Friday, April 13, 2007

Syndax Pharmaceuticals, Inc. Licenses Selective Histone Deacetylase Inhibitor MS-275

Syndax Pharmaceuticals, Inc. announced today that it has entered into an exclusive licensing agreement with Bayer Schering Pharma AG for the acquisition of worldwide rights to the selective histone deacetylase inhibitor (HDACi) MS-275, which becomes known as SNDX-275. Under the terms of the agreement, Syndax will develop and commercialize the compound, while Bayer Schering Pharma will receive upfront and milestone payments. The HDACi becomes Syndax’s lead product candidate to be developed in combination with other oncology therapies. Financial terms of the agreement were not announced.

According to Syndax president and chief executive officer, Joanna Horobin, M.D., “The successful in-licensing of SNDX-275, which has already demonstrated safety, tolerability, and clinical activity, catapults Syndax forward as an oncology drug development company. There is clinical evidence of the drug’s potential to treat a variety of tumor types in optimized, mechanistically driven combinations with other known cancer therapies. Based on data from 200 patients across various doses and tumor types, we plan to initiate Phase 2 trials in certain hematological and solid tumor indications where there are significant unmet medical needs and where an accelerated approval may be possible.”

Dr. Horobin added that additional clinical trials with SNDX-275 are expected to begin in late 2007. Syndax also intends to continue the collaboration with the National Cancer Institute previously established by Schering AG, now Bayer Schering Pharma AG.

“The huge potential for HDAC inhibitors to change the traditional approach of rotating cancer patients through different and increasingly toxic cycles of drug treatment was singularly attractive to the venture capital syndicate that recently invested $40 million in Syndax. We believe that the ability of HDAC inhibitors to biochemically restore drug targets is a powerful strategy to improve and extend the lives of cancer patients by re-sensitizing tumors to more desirable and less toxic therapies,” noted Kim Kamdar, Ph.D., member, Syndax Board of Directors, and principal, Domain Associates.

”I am very excited that Syndax has licensed this selective HDACi from Bayer Schering Pharma AG. The clinical results with SNDX-275 in combination with azacitidine are quite encouraging. I look forward to working with the Syndax team in the development of this promising molecule,” said Dr. Steven Gore, associate professor of oncology at the Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins University, who has been investigating SNDX-275 in combination with the DNA methyl transferase inhibitor azacitidine.

Role of HDAC inhibitors in cancer

Genes that regulate cell growth are frequently silenced in cancer cells due to over-expression or improper targeting of chromatin modifying enzymes. Among these enzymes are histone deacetylases (HDACs). The acetylation state of histones determines in part whether the chromatin is “open”, allowing gene expression or “closed”, prohibiting gene expression.

Several HDACs can be over-expressed in tumor cells, upsetting the balance of gene expression such that levels of the proteins encoded by these genes are reduced. In addition, some cancers arise though genetic alterations that lead to the expression of fusion proteins that recruit HDACs to the wrong genomic location, also resulting in the silencing of genes normally involved in cell growth.

Changes in chromatin structure have been shown to affect some of the gene products, which are important targets for cancer therapy. Preclinical studies have demonstrated that HDAC inhibition can synergize with and significantly enhance the therapeutic efficacy of a broad range of anti-cancer agents, potentially even restoring the sensitivity of tumor cells to these agents. These findings highlight the exciting potential for HDAC inhibitors in combination with existing oncology drugs to regulate gene expression and lower apoptotic thresholds.

About SNDX-275, an oral HDAC Inhibitor

SNDX-275 (formerly known as MS-275) is an orally bioavailable, highly selective class I, histone deacetylase inhibitor with a long half-life that allows weekly dosing. Having been evaluated in over 200 cancer patients, SNDX-275 is one of the most clinically advanced class I selective HDAC inhibitors. In Phase 1 clinical trials, SNDX-275 was associated with responses in both hematologic and solid tumors over a range of doses. In those studies, SNDX-275 was generally well tolerated at the dose and regimen selected for evaluation in Phase 2 clinical trials, which will assess the safety and efficacy of SNDX-275 in combination with other cancer agents.

