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News Release - September 26, 2023
Gensco(R) Pharma Announces RizaFilm(R) Commercialization Update in the United States
MIAMI, Sept. 26, 2023 -- (Healthcare Sales & Marketing Network) -- GenscoŽ Pharma, a specialty pharmaceutical company, in partnership with IntelGenx is announcing the anticipated launch of RizaFilmŽ for Q1-2024. RizaFilmŽ is based on IntelGenx's proprietary VersaFilmŽ technology and is patent protected until 2034. As the NDA holder, GenscoŽ will begin commercialization of the 10mg Film and will continue to fund the expanded indications for the 5mg Pediatric dose.The switch to RizaFilmŽ is seamless, as it is prescribed the same way as current rizatriptan, but in a Film form. A patient survey indicated that 69% of respondents said they would discuss switching their current migraine therapy to RizaFilmŽ with their doctor. Patients are encouraged to discuss the benefits of switching to RizaFilmŽ with their healthcare provider.
"We believe this exciting partnership with GenscoŽ offers a tremendous opportunity to commercialize RizaFilmŽ in the world's largest migraine market," said Dwight Gorham, CEO of IntelGenx. "We are pleased to work with GenscoŽ and its innovative team with proven track records of launching and commercializing important therapies using unique drug delivery systems."
In a statement about the partnership, Paul Zimmerman, MD, CEO of GenscoŽ Pharma, remarked, "The GenscoŽ Pharma team is eager to launch RizaFilmŽ as a new therapeutic option for the benefit of patients suffering from migraines and associated symptoms. This strategic move not only enhances our commitment to delivering advanced healthcare solutions but also underscores our dedication to building value for both companies."
1 VersaFilmŽ is a Registered Trademark of IntelGenx Corp.
About RizaFilm
RizaFilmŽ is a proprietary oral thin film formulation of rizatriptan benzoate. RizaFilmŽ oral soluble film does not require a drink for swallowing and has ease of use which facilitates rapid administration and relief from migraine symptoms. RizaFilmŽ's active ingredient has been clinically proven to be effective for migraine associated nausea, photophobia and phonophobia. The global migraine drugs market was valued at nearly $3 billion in 2021 and is expected to reach nearly $11 billion by 2030, representing a compound annual growth rate of 15.6%. According to the American Migraine Foundation, 39 million or 12% of Americans suffer from migraine, which is the second leading cause of disability nationwide.
About GenscoŽ Pharma:
GenscoŽ is a specialty pharmaceutical company specializing in development and commercialization of prescription and OTC products. GenscoŽ's capabilities allow for the successful launch of products into significant niche markets. Resources are focused on innovative research and development of medications with improved delivery systems for better patient outcomes. More information about Gensco can be found at https://genscopharma.com.
Gensco Disclosure Notice:
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein, or which are otherwise made by or on behalf of Gensco that are not statements of historical facts may be deemed forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "should," "would," "estimate," or "continue," or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Readers are cautioned that all forward-looking statements involve risk and uncertainties which may cause results to differ materially from those set forth in the statements. Such risks and uncertainties include, but are not limited to the following: the success of research and development activities and the speed with which regulatory authorizations and product launches may be achieved; government regulation generally; the ability to successfully market products domestically and internationally; difficulties or delays in manufacturing or issues relating to manufacturing capacity; commercial obstacles to the successful introduction of brand products generally; and the risk of an adverse decision or settlement relating to product liability, patent protection, governmental investigations, and other legal proceedings; any changes in business, political and economic conditions; business interruption due to hurricanes or other events outside of Gensco's control.
Source: Gensco Pharma
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