Making a World of Difference

History

In 1946, United Research Laboratories (URL) was founded by Albert Roberts, a bench chemist with a degree from the University of Pittsburgh. Initially, the company manufactured and sold ACTH directly to physicians to treat arthritis. From this, the Company developed a significant pharmaceutical distribution business which sustained the Company for the ensuing 40 years.

 

In 1986, seeing that their manufacturers were starting to bypass distributors like URL, Mr. Roberts and his brother, Theodore Roberts, Ph.D., established Mutual Pharmaceutical Company to develop and manufacture generic pharmaceutical products.

 

In 1988, Albert Roberts' son, Richard H. Roberts, M.D., Ph.D., left the Brigham and Women’s Hospital, of Harvard Medical School, to join the Company. Dr. Richard Roberts became the Chief Operating Officer in 1989, assuming control of the operations and leading the company to profitability.

 

In 1997, venture capital investors (Elliott Associates and Momar Corporation) purchased a majority of the company. Dr. Richard Roberts, the only remaining member of the founding Roberts family, maintained a minority interest and became President, CEO and Chairman of the Board.

 

In 2001, net sales exceeded $100 million dollars, the research & development budget rose to $12 million and annual production reached 2 billion tablets and capsules. URL was then manufacturing 35 products, had 14 ANDAs pending FDA approval, and distributed third-party tablets, capsules, liquids, creams, ointments, and injectables.

 

In 2004, foreseeing that the profitability of the generic pharmaceutical marketplace would deteriorate over the next 5 years as Asian manufacturers gained FDA approvals of generic drugs, the Company embarked upon an aggressive and challenging plan to transform into a medically and scientifically focused branded and technology business. As part of this effort, R&D spending was greatly expanded and the R&D focus transitioned away from commodity generic products towards first-to-file patent challenge generics, branded product development, and technology development. The Company also established AR Scientific to be the Company's branded marketing division. AR Scientific currently markets two NDA products, Qualaquin® and Bactrim™. The Company also launched felodipine ER, a technically challenging product, and remained the exclusive generic for over 3.5 years.

 

In 2005, the Company had annual sales of over $300 million and signed a licensing deal with King Pharmaceutical which granted King certain rights to the Company’s technology and paid the Company $35 million plus an on-going royalty.

 

In 2006, the Company launched Qualaquin® (quinine sulfate), the Company’s first internally developed branded product and the only FDA approved version of quinine sulfate. Qualaquin® has Orphan Drug exclusivity until August, 2012.

 

In 2007, the Company had annual sales of $483MM, over 250 approved ANDAs, 4 approved NDAs, licensing deals, multiple high barrier ANDAs, and a broad portfolio of proprietary products under development.

 

In 2008, the Company is poised for unprecedented growth. The Company changed its name to URL Pharma, passed 2 pivotal studies for separate new drugs and is preparing the corresponding New Drug Applications with FDA. URL Pharma has developed multiple pharmaceutical technologies such as PRISM™,NanoBurst™,MultiBurst™ and Z-Burst™, and continues to progress the development of its proprietary pipeline.


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