On April 12, 2016 Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) ("Company" or "Adamis") reported that it has successfully completed its previously announced acquisition (the "Acquisition") of US Compounding, Inc. ("USC") (Filing, 8-K, Adamis Pharmaceuticals, APR 12, 2016, View Source [SID:1234510680]). Upon the closing of this transaction, USC has become a wholly-owned subsidiary of Adamis.

Dr. Dennis J. Carlo, President and CEO of Adamis, stated, "We are pleased to have completed this transformational acquisition that will expand our product portfolio, provide immediate revenues, as well as significantly increase our manufacturing, sales and marketing capabilities. The combination will now position us to better commercialize our pipeline products upon approval and diversify our revenue mix.
Our Epinephrine Pre-filled Syringe ("PFS") has an FDA agency action date (PDUFA date) of June 4, 2016. The potential revenues from the PFS combined with the anticipated cash flows from USC, should put Adamis in a strong financial position."

Please see Adamis’ Form 8K filed with the Securities and Exchange Commission for additional details on the transaction.

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