Rising was founded in the early 1990s as a private company with a focus on selling niche pharmaceutical products supported by strong customer service.
After a very successful run spanning two decades, Rising was acquired on December 31, 2010 by Aceto Corporation [NASDAQ: ACET], a global leader in the marketing, sale and distribution of products for human health (finished dosage form generics and nutraceutical products, pharmaceutical ingredients (pharmaceutical intermediates and active pharmaceutical ingredients) and performance chemicals (specialty chemicals and agricultural protection products). Consequently, starting January 1, 2011, Rising began operating as a wholly owned subsidiary of Aceto Corporation.
With a view to accelerate Rising's next phase of growth, Aceto planned and executed a significant Management reinforcement initiative beginning July 2013, to drive both organic and inorganic growth.
Acquiring Pack Pharmaceuticals
In addition to driving organic growth, Rising Pharmaceuticals also acquired Pack Pharmaceuticals, another US generic pharmaceuticals distributor, on April 30, 2014. Recognizing that both companies shared a similar vision for giving people access to high quality medications at affordable prices, combining their portfolios and pipelines was the best way to realize that goal faster. This has been yet another step in Rising’s growth as an emerging leader in the US generic pharmaceuticals industry.