It is more surprise that success, but it deserve to be lead news today.
Monday February 11, 5:00 am Eastern Time
Press Release
SOURCE: United Therapeutics Corporation
United Therapeutics Receives FDA Approvable Letter for Remodulin To Treat Pulmonary Arterial Hypertension
Conference Call Scheduled for Monday, February 11, 2002, 9:00 a.m. E.S.T.
RESEARCH TRIANGLE PARK, N.C. and SILVER SPRING, Md., Feb. 11
/PRNewswire-FirstCall/ -- United Therapeutics Corporation (Nasdaq: UTHR - news)
announced today that the U.S. Food and Drug Administration (FDA) has issued an
approvable letter for Remodulin (treprostinil sodium) Injection for the
treatment of pulmonary arterial hypertension. An approvable letter usually
represents the final step before a drug receives FDA clearance for marketing
in the United States.
The FDA has proposed drug labeling for pulmonary arterial hypertension consistent with the treatment of both primary and secondary pulmonary hypertension in patients with NYHA Class II-IV symptoms. The approvable letter also stated that the FDA intends to approve Remodulin with a requirement that United Therapeutics subsequently conduct a post-marketing controlled clinical trial to verify and further describe the drug's clinical benefit. United Therapeutics is in final discussions with the FDA, the outcomes of which are expected to form the basis for approval of Remodulin in accordance with the FDA's accelerated approval regulations. Upon approval, Remodulin will be the first FDA-approved therapy for NYHA Class II pulmonary arterial hypertension patients.
``There remains a tremendous need for new medications to treat this life-threatening condition,'' said Roger Jeffs, Ph.D., President and Chief Operating Officer of United Therapeutics. ``We welcome the FDA's action and are obviously very pleased that the application has progressed to an approvable action. We will work diligently with the FDA to satisfy the remaining requirements for approval of Remodulin so that pulmonary arterial hypertension patients will have access to this therapy as quickly as possible.''
United Therapeutics conducted the largest double blind placebo-controlled study in pulmonary arterial hypertension, a disease in which blood pressure in the pulmonary arteries rises to life-threatening levels. Approximately 50,000 people in North America and Europe are afflicted with forms of the disease. On August 9, 2001, FDA's Cardiovascular and Renal Drugs Advisory Committee recommended approval of Remodulin. United Therapeutics has submitted Remodulin marketing applications to health authorities in France, Switzerland and Canada. Additional international filings will follow approval in the U.S. and France.
Approximately 450 pulmonary arterial hypertension patients worldwide continue to use Remodulin in open label studies sponsored by United Therapeutics. Remodulin is administered subcutaneously via an infusion device developed by Medtronic MiniMed, Inc. (Nasdaq: MDT - news). In anticipation of final FDA approval of Remodulin, United Therapeutics entered into drug distribution partnerships in the United States with two companies: Priority Healthcare Corporation (Nasdaq: PHCC - news) and Gentiva Health Services, Inc. (Nasdaq: GTIV - news). United Therapeutics has also formed Remodulin distribution partnerships in Europe, Canada, Australia, Latin America and Israel.
United Therapeutics' CEO, Dr. Martine Rothblatt, and President, Dr. Roger Jeffs, will host a teleconference on February 11, 2002 at 9:00 a.m. Eastern Standard Time. The teleconference is accessible by dialing 1-800-997-8642 with international callers dialing 973-694-6836. A rebroadcast of the teleconference will be available for one week following the teleconference by dialing 1-800-428-6051, with international callers dialing 973-709-2089, and using access code 232000. <snip> |
