New Coronado Biosciences unit to acquire and license dermatology products for commercialization

8 October 2014

US biopharma company Coronado Biosciences (Nasdaq: CNDO) has formed a wholly-owned subsidiary, Journey Medical Corporation (JMC), to acquire and license dermatology products.

Under the leadership of Claude Maraoui, chief executive, JMC will begin building a portfolio of dermatological assets focused on acne, steroid responsive dermatoses, pigmentation and antifungals for promotion to dermatologists and pediatricians.

Lindsay Rosenwald, Coronado's chairman, president and CEO, said: "Forming a specialized pharmaceutical company that focuses on dermatology will enable Coronado to diversify its business. Claude has a history of success in commercializing brands at top companies in this space, and we feel confident about his ability to bring this record of success to JMC."

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