Company Information
(May 2008)
Nasdaq symbol: DEPO
Price of common stock: $3.50
52-week range:
$1.69 - $5.24
Market cap: $169 million
Institutional ownership: Approx. 44%
Number of employees: Approx. 75
Fast Facts
Company Overview
Depomed, Inc. (Nasdaq DEPO) is a specialty pharmaceutical company with two products on the market and multiple product candidates in its pipeline.
The company utilizes its proven, proprietary AcuForm™ delivery technology to improve existing oral medications, allowing for extended, controlled release of medications to the upper gastrointestinal tract. Benefits of AcuForm-enhanced pharmaceuticals include the convenience of once-daily administration, improved treatment tolerability and enhanced compliance and efficacy. Glumetza® (metformin HCl extended release tablets) is approved for use in adults with type 2 diabetes and is being marketed in Canada by Biovail Corporation. Proquin® XR (ciprofloxacin hydrochloride) extended release tablets are approved in the United States for the once-daily treatment of uncomplicated urinary tract infections and is being marketed to urologists, Ob/Gyn, and long-term care pyhsicians by Watson Pharmaceuticals. Product candidate Gabapentin GR® is currently in advanced clinical development for the treatment of menopausal hot flashes.
Recent EVents
- Elected Karen A. Dawes to Board of Directors
- Settled patent litigation against IVAX
- Dosed first patient in new Phase 3 clinical trial of Gabapentin GR® in postherpetic neuralgia

