Sunday, April 21, 2019

Adare Acquires Egalets Proprietary ParvuletTM Technology Platform

BWW News Desk
April 15, 2019

Adare Pharmaceuticals Inc today announced that it has entered into an agreement with Egalet Corporation OTCQX ZCOR to acquire global rights of the ParvuletsupTMsup technology platform and its associated Intellectual Property The technology is protected by several patents granted in the United States Canada and Europe with patent life ranging from five to 10 years pblockquotep idpullquotepblockquote p Using commonly used pharmaceutical excipients the technology enables singledose formulation of tastemasked easytoswallow oral medications with a soft food like texture for pediatric and geriatric populations including those with dysphagia One of the unique features of the technology is its ability to enable high dose regimens that may not be feasible by other means Parvulet technology will be complementary to the existing proprietary technologies owned by Adare Pharmaceuticals allowing the company to expand its product development capabilities p p We are excited to bring this new technology into our portfolio of proven product development technology platforms commented Ajay Damani Vice President Pharmaceutical Technologies at Adare It demonstrates our commitment to advancing novel technologies for improved drug delivery mechanisms and better healthcare solutions for patients p p Under the agreement Egalet will transfer the Intellectual Property and knowhow to Adare Pharmaceuticals effective immediately Details of the agreement terms were not disclosed p p Given our focus on our seven commercial products we are pleased to have signed this agreement enabling Adare to leverage the Parvulet technology to develop new products said Mark Strobeck Egalet Chief Operating Officer p p To find out more about the technology and how Adare can partner with you please send requests to a referrerpolicyunsafeurl targetblank hrefmailtoBusDevadarepharmacom relnofollowBusDevadarepharmacoma p p bAbout Adare Pharmaceuticals Incb p p Adare Pharmaceuticals utilizes its differentiated Pharmaceutical Technology and Microbiome scientific platforms to develop novel valueadded products for the global market Through its Specialty CDMO business Adare provides codevelopment and contract services to biopharmaceutical companies to develop and manufacture products that are marketed by its partners Through its Adare Development affiliate Adare invests in its own product pipeline and currently has a number of investigational products in various stages of development Adare has developed and manufactured more than 40 products sold by partners in more than 100 countries globally including Lacteol Zoolac Viactiv Amrix and a number of branded and complex generic products a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwadarepharmacomampesheet51969867ampnewsitemid20190415005838amplanenUSampanchorhttp3A2F2Fwwwadarepharmacomampindex1ampmd5ffbe4e4e18f03ea9affcbb18a9d0cc9b relnofollowhttpwwwadarepharmacoma p p bAbout Egaletb p p Egalet a commercialstage pharmaceutical company is focused on marketing treatments for different types of pain and inflammation Given the need for various types of pain products and the ongoing issue of prescription opioid abuse Egalet is focused on bringing nonnarcotic products and abusediscouraging formulations of opioids to individuals in pain and the healthcare providers who care for them Egalet markets six products SPRIXsupsup ketorolac tromethamine Nasal Spray ZORVOLEXsup supdiclofenac VIVLODEXsup supmeloxicam TIVORBEXsup supindomethacin INDOCINsupsupindomethacin suppositories INDOCIN oral suspension capsules and OXAYDOsupsup oxycodone HCI USP tablets for oral use only CII p p For full prescribing information boxed warnings and medication guides please visit the following sites for each product sprixcom vivlodexcom zorvolexcom tivorbexcom and oxaydocom Prescribing information the boxed warning and medication guide for INDOCIN oral suspension and suppositories can be found at dailymednlmnihgov p p p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190415005838r1ampsidweb02ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire


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