Elan Corp., Dublin, Ireland, will acquire Carnrick Laboratories from GWC Health Inc. for $150 million, élan announced in late April.
Elan Corp., Dublin, Ireland, will acquire Carnrick Laboratories from GWC Health Inc. for $150 million, élan announced in late April.
Carnrick, a privately owned pharmaceutical company founded in 1899, markets and distributes products to general practitioners and pain specialists in the United States and Puerto Rico. Its major product is Skelaxin® (metaxalone), a product indicated for the relief of acute painful muscoskeletal conditions.
"The acquisition of Carnrick will significantly expand our neuromuscular portfolio of directly marketed products," said Donal J. Geaney, élan's chairman and CEO. "The transaction will provide further promotion opportunities through the addition of Carnrick's 130-person sales force. This will bring élan's U.S. sales organization to a total of 280 representatives."
The acquisition will also accelerate élan's development of its U.S. pharmaceuticals business by increasing the range of products it offers, and enhance its capability to exploit a pipeline of late-stage products currently in development.
Carnrick will operate as a business unit of Athena Neurosciences, élan's existing neurology division. Edmond Bergeron, Carnrick's current chairman and CEO, will continue in that position, and no layoffs have been announced.
Financially, Carnrick is small but healthy. The company recorded net sales of $51.2 million for the 12-month period ending last December. In comparison, élan reported $54.5 million in net income for the quarter ending March 31, 1998.
The purchase of Carnrick, which still awaits federal approval, is élan's second major acquisition in recent months; in February, it acquired Miramar, FL-based Sano Corp. PR
Beyond the Prescription: Pharma's Role in Digital Health Conversations
April 1st 2025Join us for an insightful conversation with Jennifer Harakal, Head of Regulatory Affairs at Canopy Life Sciences, as we unpack the evolving intersection of social media and healthcare decisions. Discover how pharmaceutical companies can navigate regulatory challenges while meaningfully engaging with consumers in digital spaces. Jennifer shares expert strategies for responsible marketing, working with influencers, and creating educational content that bridges the gap between patients and healthcare providers. A must-listen for pharma marketers looking to build trust and compliance in today's social media landscape.
Beyond the Prescription: The Role Pharma Plays in Digital Health Conversations
April 1st 2025As social media continues to influence healthcare communication, it presents both challenges and opportunities for the pharmaceutical industry. In this interview, Jennifer Harakal of Canopy Life Sciences discusses balancing compliance with effective digital engagement to build trust and facilitate meaningful healthcare conversations.