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|Cipher Pharmaceuticals Announces Approvals of Astion Acquired Barrier Creams by Health Canada and the Medicines Evaluation Board|
Helioclin® Dermatitis SD Cream (also known as Dermadexin) was approved in
"We continue to deliver on our key regulatory milestones and our plan to expand the Canadian product portfolio," said Shawn O'Brien, President & Chief Executive Officer of Cipher. "These products target chronic inflammatory conditions that we believe are insufficiently addressed today. While we finalize our commercialization plans in
Cipher acquired the worldwide rights to these two products from Astion Pharma A/S in February, 2015. Dermadexin has been tested in two vehicle-controlled, multicenter clinical trials (452 patients) where it displayed a marked and statistically significant effect on the symptoms of facial seborrhoeic dermatitis. Pruridexin has been tested in two vehicle-controlled, multicenter clinical trials (367 patients) and displayed a marked and statistically significant effect on the pruritus.
About Cipher Pharmaceuticals Inc.
Cipher completed seven transactions in 2015, including the acquisition of Innocutis and its nine branded dermatology products, to build its U.S. commercial presence, expand its Canadian dermatology franchise and broaden its pipeline. 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.,
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