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US WORLDMEDS, LLC (SOLSTICE NEUROSCIENCES, LLC)

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US WORLDMEDS, LLC (SOLSTICE NEUROSCIENCES, LLC) - Healthcare showcase

Year Founded & Workforce

2001

100 Employees

Industry

Healthcare

Services

Botulinum Toxin
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US WORLDMEDS, LLC (SOLSTICE NEUROSCIENCES, LLC) Overview

Company Headquarters: Louisville, US

Founded: 2001

Workforce: ~ 51-100

Company Working:

US WorldMeds, LLC, is engaged in developing, manufacturing, and marketing a wide range of pharmaceuticals products primarily in therapeutic areas related to Parkinson’s disease, cervical dystonia, malignant hyperthermia. The company acquired Solstice Neurosciences, LLC, in the year 2010 and acquired its iconic product Myobloc. Some of the major brands of US WorldMeds, LLC, include Apokyn, Lucemyra, Corgard, Myobloc, Revonto, and Xadago. The company manufactures Myobloc which is the only botulinum toxin type B product available in the market.

Strategy

US WorldMeds, LLC concentrates on neurological, neuromuscular, and pain disorder therapeutic areas and develops innovative substitutes that are cost-effective and efficient. The company primarily focuses on the domestic market for revenue generation. Moreover, it is also engaged in increasing the product portfolio via R&D investments.

Company Snapshot

100

Employees

2001

Founded

Louisville, US

Headquarters

SWOT Analysis

Strengths

  • Unique product portfolio
  • Strong domestic presence
  • Strong R&D

Weaknesses

  • Dependency on the American market for revenue generation

Opportunities

  • Increasing opportunities in innovative product development
  • Strategic licensing agreements with large and small companies to increase the company’s distribution channel

Threats

  • Fluctuating currency rates
  • Increase in competition

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Key Developments

DateApproachDevelopment
August 2019Product ApprovalThe US FDA approved the supplemental biologics license application for Myobloc (rimabotulinumtoxinB) injection for the treatment of chronic sialorrhea.

Product Offering

  • US WORLDMEDS, LLC (SOLSTICE NEUROSCIENCES, LLC)
    • Botulinum Toxin

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