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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Avadel Pharmaceuticals PLC | NASDAQ:AVDL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 18.30 | 17.80 | 19.05 | 1 | 12:00:07 |
Oxybates are currently available as a twice-nightly formulation, which requires patients with narcolepsy, who already struggle with uneven and interrupted sleep, to take a first dose at bedtime and the second dose 2.5-4 hours later.1,2 Due to the inherent risk of accidental mistakes from this dosing schedule, an analysis was conducted on post-marketing safety surveillance data from the U.S. Food and Drug Administration (FDA) Adverse Event Reporting System (FAERS) to identify reports of suspected dosing errors. Data highlights are outlined below.
“Post-marketing adverse event reports are recognized to represent just the ‘tip of the iceberg’ as reporting is voluntary for patients and clinicians and likely underestimates incidence3,4,” said Jennifer Gudeman, PharmD., Senior Vice President, Medical and Clinical Affairs of Avadel. “This analysis identified and described serious reports due to patients accidentally consuming their second, middle-of-the-night immediate-release sodium oxybate dose less than 2.5 hours after the first dose. Nearly one-fourth of these cases resulted in emergency medical services or emergency department visits, and another 27% resulted in hospitalization. The medical and patient community should be aware of this risk with immediate-release oxybates, as it is not currently described in the labeling. An extended-release once-nightly sodium oxybate product that eliminates a second, middle-of-the-night dose, could potentially mitigate these risks.”
About Avadel Pharmaceuticals plcAvadel Pharmaceuticals plc (Nasdaq: AVDL) is a biopharmaceutical company focused on transforming medicines to transform lives. Our approach includes applying innovative solutions to the development of medications that address the challenges patients face with current treatment options. Our current lead drug candidate is an investigational formulation of sodium oxybate leveraging our proprietary drug delivery technology and designed to be taken once at bedtime for the treatment of cataplexy or EDS in adults with narcolepsy. For more information, please visit www.avadel.com.
Cautionary Disclosure Regarding Forward-Looking StatementsThis press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements relate to our future expectations, beliefs, plans, strategies, objectives, results, conditions, financial performance, prospects, or other events. Such forward-looking statements include, but are not limited to, the potential mitigation of adverse events by a single dose, once-nightly oxybate product. In some cases, forward-looking statements can be identified by the use of words such as “will,” “may,” “could,” “believe,” “expect,” “look forward,” “on track,” “guidance,” “anticipate,” “estimate,” “project,” “next steps” and similar expressions, and the negatives thereof (if applicable).
The Company’s forward-looking statements are based on estimates and assumptions that are made within the bounds of our knowledge of our business and operations and that we consider reasonable. However, the Company’s business and operations are subject to significant risks, and, as a result, there can be no assurance that actual results and the results of the company’s business and operations will not differ materially from the results contemplated in such forward-looking statements. Factors that could cause actual results to differ from expectations in the Company’s forward-looking statements include the risks and uncertainties described in the “Risk Factors” section of Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the Securities and Exchange Commission (SEC) on March 16, 2022, and subsequent SEC filings. Forward-looking statements speak only as of the date they are made and are not guarantees of future performance. Accordingly, you should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to publicly update or revise our forward-looking statements, except as required by law.
Investor Contact:Courtney TurianoStern Investor Relations, Inc.Courtney.Turiano@sternir.com(212) 698-8687
Media Contact:Gabriella GreigReal Chemistryggreig@realchemistry.com(203) 249-2688
References:1 https://www.accessdata.fda.gov/drugsatfda_docs/label/2018/021196s030lbl.pdf. Accessed 20 January 2023. 2 https://www.accessdata.fda.gov/drugsatfda_docs/label/2020/212690s000lbl.pdf. Accessed 20 January 2023. 3 Ahmad, SR. “Adverse drug event monitoring at the Food and Drug Administration”. J Gen Intern Med, vol. 18, no. 1, 2003, pp. 57-60. doi: 10.1046/j.1525-1497.2003.20130.x.4 Amran, S. “Adverse Drug Reactions and Pharmacovigilance”. New Insights into the Future of Pharmacoepidemiology and Drug Safety, 2021. doi: 10.5772/intechopen.98583
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