Amicus Therapeutics went public in the year 2007. Before that, it was sourcing its funding from a variety of Venture Capital firms. The company was founded on February 4th, in the year 2002. It’s located in the State of New Jersey.
The company mainly has developed a focus revolving around lysosomal storage disorders and other rare orphan diseases. The company mainly develops its pharmaceutical products based on Chaperone-Advanced Replacement Therapy commonly known as CHART. It has also focused on coming up with Enzyme Replacement Therapies (ERTs). Interesting to note, in the year 2014, the company, Amicus bio-pharmaceuticals was considered as being in possession of a wide range of small molecule pharmacological chaperones among the pharmaceutical industries.
For instance, the company had sold a pharmacological chaperone treatment for Fabry Disease commonly known as migalastat which used the trade name of Galafold. The drug mainly is used to make endogenous mutant alpha-galactosidase stable. Amicus Therapeutics has also partnered with other pharmaceutical companies such as GlaxoSmithKline (gsK) and JCR Pharmaceutical from the year 2010 to 2013 to research and deeply study about the co-formulation with recombinant alpha-galactosidase.
Amicus Therapeutics encountered financial challenges in the year 2009 when one of its funding partner, Shire, ended a contract. After that, Amicus Therapeutics faced significant setbacks although it managed to survive by all means necessary using funds from the initial contract with Shire. The firm was also forced to lay off some of the workers. For instance, about 20 percent of the total workforce was reduced.
In the year 2013, Amicus Therapeutics successfully purchased Callidus Biopharma which was mainly focused on developing therapy treatment for Pompe disease. Callidus Biopharma was the main competitor of Amicus Therapeutics. The purchase meant that proprietary materials and intellectual property of Callidus bio pharma now belonged to Amicus therapeutics.
The CEO of the company has been John F. Crowley since the year. Through his exquisite managerial skills, he has been able to lead the firm through financial challenges. Amicus Therapeutics has been able to grow exponentially over the years. Its specialty in chaperone related therapeutics has made the firm earn recognition.
More Here: Facebook | Crunchbase | Twitter |
Health issues are very critical, and one has to take good care of their bodies to avoid heath complications. Although at times it ‘s hard to prevent diseases it is much easier to take precautions and save in the case of any emergency. Several pharmaceutical firms offer health insurance in America.
Innovacare is one of the leading medical management service providers located in Northern America. The medical organization has been delivering their services as well as products in two ways including Medicare Advantage, and Medicaid programs. Innovacare has experienced staff that is committed to distributing quality healthcare by designing models that are suitable, cost effective, and which is advanced in technology. The medical organization is founded on a high mission of redefining health administration to meet the challenges facing the pharmaceutical industry today. Innovacare’s vision is to build strong customer care relationship, as it focuses on offering reliable, affordable, and innovative, custom-made services and products. Read this article about Innovacare at Yahoo Finance
The values of the organization are;
- Quality medical care; Innovacare considers this as its end goal in all its activities.
- Health care management works best: it holds its stakeholders accountable to high standards of quality and transparency.
- Patients come first.
- Expansion as an organization
- Modernized medical care and practices.
- Strong customer relationship.
Innovacare has qualified management team that has vast experience in the field. To be able to deliver quality services and products to their clients, the medical company added executives in the enterprise. Follow Innovacare at LinkedIn
Penelope Kokkinides: she was recently appointed as the Chief Administrative Officer of Innovacare. She brings with him his vast experience of over two decades in the medical industry. She specializes in the developing clinical programs and managing health care. Penelope has also served as the Executive Vice President and the Chief Operating Officer for CenterLight Healthcare. Other top positions she has held include Chief Operating Officer of TouchStone Health among others.
Dr. Richard Shinto: Dr. Shinto is the Chief Executive Officer and the President of Innovacare. Before becoming g the Chief Executive Officer of Innovacare, Shinto served as the Chief Executive Officer and the President of Av eta Inc. before it was sold. Dr. Shin to has a vast experience in the medical management. He has also worked in several other medical institutions including; NAMM California where he served as the Chief Medical Officer, Cal-Optima Health plan as the Chief Medical Officer, and Med Partners as the Vice President for Medical Management. Shinto is a go-getter who has written several books on medical topics. He attended State University for his degree in medicine and MBA from the University of Redlands.