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Meditech

This article was originally published in The Tan Sheet

Executive Summary

Firm plans to use proceeds from stock offering to regionally launch and market an OTC cold sore treatment by August, with a national rollout planned for January 2002. Zorex will contain a monographed ingredient for pain and symptoms of cold sores, as well as Scottsdale, Ariz.-based Meditech's MTCH-24 compound. Company also will use funds from sale of up to 73 mil. shares to complete clinical trials supporting an NDA for MTCH-24 as an OTC active for treatment of cold sores. Meditech is in talks with several pharma companies regarding licensing rights for Rx and OTC drugs containing MTCH-24. Results of company-funded study on Zorex's efficacy in treating herpes simplex will be presented at International Conference on Antiviral Research in Seattle April 10
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