To: Druggist who wrote (313 ) 5/19/1998 9:55:00 PM From: David Lawrence Read Replies (1) | Respond to of 384
Some rare good news out of Somerset: TAMPA, Fla., May 19 /PRNewswire/ -- Somerset Pharmaceuticals, Inc. ("Somerset"), which markets Eldepryl(R) capsules for the treatment of Parkinson's disease, announced completion of its 6 week, 176 patient, Phase III multi-center clinical trial comparing its patented selegiline transdermal system (STS) with placebo therapy in patients with major depression. Analysis of the efficacy data yielded statistically significant differences between the placebo and STS treatment group when evaluating multiple efficacy endpoints. Melvin Sharoky, M.D., President of Somerset commented, "Our belief that selegiline delivered through a convenient once-a-day transdermal delivery system, would have impressive antidepressant properties is supported by a recently completed Phase III clinical trial. We are preparing to conduct the necessary clinical trials that will be needed to gain marketing approval for our product both in the U.S. and the rest of the world for major depression. We will continue our programs for additional therapeutic indications in order to maximize the value of our patents for the transdermal delivery of selegiline." This press release contains several forward-looking statements which represent the Company's expectations and beliefs concerning future events, including, but not limited to (i) the commencement, continuation and/or completion of planned clinical trials for major depression; (ii) other programs relating to additional indications; (iii) marketing approval of the drug under development by the Company from the U.S. Food and Drug Administration or other authorities; and (iv) the potential value of Somerset's patents. These forward-looking statements are qualified by important facts, risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to, changing market conditions, clinical trial results, the impact of competitive products and pricing, the maintenance of the Company's patent portfolio and the development, FDA approval and market acceptance of the Company's products. Somerset Pharmaceuticals, Inc. is owned 50% by Watson Pharmaceuticals, Inc. (NYSE:WPI) and 50% by Mylan Laboratories, Inc. (NYSE:MYL).