Onset Therapeutics Changes Name to Onset Dermatologics

/ Source: GlobeNewswire

CUMBERLAND, R.I., Feb. 4, 2011 (GLOBE NEWSWIRE) -- Onset Therapeutics, a PreCision Dermatology company and a leader in the development and commercialization of novel, prescription products for the treatment of skin disorders, today announced that it has changed its corporate name to Onset Dermatologics. The name change has been undertaken to emphasize the Company's focus on dermatology and on delivering advanced topical therapies that patients prefer. Onset Dermatologics will be exhibiting its full line of products at Booth # 2170 at the upcoming American Academy of Dermatology Annual Meeting taking place in New Orleans, LA from February 4th - 8th.

"We believe that our new name more accurately reflects the Company's roots in medical dermatology and increased emphasis on developing innovative therapies that address the unmet clinical needs of physicians and patients," said Doug Abel, General Manager of Onset Dermatologics.  "Using the drug delivery expertise we have derived from our proprietary Delevo® Foam Technology platform, we see enormous potential for bringing new products and formulations to dermatologists that will improve clinical outcomes and patient compliance."

The company's assets were recently acquired by PreCision Dermatology, a fully-integrated specialty pharmaceutical company focused on developing, manufacturing, acquiring and marketing a broad portfolio of innovative dermatology products through multiple sales channels. PreCision Dermatology's strong entrepreneurial management team is led by Jeff Nugent, who brings 20 years of dermatology and skin care experience to his new role.

About Onset Dermatologics

Onset Dermatologics () is dedicated to providing new, optimized, innovative, practical and cost-effective pharmaceutical products to the healthcare market in an effort to improve the quality of life for patients. The company markets 11 products based on its proprietary Delevo® Foam Technology platform that is designed to deliver enhanced penetration of proven active ingredients while improving patient compliance.

About PreCision Dermatology, Inc.

Headquartered in Cumberland RI, PreCision Dermatology is a fully-integrated dermatology company with a mission to deliver innovative therapies to doctors and patients that demonstrably improve the care of skin. PreCision Dermatology will expand quickly through acquisitions, in-licensing, co-marketing opportunities as well as internally generated therapies.  

CONTACT: Rachel Kessler Lazar Partners, LTD (212) 867-1762 rkessler@lazarpartners.com Rob Sawyer Lazar Partners, LTD (212) 867-1762 rsawyer@lazarpartners.com