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Thread: Aclaris are the new owners of Rhofade

  1. #1

    Default Aclaris are the new owners of Rhofade

    News today that the previous owners of the intellectual property that spawned the product we know as Rhofade, have purchased the rights to buy it back from Allergan. So those responsible for creating the company that originally created the oxymetazoline based topical, and then sold it to Allergan in 2011 are now purchasing the product back again.
    The deal is worth $65m, and will see Aclaris become the owners of Rhofade, its patents and worldwide distribution. Another unnamed dermatology product is also included in the transfer.

    Rhofade has been available since 2017 and had in general received good reviews online. The article claims that the last of the patents protecting Rhofade will only expire in 2035.

    Rosacea Market is busy

    Along with the possible sale of Galderma and the sale of Finace to Leo Pharma, there is certainly a lot happening in the rosacea market.
    Given that Rhofade appears to be a successful product the question remains as to why Allergan no longer wants to keep Rhofade in its extensive product portfolio.

    Press Release

    Aclaris Therapeutics to Acquire Worldwide Rights to RHOFADE from Allergan
    WAYNE, Pa., Oct. 15, 2018 (GLOBE NEWSWIRE) — Aclaris Therapeutics, Inc. (NASDAQ:ACRS), a dermatologist-led biopharmaceutical company focused on identifying, developing, and commercializing innovative therapies to address significant unmet patient needs in aesthetic and medical dermatology and immunology, today announced it has entered into a definitive asset purchase agreement with Allergan Sales, LLC to acquire worldwide rights to RHOFADE® (oxymetazoline hydrochloride) cream, 1% and additional intellectual property.
    The acquisition includes an exclusive license to certain intellectual property for RHOFADE, which is approved for the topical treatment of persistent facial erythema (redness) associated with rosacea in adults.
    This transaction, which is subject to customary closing conditions, including certain governmental regulatory clearances, is expected to close in the fourth quarter of 2018. Allergan has agreed to provide support to Aclaris to allow for a smooth transition of RHOFADE.
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  2. #2
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    Selling it because it has bad reviews and hardly anyone is using or continues to purchase.
    Is this not just another weaker version of miravaso.
    I’m very angry at the people who make these creams. They write this **** as if rhofade was a success...they even mention it was a success. They mention this because it was a financial success for them but not a success for rosacea sufferers.
    Money is the only thing that they care about. This cream was doomed from the start.

  3. #3
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    Quote Originally Posted by RaymondS View Post
    Selling it because it has bad reviews and hardly anyone is using or continues to purchase.
    Is this not just another weaker version of miravaso.
    I’m very angry at the people who make these creams. They write this **** as if rhofade was a success...they even mention it was a success. They mention this because it was a financial success for them but not a success for rosacea sufferers.
    Money is the only thing that they care about. This cream was doomed from the start.
    On the other hand, nobody would want to buy useless portfolio?
    Maybe Aclaris is richer and has more expertise in bringing products globally?

  4. #4

    Default

    It is their product from the beginning, so they would know it's efficacy better than anyone.

    They are buying it back now that it is approved, and taking a big loan to do it.

    So it is clearly not being sold because it "doesn't work."
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