Water Street's Partnership with Leading Medical Products Company Leads to FDA Approval and Launch of Ready-to-Use Cardiovascular Medicine Eptifibatide
CHICAGO, March 6, 2019 /PRNewswire/ -- Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, announced today that its development partnership with a leading medical products company has resulted in the U.S. Food and Drug Administration (FDA) approval and launch of the ready-to-use cardiovascular medication, eptifibatide. It is the first and only presentation of eptifibatide in a flexible container.
The approval of eptifibatide marks the seventh drug product successfully developed by Water Street's company, Celerity Pharmaceuticals, LLC. Celerity both funded and led the development and approval of eptifibatide through its strategic partnership with the medical products company. Following FDA approval of eptifibatide, Celerity transferred ownership to its partner, which is commercially launching the new product in the United States.
"We are honored that our partner entrusted us to develop this new presentation of eptifibatide – the first of its kind available in a flexible container," said Dan Robins, Ph.D., president, Celerity. "We're pleased that our work together has advanced our partner's goal of engaging its innovative technologies with medicines that will benefit both patients and clinicians."
About Water Street
Water Street is a strategic investor focused exclusively on health care. The firm has a strong record of building market-leading companies across key growth sectors in health care. It has worked with some of the world's leading health care companies on its investments including Humana, Johnson & Johnson, Medtronic and Walgreen Co. Water Street's team is comprised of industry executives and investment professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit waterstreet.com.
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SOURCE Water Street Healthcare Partners