Healthcare Industry News: Gabapentin GR
News Release - March 29, 2006
Depomed and Madaus S.r.l. Announce Acceptance of the Application for Approval of ProQuin(R) XR in SwedenMENLO PARK, Calif. & PADOVA, Italy--(HSMN NewsFeed)--March 29, 2006--Depomed, Inc. (Nasdaq:DEPO ) and Madaus S.r.l. today announced that the Marketing Authorization Application (MAA) for ProQuin® XR was accepted for review by the Medical Products Agency in Sweden. Madaus submitted the MAA earlier this year, seeking approval for ProQuin XR for the treatment of uncomplicated urinary tract infections. ProQuin XR is a once-daily, prolonged release formulation of ciprofloxacin hydrochloride, which was developed by Depomed.
"With the first ProQuin XR MAA under review in Sweden, Madaus has made its first step toward their goal of offering a once-daily ciprofloxacin product in Europe," said John W. Fara, Ph.D., chairman, president and chief executive officer of Depomed. "The Swedish Medical Products Agency review is expected to take nine to 12 months."
Danilo Casadei Massari, vice president, corporate development for Madaus added, "Our first European Marketing Authorization Application was the most challenging and we expect our completion of a suitable dossier for the commercial registration needs of Sweden will pave a smooth road for our subsequent applications in Germany, Spain, Italy, France and the United Kingdom, among others. ProQuin XR complements our existing product line and we look forward to offering patients this once-daily product, which is a powerful antibiotic, yet gentle on the gastrointestinal tract."
About ProQuin® XR
ProQuin XR is a once-daily prolonged-release formulation of ciprofloxacin hydrochloride approved to treat uncomplicated urinary tract infections (UTIs). UTIs are bacterial infections frequently caused by E. coli and are typically treated with antibiotics. Patients should not take ProQuin XR if they are allergic to, or have ever had a severe reaction to, ciprofloxacin or to any other "quinolone" antibiotics. ProQuin XR is generally well tolerated. The most common side effects with ProQuin XR include vaginal yeast infection and headache. ProQuin XR is commercially available in the United States through Esprit Pharma, Inc.
Madaus is a privately owned specialty company with operations in Portugal, Spain, France, Germany, Italy, Benelux, Austria, Poland and collaborative arrangements with distributors in almost all other European countries. Madaus has a varied product portfolio targeting urology, including proprietary products such as Trospium Chloride. Urology is a primary focus for the company and Madaus' franchise in urology is strong. Madaus is one of the fastest growing pharmaceutical companies with aggregate sales in excess of 450 million Euro per year.
Depomed, Inc. is a specialty pharmaceutical company utilizing its innovative AcuForm(TM) drug delivery technology to develop novel oral products and improved, extended release formulations of existing oral drugs. AcuForm-based products are designed to provide once daily administration and reduced side effects, improving patient convenience, compliance and pharmacokinetic profiles. ProQuin® XR (ciprofloxacin hydrochloride) once daily, extended-release tablets have been approved by the FDA for the treatment of uncomplicated urinary tract infections. In addition, regulatory applications for once daily Glumetza(TM) for the treatment of Type II diabetes have been approved in the U.S. and Canada. The company completed a Phase II trial in post herpetic neuralgia with its product, Gabapentin GR. Additional information about Depomed may be found at its web site, www.depomedinc.com.
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