity Pharmaceuticals
`
`Azurity Pharmaceuticals is a privately-held specialty pharmaceutical company formed by the acquisition of
`Silvergate Pharmaceuticals, Inc. by CutisPharma, Inc., in May 2019. Azurity focuses on the needs of
`patients, especially children and the elderly, requiring customized, user-friendly drug formulations. Azurity's
`products, including Epaned” (enalapril maleate) Oral Solution, Qbrelis® (lisinopril) Oral Solution, Xatmep®
`(methotrexate) Oral Solution, FIRVANQ® (vancomycin hydrochloride) for oral solution, and FIRST® Unit-of-
`Use Compounding Kits have benefited millions of patients who are unable to swallow conventional oral
`dosage forms such as tablets and capsules and whose needs are not served by other commercially
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`available therapies. For more information, visit www.azurity.com.
`
`SOURCE CutisPharma, Inc.
`
`Related Links
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`http://www.cutispharma.com
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