We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bioprogress | LSE:BPRG | London | Ordinary Share | GB0032681628 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
BioProgress PLC 31 May 2007 For Immediate Release 31 May 2007 BioProgress PLC Proprietary Product Development Update London, UK, 31 May 2007: BioProgress plc ('BioProgress' or the 'Company') (AIM: BPRG; NASDAQ: BPRG), the specialty pharmaceutical and healthcare company, today announces an update on its product development program. BioProgress has nine integrated enabling drug delivery technologies with pharmaceutical and healthcare applications. The Company has in development over 30 patent protected products using these core enabling technologies. The developments are classed into three main categories 1. OTC and Nutritional Products 2. Line extensions for acquired Pharmaceutical Brands 3. Innovative Products suitable for out-licensing or for sale by Dexo BioPharm 1. OTC and Nutritional Products The Company has launched a range of Soluleaves(TM) nutritional products in the United States and Europe. In addition, in the OTC pharmaceutical sector, the Company has developed a range of Soluleaves(TM) products for launch initially through Dexo US. The products include respiratory drugs, cough / cold and sore throat products. These products do not require pre-FDA approval and will be marketed throughout 2007. Development work is carried out at the Company's facilities in Cambridge, UK and in Tampa, USA. The range includes the following: Technology Development Phase DBP130 Anti-Diarrhoea Soluleaves(TM) Pre-registration DBP147 Local Anaesthetic Soluleaves(TM) Launch phase - US DBP211 Decongestant Soluleaves(TM) Pre-registration DBP214 Anti-histamine Soluleaves(TM) Pre-registration DBP216 Analgesic TabWrap(TM) Scale Up DBP310 Analgesic - basic FastWrap Pre-registration DBP312 Analgesic - combination FastWrap Pre-registration DBP314 Analgesic - Cold & flu FastWrap Pre-registration The Global OTC market for analgesics and cough/cold products is worth $16.7 Billion per annum. Similar new novel patented pharmaceutical technologies can achieve sales penetration rates of approximately one percent of the relevant market share. 2. Line Extensions for acquired Pharmaceutical Brands BioProgress has acquired a number of branded medicines suitable for immediate extension utilizing one of the Company's enabling systems. The main developments in this area are: Product Territory Launch DBP213 Cough Ah-Chew extension USA 2007 DBP215 Cough & Cold Ah-Chew extension USA 2007 DBP272 Gastric Reflux -Combo RocGe EU 2008 DBP274 Gastric Reflux - Basic RocGel Global 2008/9 DBP276 Gastric Reflux - Chewable RocGel Global 2008/9 The Ah-Chew line extensions use Soluleaves(TM) technology and will be the first oral thin film within the US DESI prescription market. The line extensions for RocGel use the liquid SoluPol technology, as well as a chewable tablet, and are expected to be a core driver for pan-European sales within the gastro-intestinal market. The SoluPol range of products has been developed by the Cambridge Development team. 3. Key Innovative Developments The Company's core new development includes the following:- DBP117 - Anti-Migraine The Development team has been able to overcome significant technical challenges to place an anti-migraine drug of a class of compound known as a triptan into an oral film strip. The triptan market includes brands such as Imitrex(TM) (GSK) and Zomig(TM) (AstraZeneca) and is worth $3.1 billion in 2007 (Datamonitor) growing at 3.1% per annum. A number of these products are converting from Prescription to Over the Counter use which is expected to expand the market. The product has passed the initial formulation phase and is due to commence scale-up manufacturing trials in H2 2007. The product is planned for submission to US and EU regulatory authorities during 2008. It is expected that DBP117 will achieve peak sales revenues of 1 to 1.5 percent of the Global triptan market share per annum. DBP118 - Anti-emesis BioProgress has developed a product for anti-emesis which has been induced by cancer therapy. The category of medicines is called 5-HT3 antagonists, such as Zofran(TM) (GSK) and Kytril(TM) (Roche), have become the mainstay of the treatment of oncology induced nausea. The Company has formulated a DBP118 using the Oradisc(TM) technology, owned by Uluru Inc. The product uses a buccal disc that can dissolve gradually over time, allowing for the sustained release of the active drug. It is expected that the product will enter into pharmacokinetic studies during 2008 with the product being filed using the NDA 505 (b) (2) regulatory pathway. The Company is expecting peak sales revenues to be in the region of $32-40m per annum. DBP121 - Smoking Cessation Product BioProgress has developed a new concept in smoking cessation. Whilst lozenges and microtabs take 10-30 minutes to deliver their nicotine content, a cigarette typically will deliver the effects of its nicotine in seconds. Current therapies do not mimic this "high" and therefore smokers find it difficult to reduce the number of cigarettes accordingly. The current global smoking cessation market is estimated to be $2.3 billion (Datamonitor) The Company completed its first volunteer study in April 2007 as an open assessment study in volunteer smokers. This study showed a marked decrease in cravings using DBP121. Along with positive taste and consumer