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On December 14, 1999, Global Pharmaceutical Corporation and privately-held IMPAX Pharmaceuticals, Inc. completed a reverse merger, forming a new organization called Impax Laboratories, Inc. The merger combined the advanced drug delivery systems developed by IMPAX Pharmaceuticals through its research and development capabilities with Global Pharmaceutical’s sales, marketing and distribution capabilities.
The synergy created by the merger provided the foundation for the current and future success of the organization. Since 1999, the company has continued to increase sales of existing products, consistently filed between 6-8 drug applications with the Food and Drug Administration (FDA) annually, and has received tentative and final approval from the FDA for numerous products.
Where strategically appropriate, IMPAX has developed marketing partnerships to fully leverage its technology platform in order to maximize product revenues and profitability. IMPAX also has two marketing divisions of its own for it’s products. Its Global Pharmaceuticals division sells generic products, while the branded products will be marketed through the Impax Pharmaceuticals division. |