Choose a blog

Durham's Oriel acquired by Sandoz

Oriel Therapeutics, a Durham company developing treatments for asthma and other respiratory ailments, has been acquired by Sandoz, the generic-drug division of pharmaceutical giant Novartis.

Financial terms of the deal weren't disclosed. In 2007, Oriel raised $26.5 million in venture-capital financing.

The company was founded in 2001 by Anthony Hickey and Timothy Crowder, based on inhaled drug-delivery technology developed at the UNC School of Pharmacy.

Oriel's products include experimental, generic treatments for asthma and chronic obstructive pulmonary disease, or COPD. The company also developed a new type of disposable dry powder inhaler to improve delivery of respiratory drugs.

Cars View All
Find a Car
Jobs View All
Find a Job
Homes View All
Find a Home

Want to post a comment?

In order to join the conversation, you must be a member of Click here to register or to log in.