About Syndax

Syndax Pharmaceuticals, Inc. is a Waltham, MA-based, oncology-focused biopharmaceutical company, with a lead product candidate, SNDX-275, expected to enter Phase 2 clinical trials in 2007. Syndax is building a portfolio of new oncology products to extend and improve the lives of patients by developing and commercializing novel cancer therapies in optimized, mechanistically driven combination regimens. Formed in 2005, the company's intellectual property is based on work from scientific founder Ronald Evans, PhD, recipient of the 2004 Albert Lasker Prize for Basic Medical Research, a Member of the National Academy of Sciences, a professor at the Salk Institute for Biological Studies and a Howard Hughes Medical Institute Investigator. Syndax recently closed a $40 million Series A financing co-led by Domain Associates and MPM Capital, with participation from Avalon Ventures, Forward Ventures, and Pappas Ventures.

Thursday, April 12, 2007

Invitrogen Completes Divestiture of BioReliance

Invitrogen Corporation (Nasdaq:IVGN), a provider of essential life science technologies for disease research and drug discovery, today announced it has completed the sale of its BioReliance business unit to Avista Capital Partners for $210 million.

"The decision to sell BioReliance followed a thorough portfolio review aimed at identifying our core competencies," said Greg Lucier, Chairman and Chief Executive Officer of Invitrogen. "This divestiture allows us to focus on our core platform of tools and technologies and to grow our position as the premier consumables company in the marketplace."

BioReliance is a contract service organization that provides biological safety, testing, toxicology, viral manufacturing and laboratory animal diagnostic services.

About Invitrogen

Invitrogen Corporation (Nasdaq:IVGN) provides products and services that support academic and government research institutions and pharmaceutical and biotech companies worldwide in their efforts to improve the human condition. The company provides essential life science technologies for disease research, drug discovery, and commercial bioproduction. Invitrogen's own research and development efforts are focused on breakthrough innovation in all major areas of biological discovery including functional genomics, proteomics, bioinformatics and cell biology -- placing Invitrogen's products in nearly every major laboratory in the world. Founded in 1987, Invitrogen is headquartered in Carlsbad, California, and conducts business in more than 70 countries around the world. The company is celebrating 20 years of accelerating scientific discovery. Invitrogen globally employs approximately 4,300 scientists and other professionals and had revenues of more than $1.26 billion in 2006. For more information, visit www.invitrogen.com

About Avista Capital Partners

Avista Capital Partners is a leading private equity firm with offices in New York, NY and Houston, TX. Founded in 2005, Avista's strategy is to make controlling or influential minority investments primarily in growth-oriented media, healthcare and energy companies. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses. For more information, visit www.avistacap.com

Affymax Announces Completion of Common Stock Offering

Affymax, Inc. (Nasdaq: AFFY), a clinical-stage pharmaceutical company, today announced the completion of its initial public offering of 3.7 million shares of its common stock and the exercise by the underwriters of their option to purchase an additional 555,000 shares solely to cover over-allotments. The aggregate net proceeds of the offering, including the shares issued upon exercise of the over-allotment option, are approximately $96 million after payment of estimated expenses and underwriting discounts and commissions.

Morgan Stanley & Co. Incorporated acted as the sole book-running manager for this offering. Cowen and Company, LLC, Thomas Weisel Partners LLC and RBC Capital Markets acted as co-managers for the offering.

Affymax's common stock is listed on the Nasdaq Global Market under the trading symbol "AFFY."

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.

A copy of the prospectus relating to this offering may be obtained by contacting Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY, 10014, Attention: Prospectus Department, by calling (866) 718-1649 or by emailing prospectus@morganstanley.com.

About Affymax, Inc.

Affymax, Inc. is a clinical-stage biopharmaceutical company developing novel peptide-based drugs to improve the treatment of serious and often life- threatening conditions. Affymax's lead product candidate, Hematide(TM), is currently in Phase 2 clinical trials for the treatment of anemia associated with chronic kidney disease and cancer.

Medtronic Wins Medical Design Excellence Awards for Products Related to Activa Deep Brain Stimulation Therapy and Ear, Nose and Throat Surgery

Medtronic, Inc. (NYSE: MDT), announced today that it has been awarded three Medical Design Excellence Awards – two for products related to Activa® Deep Brain Stimulation (DBS) Therapy, a treatment for common movement disorders including Parkinson’s disease, and one for an ear, nose and throat (ENT) image guidance system used in sinus surgery.

The winning DBS products are the Nexframe® stereotactic technology system in the “surgical equipment, instruments, and supplies” category and the Stimloc™ lead anchoring device in the “implant and tissue-replacement products” category. The winning ENT surgery product is the LandmarX® Element endoscopic image guidance system in the “radiological and electromechanical devices” category.

