US WORLDMEDS, LLC (SOLSTICE NEUROSCIENCES, LLC)

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

Key Developments

Date	Approach	Development
August 2019	Product Approval	The 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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