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Inter-amer 30 | LSE:BC43 | London | Medium Term Loan |
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BW20020814002125 20020814T122852Z UTC ( BW)(ELI-LILLY)(BC43) FDA Issues Approvable Letter for Strattera for ADHD; Strattera Would Give Patients, Families and Physicians a New Treatment Option Business Editors UK REGULATORY NEWS INDIANAPOLIS--(BUSINESS WIRE)--Aug. 14, 2002-- Eli Lilly and Company (NYSE:LLY) has received an approvable letter from the U.S. Food and Drug Administration (FDA) for Strattera(TM) (atomoxetine hydrochloride), a treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) in children, adolescents and adults. Approval is contingent upon labeling discussions, and submission of additional data or analyses from either existing studies or a potential new study. While Lilly continues to plan for final FDA approval in the spring of 2003, approval timing is contingent upon further discussions with the FDA regarding the additional data requested. "We are delighted to reach this important milestone in the development of Strattera, and we are working closely with the FDA to complete this process as quickly as possible," said John Lechleiter, executive vice president of pharmaceutical products and corporate development at Eli Lilly and Company. "We're eager to bring this new treatment option to patients, families and health care professionals." Lilly submitted its New Drug Application (NDA) for Strattera in October 2001. It included data from six placebo-controlled studies, involving children, adolescents and adults. So far, more than 4,000 patients have taken Strattera in clinical trials. ADHD affects 3-7 percent of school age children(1) and manifests itself in levels of attention, concentration, activity, distractibility, and impulsivity that are inappropriate to the child's age group.(2) Experts estimate 60 percent of children with the disorder carry their symptoms into adulthood.(3) Lilly, a leading innovation-driven corporation, is developing a growing portfolio of best-in-class pharmaceutical products by applying the latest research from its own worldwide laboratories and from collaborations with eminent scientific organizations. Headquartered in Indianapolis, Ind., Lilly provides answers -- through medicines and information -- for some of the world's most urgent medical needs. This news release contains forward-looking statements that reflect management's current beliefs about the potential for atomoxetine in the treatment of Attention-Deficit/Hyperactivity Disorder (ADHD). However, as with any pharmaceutical under development, there are significant risks and uncertainties in the process of development and regulatory review. There are no guarantees that the product will receive regulatory approvals or prove to be commercially successful. There is also no assurance of the timing of final FDA action on the compound. For additional information about the factors that affect the company's business, please see Exhibit 99 to the company's latest Form 10-Q. The company undertakes no duty to update forward-looking statements. (1) American Academy of Pediatrics. Clinical practice guidelines: diagnosis and evaluation of the child with attention-deficit/hyperactivity disorder. Pediatrics. 2000; 105:1158-1170. (2) American Psychiatric Association: Diagnostic and Statistical Manual of Mental Disorders, fourth edition. Washington, DC, American Psychiatric Association, 1994. (3) American Psychiatric Association: DSM-IV-TR.2000.85-93 Schweitzer JB, et al. Attention-deficit/hyperactivity disorder. Med Clin of North Am. 2001; 85(3):757-777. Short Name: Lilly (Eli) & Co Category Code: MSC Sequence Number: 00000628 Time of Receipt (offset from UTC): 20020813T192905+0100 --30--db/in* CONTACT: Eli Lilly and Company David Shaffer, 317/651-3710 KEYWORD: INDIANA UNITED KINGDOM INTERNATIONAL EUROPE INDUSTRY KEYWORD: PHARMACEUTICAL MEDICAL BIOTECHNOLOGY PRODUCT SOURCE: Lilly (Eli) & Co Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
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