“Medtronic is the company that developed deep brain stimulation as a treatment for numerous movement disorders,” said Zachary Levine, a neurosurgeon at the Washington Brain and Spine Institute in Washington, D.C., and an experienced implanter of Medtronic’s deep brain stimulation technology who has adopted the Nexframe system and the Stimloc device. “With these award winning products, it is providing innovative ways for neurosurgeons to implant DBS systems more efficiently.”

The Nexframe system enables accurate DBS lead placement while improving operating room efficiency and the patient experience. It replaces the traditional stereotactic head frame with a mini stereotactic system that uses bone markers and image-guided surgery technology to allow imaging and planning prior to the day of surgery. Because of its small size, the Nexframe system may reduce the discomfort of a traditional stereotactic head frame worn by a patient during a DBS procedure and allows the patient to be positioned with a moveable head and neck support rather than being secured to the operating table.

The Stimloc lead anchoring device enables secure fixation of the DBS lead before and after implantation. Its low profile and contoured shape enhances patient cosmetics and comfort, and helps protect the underlying soft brain tissue.

The Nexframe system and the Stimloc device are part of an integrated suite of products and services that comprise the Medtronic Procedure Solution for Deep Brain Stimulation. These products are both used in Activa® DBS Therapy, which safely and effectively manages some of the most disabling motor symptoms of the three most common movement disorders – Parkinson’s disease, essential tremor and dystonia. It uses a surgically implanted medical device, similar to a cardiac pacemaker, to deliver carefully controlled electrical stimulation to targeted areas in the brain. Activa DBS works by electrically stimulating specific brain structures that control movement and muscle function.

The LandmarX Element provides advanced technology to support the essential image guidance system (IGS) functions an ENT surgeon needs for Functional Endoscopic Sinus Surgery (FESS).

The LandmarX Element IGS system is a surgical platform that supports use of special application software and associated instruments. The procedure-specific automated software requires no more than three to five minutes to complete the steps necessary for FESS navigation. The simplified user interface and minimized pre-operative set-up time make it an attractive and cost-effective solution for FESS surgeries performed at ambulatory surgery centers, where support staff can be trained in one to two cases. LandmarX eNV® instruments were the first to market with rotating arrays that maintain line of sight for both right- and left-handed surgeons, enabling uninterrupted navigation.

MDEA, a worldwide competition, is the premier awards program for the medical technology community. It is organized and presented by Los Angeles-based Canon Communications LLC, publisher of several medical technology industry publications, including MX and Medical Device & Diagnostic Industry. Winning entries are chosen on the basis of the innovative use of materials or processes and design and engineering features that enhance the ability of medical professionals to provide healthcare, offer improved patient benefits, and better overall delivery of care.

The 2007 Medical Design Excellence Award winners will be honored at a ceremony during the Medical Design & Manufacturing (MD&M) East Conference and Exposition, June 12–14, 2007, at New York City’s Jacob K. Javits Convention Center. Gold and silver award recipients will be announced at that time.

Located in Minneapolis, the Neurological business of Medtronic pioneered and leads the field of neuromodulation, the targeted and regulated delivery of electrical pulses, pharmaceuticals, and biologics to specific sites in the nervous system.

Located in Jacksonville, Florida, the ENT business of Medtronic is changing the way ENT surgery is performed with innovative, minimally invasive products and techniques that benefit both patients and surgeons. The business’s main products include powered tissue-removal systems and other microendoscopy instruments, nerve monitoring systems, disposable fluid control products, image-guided surgery systems and a Ménière's disease therapy device.

About Medtronic
Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology – alleviating pain, restoring health, and extending life for millions of people around the world.

Coley Pharmaceutical Group Licenses VaxImmune to Merck for Use in Vaccine Programs

Coley Pharmaceutical Group, Inc. (Nasdaq: COLY) today announced that Merck & Co., Inc. has licensed Coley's VaxImmune(TM) vaccine adjuvant for incorporation into vaccines being developed by Merck for certain infectious diseases and Alzheimer's disease.

Under the terms of the agreement, Merck has agreed to pay Coley an upfront license fee of $4.0 million. Coley is also eligible to receive milestone payments of up to $33 million as well as royalties from the sale of any products that are commercialized under the agreement. Merck receives a worldwide, non-exclusive license to VaxImmune for incorporation into vaccines for certain infectious disease fields and Alzheimer's disease, as well as the option to add additional fields to the license.

"We are delighted that Merck has licensed VaxImmune for use in its vaccine programs," said Robert L. Bratzler, President and Chief Executive Officer for Coley Pharmaceutical Group. "Through their ability to boost the effectiveness of vaccines, adjuvant technologies such as VaxImmune have the potential to provide key product differentiators and contribute to the commercial success of vaccines."

