In this InvestorIntel interview with host Tracy Weslosky, Valeo Pharma Inc.’s (TSX: VPH | OTCQB: VPHIF) Founder, CEO and Director Steve Saviuk talks about closing a US$40 million non-dilutive financing from Sagard Healthcare Partners and explains why Valeo is at “the right place at the right time with the right products.”
In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Steve says that the proceeds from the financing will be utilized to fund acquisition of Canadian rights to 3 growing commercial stage drugs which will “more than double our current revenue run rate.” Providing an update on Valeo’s licensing agreement with Kaléo for the Canadian rights to ALLERJECT® he says, “We are relaunching it. Sales were $4 million last year we expect sales to grow to about $25 million.” Steve also talks about adding ophthalmology as a new therapeutic focus for Valeo with the acquisition of the Canadian license rights to two innovative ophthalmic therapies from Novartis.
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About Valeo Pharma
Valeo Pharma is a pharmaceutical company dedicated to the commercialization of innovative prescription products in Canada with a focus on Respirology/Allergy, Ophthalmology and Specialty Products. Headquartered in Kirkland, Quebec, Valeo Pharma has the full capability and complete infrastructure to register and properly manage its growing product portfolio through all stages of commercialization.
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