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Share Name | Share Symbol | Market | Type |
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SEB SA | AQEU:SKP | Aquis Europe | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-1.30 | -1.50% | 85.45 | 85.45 | 85.55 | 86.60 | 85.40 | 86.60 | 4,023 | 16:29:54 |
RNS Number:3056S Skyepharma PLC 20 November 2003 For Immediate Release 20 November, 2003 SkyePharma Files DepoMorphineTM with European Regulatory Agency LONDON, ENGLAND, November 20, 2003 -- SkyePharma PLC (Nasdaq: SKYE; LSE: SKP) announced today that it has submitted an application to the UK Medicines and Healthcare products Regulatory Agency ("MHRA") for approval of DepoMorphineTM, SkyePharma's novel sustained-release injectable formulation of morphine for control of moderate-to-severe post-operative pain. After national approval in the UK, SkyePharma intends to seek approval in other European countries under the European Union's Mutual Recognition procedure. SkyePharma submitted a new drug application ("NDA") for DepoMorphineTM to the US Food & Drug Administration ("FDA") on 18 July, 2003. Formal acceptance of this submission was announced on 22 September, 2003, and the NDA is currently under review by the FDA. SkyePharma's Chief Executive, Michael Ashton, said: "DepoMorphineTM is currently our most important pipeline product. We are proud to have achieved our stated objective of filing the product in both the US and Europe in 2003. We now look forward to its commercialisation, which we anticipate could commence in the second half of 2004. Our clinical trials show that DepoMorphineTM has the potential to improve the treatment of pain after surgery. There is widespread recognition that current approaches to control of post-operative pain leave much to be desired, suggesting a significant market opportunity for a superior analgesic." DepoMorphineTM employs SkyePharma's proprietary DepoFoamTM technology and is supplied as a ready-to-use suspension. It is given as a single epidural injection before or during surgery and provides pain relief for up to 48 hours following surgery, normally the period of peak post-operative pain. By contrast, conventional opioid analgesics are relatively short-acting and therefore require an in-dwelling catheter for repeat or continuous infusion. DepoMorphineTM avoids the need for an in-dwelling catheter, thereby overcoming a major drawback to the theoretically desirable epidural route of administration for opioids. DepoMorphineTM is designed for the control of moderate-to-severe post-operative pain. SkyePharma expects that its main use will be in control of post-operative pain in hospitalised patients undergoing surgical procedures requiring general or local anaesthesia such as major abdominal surgery, orthopaedic surgery and caesarean section. Currently there are an estimated 6 million such procedures every year in the USA and 5 million in Europe. SkyePharma has completed seven clinical trials of DepoMorphineTM. The Phase IIb and Phase III clinical development programme for DepoMorphineTM involved four separate pain models and included more than 1000 patients. In the two Phase III trials, in hip surgery and lower abdominal surgery, DepoMorphineTM demonstrated sustained dose-related analgesia and achieved its primary endpoint (superiority over study comparators in terms of total demand for opioid analgesics after surgery) with a high degree of statistical significance (p
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