Source: CNBC
Journey Medical Corporation, a subsidiary of Fortress Biotech, Inc. (FBIO), launched the first two prescription products in its dermatology franchise, Luxamend™ Wound Cream and Ceracade™ Skin Barrier Emulsion. Both products will be showcased at the 2016 American Academy of Dermatology (AAD) Summer Meeting (Booth #622) to be held at the Hynes Convention Center in Boston, Massachusetts on July 28-31.
Claude Maraoui, President and CEO of Journey Medical Corporation, said, “The launch of these products mark a major milestone for Journey, representing key applications for wound care and atopic dermatitis. Luxamend and Ceracade will provide a strong foundation for Journey’s dermatology product portfolio and will contribute to our growing revenues.”
Dr. Lindsay Rosenwald, Chairman and CEO of Fortress Biotech, said, “As the first commercialized products under the Fortress Biotech umbrella, we are executing on our strategy of bringing quality products to high-growth markets with unmet needs.”
Luxamend™ Wound Cream is the first branded product to be developed and launched by the company. It is formulated for the dressing and management of various types of wounds, burns, dermal donor and graft site management, radiation dermatitis, and minor abrasions. When applied properly to a wound, Luxamend™ provides an optimum moist environment for the healing process. Luxamend™ is now available in the United States by physician prescription only.
Ceracade™ Skin Barrier Emulsion is a steroid-free, fragrance-free, ceramide-dominant formulation. It is indicated for use in the treatment of dry skin conditions and to manage and relieve the burning and itching associated with various types of dermatitis (eczema), including atopic dermatitis, irritant contact dermatitis and radiation dermatitis. Ceracade™ Skin Barrier Emulsion helps to relieve dry, waxy skin which is beneficial to the healing process. Ceracade™ is now available in the United States by physician prescription only.
Mr. Maraoui continued, “We are confident that dermatologists and their patients will appreciate our products’ abilities to help heal wounds and skin conditions that have been known to be difficult to treat.”