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Biotech / Medical : Mylan Labs -- Ignore unavailable to you. Want to Upgrade?


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).



To: Druggist who wrote (313)5/19/1998 9:57:00 PM
From: David Lawrence  Respond to of 384
 
And, a little additional competition:


POMONA, N.Y. -(Dow Jones)- Barr Laboratories Inc. has received
approval from the Food and Drug Administration to market generic
triamterene and hydrochlorothiazide tablets for the treatment of
hypertension or edema, the company said Tuesday.
The tablets, which come in 37.5-mg or 25-mg doses, are the generic
equivalent of Bertek Pharmaceuticals Inc.'s Maxide's 25-mg tablets.
Bertek Pharmaceuticals is a unit of Mylan Laboratories Inc. (MYL)
Barr Laboratories (BRL) said it will begin shipping the generic
tablets this spring. The company said the FDA approval rounds out its
line of triamterene and hydrochlorothiazide products.
Barr Laboratories develops, makes and markets generic and proprietary
pharmaceuticals.
Copyright (c) 1998 Dow Jones & Company, Inc.