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In Brief: Elan/RTP Pharma

Executive Summary

Elan/RTP Pharma: Companies establish The Cyclosporine Company, an Ireland-based partnership chaired by RTP Pharma CEO Gary Pace, PhD. Elan will invest $12.5 mil. in equity and debt in RTP, part of which may be converted into up to 50% of TCC. Both companies will contribute their work on cyclosporine reformulations to TCC, including RTP's Insoluble Drug Delivery oral and injectable formulations and a combination oral dose formulation with omega 3 fatty acids...

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