acceptability information, this data has been instrumental in the Company's discussions with several global partners. BioProgress is currently assessing all of the potential partners from global to regional partners in order to extract the maximum benefit for the Company. From detailed market analyses and from other launches of new nicotine replacement dosage forms, BioProgress anticipates that DBP121has a peak sales potential of $150 to 200m per annum within the smoking cessation market. DBP167 - Analgesic DBP167 is a series of developments using a novel form of ibuprofen in conjunction with polymer technology. The development is focusing on the requirement to deliver analgesia significantly quicker into the blood stream than traditional pharmaceutical tablets. Published data shows that standard paracetamol type of analgesics can take 40-90 minutes before the patient is able to see a noticeable reduction in pain. BioProgress's product has demonstrated impact in only a few minutes, anything from a simple headache, migraine or breakthrough pain can be effectively and quickly treated. SoluPol liquids, Meltums (melt in the mouth), NRobe(TM) and FastWrap versions are all scheduled for development as analgesic indications along with a novel sachet formulation integrating decongestants for line extensions into the Ah- Chew franchise. The global OTC market for analgesics alone is currently $6.2 billion with the cough-cold market being $10.5 billion. With the addition of the prescription analgesic market, BioProgress believes that it has a unique marketing advantage over the main competitors. The products will be promoted into the prescription market as well as the OTC market and will become a cornerstone of the BioProgress core product developments. DBP167 will enter regulatory submission in H2 2007, with the further developments progressing through formulation and scale-up. With the target OTC market being in excess of $16 billion, the company estimates that its innovative prescription and OTC strategy would lead to a 1 - 1.5 % market share of the major pharmaceutical markets. Steve Martin, Chief Development Officer said: "BioProgress has made significant progress over the last year converting its enabling technologies into tangible product developments that meet consumer and partner expectations. We have launched three new technologies, EntWrap, FastWrap and Meltums. Each of these technologies has been well received by potential partners and as the Company has progressed in its developments, the data accumulated has been instrumental in increasing the partner interest. The Development team is working on a number of confidential product projects with other pharmaceutical companies using the full range of enabling technologies. With revenues currently being received from its restructured NRobe technology licence agreement, the Company is in a strong position to deliver its own technologies to the consumer market. Product launches are scheduled throughout 2007 and beyond, a healthy pipeline is essential for the future growth and profitability of BioProgress. The Development Team has worked tirelessly to create our vision of medicines that act quickly and are easy to take." For further information: BioProgress Plc + 44 (0) 20 7098 9881 Richard Trevillion, CEO Steve Martin, CDO Hiral Patel, CFO Buchanan Communications + 44 (0) 20 7466 5000 Rebecca Skye Dietrich Mark Court About BioProgress BioProgress plc is an innovative specialty pharmaceutical and healthcare business based around its platform technologies in polymer and film systems. Listed on London's AIM in May 2003 and on US NASDAQ in October 2004, the company has over 80 patents granted or in application within 24 patent families and has product development agreements and strategic alliances with several global companies. As a virtually integrated business, BioProgress has acquired sales and marketing resources within Europe and the US as a launch mechanism for its own pharmaceutical products. The business continues to develop innovative delivery mechanisms using its XGELpolymer technology, replacing the need to use animal-derived gelatine in pharmaceutical and healthcare products. For further information please go to www.bioprogress.com Forward-Looking Information. The Ordinary Shares of BioProgress plc are registered under the US Securities and Exchange Act of 1934. To the extent that this announcement contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, this paragraph applies. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. The forward-looking statements in this release include statements addressing future financial and operating results and the timing and benefits of the reorganisation. Detailed information about factors pertinent to the business of the company that could cause actual results to differ is set forth in the Company's filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaim any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This announcement is for information only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice. The distribution of the announcement and/or issue of securities in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about and to observe such restrictions. This information is provided by RNS The company news service from the London Stock Exchange END NRAURVURBBRVOUR
1 Year Bioprogress Chart |
1 Month Bioprogress Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions