Journey Medical Corp.
Journey is focused on identifying, acquiring and strategically commercializing innovative, differentiated dermatology products through its efficient sales and marketing model. The Journey team is comprised of industry experts with extensive experience commercializing some of the most successful prescription dermatology brands. Journey was formed in 2014 and is a subsidiary of Fortress Biotech, Inc.
Nasdaq: DERM
IR Website: https://ir.journeymedicalcorp.com/
Headquarters: Scottsdale, AZ
Content provided by Journey Medical Corp on 2/16/22
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Summary
Journey is focused on identifying, acquiring and strategically commercializing innovative, differentiated dermatology products through its efficient sales and marketing model. The Journey team is comprised of industry experts with extensive experience commercializing some of the most successful prescription dermatology brands. Journey was formed in 2014 and is a subsidiary of Fortress Biotech, Inc.
- Commercial stage dermatology company, formed in Oct. 2014 and led by a management team of former Medicis executives with deep industry experience
- Top performing sales force averaging more than 11 years of dermatology sales experience
- Revenue of $45.6mm in the first 3 quarters of 2021 has already surpassed 2020 full year revenue of $ 44.5mm
- Acquisition of two new products from Vyne Therapeutics, Inc. in January 2022, following recent launches of Accutane and Qbrexza in 2021
- Acquisition of Phase 3 ready clinical asset for rosacea (DFD 29), with observed clinical differentiation from standard of care, bolsters potential long term growth opportunities
Recent News
QBREXZA® (Rapifort® Wipes 2.5%) Receives Manufacturing and Marketing Approval in Japan Triggering $2.5 Million Milestone Payment to Journey Medical Corporation
Feb 11, 2022
Journey Medical Corporation Acquires Two FDA-Approved Topical Minocycline Products and Molecule Stabilizing Technology (MST)™ Franchise from VYNE Therapeutics, Inc.
Jan 13, 2022
Journey Medical Corporation Reports Third Quarter 2021 Financial Results and Recent Corporate Highlights
Dec 10, 2021
Journey Medical Corporation to Present at the Benzinga Global Small Cap Conference
Dec 7, 2021
Journey Medical Corporation Introduces Expanded Board of Directors
Nov 29, 2021
Management Overview
Lindsay Rosenwald, M.D.
Chairman, President and CEO, Fortress Biotech, Inc.
Dr. Rosenwald has served as a member of the Board of Directors since October 2009 and as Chairman, President and Chief Executive Officer of Fortress Biotech, Inc. since December 2013. Dr. Rosenwald also serves as a Director of Mustang Bio, Inc., Chairman of the Board of Directors of Avenue Therapeutics, Inc., and a Director of Checkpoint Therapeutics, Inc. From November 2014 to August 2015, he served as Interim President and Chief Executive Officer of Checkpoint Therapeutics, Inc. From 1991 to 2008, Dr. Rosenwald served as the Chairman of Paramount BioCapital, Inc. Over the last 25 years, Dr. Rosenwald has acted as a biotechnology entrepreneur and has been involved in the founding and recapitalization of numerous public and private biotechnology and life sciences companies. Dr. Rosenwald received his B.S. in Finance from Pennsylvania State University and his M.D. from Temple University School of Medicine.
Claude Maraoui
President and Chief Executive Officer
Claude has more than 30 years of experience in commercializing some of the most successful dermatology products in the world. He served as Vice President of Dermatology Sales at Medicis Pharmaceutical Corporation and has held various leadership positions in marketing and sales for therapeutic and aesthetic dermatology. He has executed more than 50 product launches during his career. In 2012, Valeant Pharmaceuticals International Inc. acquired Medicis for approximately $2.6B. Claude received his B.S. in Business and Marketing from Rutgers University.
Ernie De Paolantonio
Chief Financial Officer
Ernie has more than 40 years of financial and business experience in the pharmaceutical industry, serving as CFO for the last 13 years in both public and privately held healthcare companies. From 2013 to 2019, Ernie served as the CFO, Treasurer and Secretary for BioDelivery Sciences, a public, specialty pharmaceutical company. Ernie began his career with GlaxoSmithKline, where he spent 17 years in financial roles of increasing responsibility including U.S. Pharmaceuticals, where he was Group Controller responsible for sales of $3.5B. Ernie received his BA Degree from Lycoming College, his MBA in Finance at Saint Joseph’s University, and is a licensed CPA.
Robert Nevin
Chief Commercial Officer
Robert has more than 24 years of experience in pharmaceutical, lab and medical management, and oversees all sales, trade and managed care functions at Journey. He came to Journey from The Dermatology Alliance, where he served as Managing Partner for one of the nation’s largest independent physician associations in the specialty of dermatology. Robert received his B.S. in Business Administration and Finance from Seton Hall University.
Ramsey Alloush
General Counsel
Ramsey has more than 12 years of experience advising pharmaceutical and healthcare companies. Prior to joining Journey, he led a legal and advisory firm in Washington, D.C. focusing on corporate, commercial, regulatory, governance, securities matters and transactions. Before private practice, he was with Medicis where he worked on the commercial team in the aesthetics division. He also served as a legal fellow at the U.S. Securities & Exchange Commission focusing on enforcement and compliance matters. Ramsey received his LL.M. degrees in Taxation and Securities & Financial Regulation from Georgetown University Law Center and his J.D. from the Shepard Broad Law Center.
Risks & Disclosures
This communication is neither an offer to sell nor a solicitation of an offer to buy, nor a recommendation of any securities of the company mentioned herein.
Journey Medical Corp. (the “Company”) and its counsel have reviewed the content of this page as well as the accompanying presentation (“Company Presentation”) displayed on this page. To the best of its knowledge, the Company does not believe this content to be misleading or inaccurate in any material respect, nor does it believe there are any material omissions with respect to such content. The Company does not believe the contents of the page or the Company Presentation to contain any non-public material information.
Information and opinions presented in the Company Presentation are provided by the Company, and b2i digital makes no representation as to their accuracy or completeness. The information contained on this page is not intended to constitute any form of advice, and the information provided is not intended to provide a sufficient basis on which to make an investment decision. It is not investment research, nor does it constitute a research recommendation, as it does not constitute substantive research or analysis. This information is not to be relied upon in substitution for the exercise of independent judgment.
Information, opinions and estimates contained on this page or in the Company Presentation reflect judgments by the Company as of the original date of publication by the Company and are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance.
A complete description of the risks and uncertainties relating to the Company and its securities can be found in the company's filings with the U.S. Securities and Exchange Commission available for free at www.sec.gov.
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