TEDOR Pharma Announces Recapitalization and New Management

TEDOR Pharma announced the closing of a recapitalization and reorganization of its business, funded by investments from DORA Ventures, Inc.

DORA Ventures is a newly formed investment vehicle, owned and controlled by Laura Iorio, Chairwoman of TEDOR Pharma, and Doug Drysdale, President and CEO of TEDOR Pharma. Iorio has served as Chairwoman of TEDOR Pharma since 2009. Drysdale previously served as Chairman and CEO of Pernix Therapeutics (PTX) and as CEO of Alvogen, Inc.

Dora Ventures was created to invest in under-valued healthcare assets and related segments. “We are excited by this opportunity to provide valuable working capital to TEDOR. The company has undergone significant capital investment over the past two years. This recapitalization gives the new management team the fuel needed to drive growth and provide exceptional service to our customers” commented Laura Iorio.

“The team at TEDOR has worked hard over the past two years to expand the world-class capabilities at our Rhode Island facility. We are now well positioned to leverage those efforts and capabilities in support of the new projects and new customers that are partnering with TEDOR” commented Doug Drysdale.