Sucampo Pharmaceuticals

Last updated
Sucampo Pharmaceuticals, Inc.
Industry Pharmaceutical industry
Founded1996;26 years ago (1996)
DefunctFebruary 12, 2018;3 years ago (2018-02-12)
FateAcquired by Mallinckrodt
Headquarters Rockville, Maryland
Key people
Peter Greenleaf (CEO and (Chairman)
Andrew P. Smith (CFO)
Products Amitiza
RevenueIncrease2.svg $230 million (2016)
Decrease2.svg $18 million (2016)
Total assets Increase2.svg $520 million (2016)
Total equity Increase2.svg $167 million (2016)
Number of employees
139 (2017)
Website www.sucampo.com   OOjs UI icon edit-ltr-progressive.svg
Footnotes /references
[1]

Sucampo Pharmaceuticals, Inc. was a pharmaceutical company headquartered in Rockville, Maryland that focused on gastroenterology, ophthalmology, and oncology-related disorders. [1] In 2018, the company was acquired by Mallinckrodt.

Sucampo had two marketed products, Amitiza, which treats constipation issues and Rescula, which helps treat ocular hypertension and open-angle glaucoma. Takeda Pharmaceutical Company had a license to distribute Rescula globally except for in Japan and China. The company had two Phase III drugs in development for rare diseases — one for Niemann-Pick Type C and the other for familial adenomatous polyposis, which can cause colon cancer if untreated. [1]

History

The company was founded by Ryuji Ueno and Sachiko Kuno in 1996. [1]

In January 2006, the company received approval from the Food and Drug Administration for Amitiza. [2]

In 2010, the company entered into arbitration with its partner, Takeda Pharmaceutical Company, claiming that sales of Amitiza floundered because of a half-hearted marketing effort by Takeda. Sucampo lost the arbitration. [3]

In late 2015, the company moved its headquarters from Bethesda, Maryland to Rockville, Maryland. [4]

In January 2016, the company acquired an option for an exclusive license to a drug to treat familial adenomatous polyposis. [5]

In April 2017, the company acquired Vtesse. [6]

In February 2018, the company was acquired by Mallinckrodt. At that time, the founders owned a combined 30% of the company. [7]

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References

  1. 1 2 3 4 "Sucampo Pharmaceuticals, Inc. 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. "FDA Approves New Type of Drug To Treat Constipation in Adults" . The Wall Street Journal . February 1, 2006.
  3. Flook, Bill (July 6, 2012). "Sucampo loses arbitration with pharma partner". American City Business Journals .
  4. Proctor, Carolyn M. (May 13, 2016). "3 things you should know about Greater Washington's bioscience companies". American City Business Journals .
  5. Reed, Tina (January 11, 2016). "Sucampo acquires exclusive option for cancer drug in deal worth up to $190 million". American City Business Journals .
  6. "Sucampo Acquires Vtesse Inc" (Press release). Globe Newswire. April 3, 2017.
  7. Reed, Tina (February 13, 2018). "Sucampo Pharmaceuticals closes on its $1.2B sale to a U.K. company". American City Business Journals .