Insight Pharmaceuticals announces acquisition of MONISTAT business from McNEIL-PPC

Insight Pharmaceuticals, a portfolio company of Swander Pace Capital, announced today that it has acquired the MONISTAT^® North American brand portfolio from McNEIL-PPC, Inc. The leading brand in the vaginal antifungal category, MONISTAT^® joins Insight Pharmaceuticals' family of over-the-counter (OTC) women's health and personal care products which include leading brands such as e.p.t^®, Nix^®, Bonine^®, and Sucrets^®.

The MONISTAT® brand was the first Rx product launched in the vaginal antifungal class in 1974 and established the category, switching to OTC status in 1991. The MONISTAT^® brand has been the #1 doctor recommended treatment for over 30 years, the #1 pharmacist recommended brand, and is also the #1 choice of women for OTC vaginal antifungal treatment.

"The acquisition of MONISTAT^® demonstrates our company's increased presence in and dedication to the vital category of women's health. This is a very important category to us and our retail partners, and is a key part of our growth strategy going forward," says Gary R. Downing, CEO, Insight Pharmaceuticals. "This acquisition, along with e.p.t^®, has increased our revenues by nearly four times in the last 12 months." Additionally, as part of the e.p.t transaction, Insight acquired the URISTAT^® urinary pain treatment brand and is preparing to re-launch the brand. "We are excited to bring the URISTAT^® brand back to consumers. The acquisition of MONISTAT^® and e.p.t^®, the re-launch of URISTAT^®, in addition to our vast portfolio, further defines our presence within OTC and the women's health category. Women's health is an exciting segment and we are eager to make an impact in this category."

MONISTAT^® will continue to be available through existing retail channels and will be marketed under Insight Pharmaceuticals growing portfolio of products.

In connection with the transaction, Ontario Teachers' Pension Plan, through its private equity group Teachers' Private Capital, has joined Swander Pace Capital as an equity investor in Insight Pharmaceuticals. "Along with Swander Pace Capital, Ontario Teachers' Pension Plan gives us the financial resources necessary to consider additional acquisitions of quality healthcare brands that consumers know and trust," says Downing.