March 21, 2018 9:30 AM ET


Company Overview of Taro Pharmaceuticals Inc.

Company Overview

Taro Pharmaceuticals Inc., a pharmaceutical company, develops, manufactures, and markets prescription and over-the-counter pharmaceutical products. The company provides generic products, as well as private label and branded drugs; topical dermatological products, such as creams, ointments, and gels; and solid dosage form products that include tablets and capsules. Its customers include wholesalers, drugstore chains, grocery chains, mass volume retailers, healthcare institutions, independent drug stores, and discount retailers in Canada and internationally. The company was founded in 1984 and is based in Brampton, Canada. Taro Pharmaceuticals Inc. operates as a subsidiary of Taro Pharmaceutic...

130 East Drive

Brampton, ON L6T 1C1


Founded in 1984





Key Executives for Taro Pharmaceuticals Inc.

Vice President and Treasurer
Age: 62
Compensation as of Fiscal Year 2017.

Taro Pharmaceuticals Inc. Key Developments

Crescita Therapeutics Inc. Enters into Development and Commercialization License Agreement with Taro Pharmaceuticals Inc

Crescita Therapeutics Inc. announced it has entered into a development and commercialization license agreement with Taro Pharmaceuticals Inc. Under the terms of the Agreement, Crescita has granted Taro an exclusive license (Taro License) to the rights to sell and distribute Pliaglis in the U.S. market and for a second-generation enhanced version with patent pending. In consideration of the rights granted under the Agreement, Taro will make the following payments to Crescita: an upfront, non-dilutive payment of USD 2.0 million; up to USD 5.75 million in non-dilutive development and sales milestone payments; and tiered royalties on net sales of products licensed under the Agreement. In addition, Crescita and Taro have entered into a fee-for-service development agreement, whereby, the Company will provide services related to further development of Pliaglis and the Enhanced Formulation. Crescita will receive these fees based on services performed.

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