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Hi-Tech Pharmacal Co., Inc.
Pharmaceutical Preparations NY, United States
Nasdaq: HITK
Company Description
Hi-Tech Pharmacal Co., Inc. is a pharmaceutical company which manufactures and markets prescription, over-the-counter and nutritional products. The company produces products for various disease states, including glaucoma, asthma, bronchial disorders, dermatological disorders, allergies, pain, stomach, oral care and other conditions. It operates through three reportable segments: Generic Pharmaceuticals, OTC Branded Pharmaceuticals and Prescription Brands. The Generic Pharmaceuticals segment products primarily prescription items and include oral solutions and suspensions, topical creams and ointments as well as nasal sprays. It also specializes in the manufacture of products in its sterile facility capable of producing liquid ophthalmic, otic and inhalation products. The generic product category includes a small amount of contract manufacturing sales for both the prescription and OTC markets. OTC Branded Pharmaceuticals operates Health Care Products Division, which markets a line of OTC branded products primarily for people with diabetes, including Diabetic Tussin, DiabetiDerm, Multi-betic, Mag-Ox, Choice DM and DiabetiSweet. It also sells the Zostrix brand of capsaicin products for pain management of conditions including arthritis and foot pain. The Prescription Brands segment operates ECR Pharmaceuticals subsidiary, which engaged in the marketing and distribution of branded prescription pharmaceuticals. ECR's products treat various disease states, including tension headache, pain, cough/cold and allergies, contact dermatitis, wound care, sleep disorders and swimmer's ear. Hi-Tech Pharmacal was founded in April 1982 and is headquartered in Amityville, NY.
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