- Business
- RxElite, Inc. engages in the development, manufacture, and marketing of generic prescription drug products in specialty generic markets. Its main product offerings include sterile liquid dose products such as generic ophthalmic products in unit and multi-dose presentations, sterile unit dose inhalation respiratory products, injectable drugs, and active pharmaceutical ingredients (APIs). The company serves customers including hospitals and hospital group purchasing organizations, national and regional wholesalers, direct retail pharmacy stocking chains, homecare companies, outpatient surgery centers, and ambulatory care clinics. RxElite operates geographically across the United States, Europe, and Asia through its subsidiaries. Founded in Meridian, Idaho, RxElite is a subsidiary of Piramal Healthcare Ltd. In recent developments, the company has expanded its product capabilities by acquiring FineTech Laboratories, Ltd., which specializes in complex API manufacture, thus significantly enhancing its production of difficult formulations. Additionally, RxElite sold its inhalation anesthetic gas distribution business to Piramal Healthcare Limited to focus on its core specialty generic markets and advanced pharmaceutical manufacturing.