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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Maelor | LSE:MLR | London | Ordinary Share | GB00B2QBY649 | ORD 70P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 100.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6841N Maelor PLC 11 February 2008 11th February 2008 Maelor plc ("Maelor" or the "Company") Maelor Launches Aloxi(R) (palonosetron) in the UK MAELOR PLC (AIM:MLR), the specialist hospital medicines group is pleased to announce, ahead of schedule, the UK launch of Aloxi(R), a new generation treatment for chemotherapy induced nausea and vomiting. Aloxi(R), which is licensed from HELSINN HEALTHCARE SA, a Swiss pharmaceutical group, is a patented second generation 5-HT3 antagonist, differentiated by its strength on initiation and the duration of its activity. It obtained a centralised registration in Europe in 2005, with an indication for the prevention of acute nausea and vomiting associated with highly emetogenic cancer chemotherapy and the prevention of nausea and vomiting associated with moderately emetogenic cancer chemotherapy. Aloxi(R) is being successfully marketed in 40 countries, with annual sales in 2006 of $323M worldwide, according to IMS figures. The UK 5-HT3 market is £50 million according to IMS figures at September 2007. "We are delighted with the progress that has been made by Maelor since we signed our agreement with them on 29th October 2007 for distribution of Aloxi(R) in the UK that has resulted in a launch ahead of schedule. We are very excited about working with such a committed and professional partner in Maelor to deliver the benefits of Aloxi(R) to the UK patients and medical community", said Dr. Riccardo Braglia, CEO of HELSINN HEALTHCARE SA. Tim Wright, CEO of Maelor commented: "We are very pleased to be able to announce the launch of Aloxi(R), ahead of schedule. The launch of this unique anti-emetic treatment is directly in line with our core strategy of acquiring late stage and launched specialist hospital medicines and rapidly growing them, as we have demonstrated with our plasma substitute brand, Volplex. Today's launch is the first in a rich pipeline of forthcoming specialist hospital brand launches, which will continue to drive Maelor's strong earnings performance." - Ends - About Chemotherapy-Induced Nausea and Vomiting (CINV) CINV is estimated to potentially affect 85% of cancer patients undergoing chemotherapy and can result in a delay or discontinuation of chemotherapy treatments. The supportive care area is becoming of paramount importance to help patients deal with adverse events of anti-cancer therapies, such as chemotherapy. With good supportive care drugs, cancer patients are able to tolerate the anti-cancer treatment to a greater extent, improving the chances of completing their treatment course successfully and with a better quality of life. About Aloxi(R) Aloxi(R) is a selective 5-HT3-receptor antagonist, developed for the prevention of CINV, with a long half-life of 40 hours and at least 30 times higher receptor binding affinity than currently available compounds. In practice this means that Aloxi(R) only needs to be given once per chemotherapy treatment cycle in comparison with competitor products which need to be given several times. Since its availability in USA in September 2003, there have been over 6.9 million successful uses of Aloxi(R). The product has shown to be effective in preventing both acute and delayed CINV in patients receiving emetogenic chemotherapies. For more information about this product please visit our website: www.aloxi.com. About HELSINN HEALTHCARE HELSINN HEALTHCARE SA is a privately owned pharmaceutical group with headquarters in Switzerland and is the worldwide licensor of Aloxi(R). HELSINN's core business is the licensing of pharmaceuticals in niche therapeutic areas. The company's business strategy is to in-license early-stage new chemical entities and complete their development from the performance of pre-clinical/ clinical studies and CMC development to the attainment of market approvals in strategic markets (U.S. and Europe). HELSINN's products are eventually out-licensed to its worldwide consolidated network of partners for distribution. The active pharmaceutical ingredients and the drug products are manufactured at HELSINN's cGMP facilities and supplied worldwide to its customers. HELSINN's chemical business focuses on the pharmaceutical chemical process development and manufacturing of advanced intermediates, Active Pharmaceutical Ingredients (APIs) and High Potency Active Ingredients (HPAIs) for both the HELSINN group and its outsourcing partners. For more information about HELSINN, please visit www.helsinn.com. Enquiries HELSINN: Helsinn Healthcare S.A. Tel: +41 91-985-21-21 /info-hhc@helsinn.com Paolo Ferrari - Head of Marketing, Oncology & Cancer Supportive Care, Commercial Operations About MAELOR Maelor plc (AIM:MLR) is a fast growing specialist hospital medicines group, which is traded on the Alternative Investment Market ("AIM"). The strategy of the Group is to grow by combining the acquisition of products and companies with the dynamic development and marketing of these assets. With a focus in the specialist hospital sector, Maelor leverages its expertise in both pharmaceuticals and medical devices to drive growth. Based in the UK, Maelor commercialises its portfolio in the UK directly. Maelor also operates internationally through a strong network of distributors. Currently focused in the areas of critical care, neurology and oncology, some of Maelor's leading brands include: Critical Care: Volpex(R) (plasma substitute), Cryogesic(R) / Dermogesic(TM) (cryo-analgesic), Haemopressin(R) (oesophageal varices), ISOplex(R) (isotonic plasma substitute) Neurology: Mysoline(R) (primidone), a product currently used to treat Epilepsy and which Maelor are developing for management of Essential Tremor, a distressing condition affecting an estimated 1 in 25 over 40 year olds for which primidone is one of only two recommended treatments. Oncology: Cryogesic(R), 5 FU (oral chemotherapeutic) and most recently, Aloxi(R) (chemotherapy induced nausea and vomiting) Products which are outside of the Group's core hospital focus or are in early stage of research are out-licensed, including the successful OptiFlo(TM) Catheter Maintenance Solutions, a trademark of C.R. Bard Inc or an affiliate (to Bard Limited) and Micelle Nanotechnology, an early stage product for interstitial cystitis (to Plethora Solutions Limited). To find out more about Maelor go to www.maelor.plc.uk. Enquiries MAELOR: Maelor plc Tel: +44(0) 1244 625150 Tim Wright - CEO www.maelor.plc.uk Financial Dynamics Limited Tel: +44(0) 20 7831 3113 Billy Clegg / Edward Westropp Noble & Company Limited Tel: +44(0) 20 7763 2200 Matthew Hall / Sam Reynolds This information is provided by RNS The company news service from the London Stock Exchange END MSCFKFKPCBKDKBK
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