Titan Pharmaceuticals
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Titan Pharmaceuticals, Inc. is a biopharmaceutical company based in San Francisco, CA, developing proprietary therapeutics primarily for treating central nervous system ("CNS") disorders. In September 2018, Titan Pharmaceuticals underwent an IPO wherein it raised $9.5 million in gross proceeds.[1] In the same month, it also posted approximately $1.7 million in revenue, in large part drawn from its licensing for its European intellectual property rights for Probuphine to the Italian pharmaceutical company Molteni – a leading European opioid manufacturer and also a subsidiary of the German Pharmaceutical juggernaut Merck Group.[2][3]
Titan's principal asset is Probuphine,[4][5] a slow-release implant formulation of buprenorphine[6] for the treatment of opioid addiction or chronic pain. FDA Approval was granted on 26 May 2016.[7] It was licensed to Braeburn Pharmaceuticals for marketing and commercialization.[5]
History
The company was founded in 1992 and is headquartered in San Francisco, California.
In August 2022, David Lazar was appointed chairman and CEO.[8] He succeeded Marc Rubin, who had held the position since October 2007.[9]
In 2024, the company entered into a merger agreement and became a wholly-owned subsidiary of BSKE Ltd.[10]
References
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