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|Cipher Pharmaceuticals Strengthens Leadership Team with Key Executive Appointments and Announces Launch of Vaniqa® in Canada|
- Company Adds Regulatory and Alliance Management Expertise to Support Expanded Product Portfolio -
Ms. Blythe brings to Cipher 16 years' of experience in Regulatory Affairs in the pharmaceutical industry. Most recently, she served as Director of Regulatory Affairs and Quality Assurance at
Mr. Rosenberger brings to Cipher over two decades' experience in the biopharmaceutical industry, specifically in specialty markets, having served in leadership roles across a variety of areas, including marketing, sales, market research, business development, portfolio management and alliance management. He joins Cipher from
"Having significantly expanded our product portfolio, with an additional 13 dermatology products since the beginning of 2015, Louise and Brian bring considerable depth and breadth of experience that will be integral in maximizing the value and opportunity of our growing product portfolio," said
Cipher also announced the promotions of
Mr. Pecora joined Cipher's leadership team in
"Both Joan and Joe have proven themselves as exceptional leaders and each, in their own way, have played integral roles in the ongoing transformation of the Company," said O'Brien. "Joan's vast experience in the Canadian dermatology market has and will continue to be a valuable asset to Cipher as we continue to build out the Canadian dermatology business. Additionally, Joe's deep expertise in the U.S. dermatology market will be vital as we continue to strengthen our U.S. commercial infrastructure and leverage our sales platform to launch our other recently acquired products into the U.S. market, such as Dermadexin™ and Pruridexin™. We look forward to their continued contribution as we build the most customer centric dermatology company in
Launch of Vaniqa® in
Cipher also announced that Vaniqa®, which was recently licensed from
"Building on the initial success of Epuris, the launch of Vaniqa represents Cipher's second dermatology product in
Actikerall™ was approved by Health Canada on July 31, 2014 and the Company expects the product to be launched in Q1 of 2016. Actikerall™ is indicated for the topical treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis, a pre-cancerous patch of thick, scaly, or crusty skin.
About Cipher Pharmaceuticals Inc.
Cipher has completed six transactions in 2015, including the acquisition of Innocutis and its seven branded dermatology products, to build its U.S. commercial presence, expand its Canadian dermatology franchise and broaden its pipeline. Its products include a novel version of the acne medication isotretinoin, which is marketed as Absorica® in the United States and Epuris® in Canada. Cipher is well capitalized to drive long-term, sustained earnings growth by leveraging its proven clinical development capabilities and efficient commercial execution. For more information, visit www.cipherpharma.com.
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. The words "may", "will", "could", "should", "would", "suspect", "outlook", "believe", "plan", "anticipate", "estimate", "expect", "intend", "forecast", "objective", "hope" and "continue" (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Factors that could cause results to vary include those identified in the Company's Annual Information Form, Form 40-F and other filings with Canadian and U.S. securities regulatory authorities. These factors include, but are not limited to our ability to enter into in-licensing, development, manufacturing and marketing and distribution agreements with other pharmaceutical companies and keep such agreements in effect; our dependency on three products; integration difficulties and other risks if we acquire or in-license technologies or product candidates; reliance on third parties for the marketing of our products; the product approval process is highly unpredictable; the timing of completion of clinical trials; reliance on third parties to manufacture our products; we may be subject to product liability claims; unexpected product safety or efficacy concerns may arise; generate revenue from a limited number of distribution and supply agreements; the pharmaceutical industry is highly competitive; requirements for additional capital to fund future operations; dependence on key managerial personnel and external collaborators; no assurance that we will receive regulatory approvals in the U.S.,
Investors: In Canada: Lawrence Chamberlain, TMX Equicom, (416) 815-0700 ext 257, firstname.lastname@example.org; In the United States: Thomas Hoffmann, The Trout Group LLC, (646) 378-2931, email@example.com; Media: Mike Beyer, Sam Brown Inc., Office: (773) 463-4211, Mobile: (312) 961-2502, firstname.lastname@example.org