Article: Tenby Pharma emerges with $25M financing.(Tenby Pharma)(Sirion Therapeutics)(Brief article)

Florida, USA-based Tenby Pharma has announced its acquisition of Sirion Therapeutics as a wholly-owned subsidiary. From Tenby's inception until the consummation of the Sirion acquisition, the former was a shell company with no business or operations and only nominal assets. Pursuant to the transaction, Sirion's former stockholders acquired control of Tenby, which became the parent holding company for Sirion and its businesses. Additionally, in connection with this transaction, Tenby secured $25.0 million in financing from funds affiliated with North Sound Capital to develop and commercialize the Sirion portfolio of products.

It is anticipated that Tenby Pharma ...

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