VaxImmune is a proprietary Toll-like receptor 9 (TLR9) agonist designed to induce both an enhanced antigen-specific antibody response and a natural killer T-cell immune response when used in combination with prophylactic (preventative) or therapeutic vaccines. VaxImmune has been included in approximately 35 clinical trials of vaccines in development for various cancer indications, infectious diseases and biowarfare defense.

About Coley Pharmaceutical Group

Coley Pharmaceutical Group, Inc. is an international biopharmaceutical company, headquartered in Wellesley, Massachusetts, USA, that discovers and develops TLR Therapeutics(TM), a new class of investigational drug candidates that direct the human immune system to fight cancers, asthma and allergic diseases and to enhance the effectiveness of vaccines. Coley has established a pipeline of TLR Therapeutic product candidates currently advancing through clinical development with partners and has additional product candidates in preclinical development. Coley has product development, research and license agreements with Pfizer, sanofi-aventis, GlaxoSmithKline, Novartis Vaccines, Merck and the United States government. For further information on Coley Pharmaceutical Group please visit http://www.coleypharma.com

Wednesday, April 11, 2007

Pharmacopeia Announces Positive Results from Initial DARA Clinical Trial

Pharmacopeia (NASDAQ: PCOP), an innovator in the discovery and development of novel small molecule therapeutics, today announced positive results from the initial Phase 1 clinical trial of PS433540, the company’s lead internal product candidate for the treatment of hypertension and diabetic nephropathy. Data from the single ascending dose (SAD) study indicated that PS433540 was well tolerated at all six doses administered. In addition, study findings suggested that the compound possesses linear pharmacokinetics and a half-life that is consistent with once daily administration.

PS433540 is the first and only dual-acting angiotensin and endothelin receptor antagonist (DARA) in development. The compound, which possesses two clinically validated mechanisms of action in a single molecule, works by selectively blocking the action of two potent vasoconstrictor and mitogenic agents, angiotensin II (AII) and endothelin 1 (ET1), at their respective receptors. PS433540 is highly selective (10,000-fold) for the AII receptor sub-type 1 and the ET receptor sub-type A. As such, PS433540 combines the properties of an angiotensin receptor blocker (ARB) and an endothelin receptor antagonist (ERA) in the same molecule. Preclinical data suggests that, compared to either mechanism alone, simultaneously blocking the actions of both AII and ET1 may provide improved treatment options for several cardiovascular diseases.

“By showing that PS433540 is well tolerated over a broad range of doses while also possessing characteristics consistent with once-a-day dosing, we have taken an important initial step in the development of this first-in-class compound,” said Rene Belder, M.D., Pharmacopeia’s Vice President of Clinical and Regulatory Affairs. “Based on these findings, we are moving forward with our clinical development of DARA in an effort to complete the overall Phase 1 program in a timely fashion.”

The objective of this randomized, placebo-controlled, dose-escalation study was to evaluate the compound’s preliminary safety and tolerability by treating six separate groups of healthy volunteers. Each group consisted of eight subjects, with six individuals receiving the active DARA compound and two receiving placebo. PS433540 doses administered to the study groups ranged from 20 mg to 1000 mg and were increased for each successive group. In addition to safety and tolerability, dose-related pharmacokinetics were also evaluated.

Pharmacopeia’s Phase 1 program for PS433540 is comprised of multiple studies. In addition to the recently completed SAD trial, other planned studies include a multiple ascending dose (MAD) study to further evaluate safety after repeated administration of PS433540 over 14 days, as well as an angiotensin challenge study and an endothelin challenge study to demonstrate PS433540’s dual pharmacology. Pharmacopeia expects the entire Phase 1 program to be complete in late 2007 with a Phase 2 trial beginning in the first half of 2008.

ABOUT PHARMACOPEIA
Pharmacopeia is committed to discovering and developing novel therapeutics to address significant medical needs. The Company has a broad portfolio advancing toward clinical validation, both independently and with partners. Pharmacopeia's most advanced internal program is a dual-acting angiotensin and endothelin receptor antagonist (DARA) for hypertension and diabetic kidney disease for which Phase 1 clinical trials are underway. Other internal proprietary programs address primarily immunoregulation. Pharmacopeia's collaborative efforts have resulted in a portfolio that includes one partnered program currently in Phase 2 clinical trials targeting chronic obstructive pulmonary disease (COPD) and four partnered programs in Phase 1 clinical trials targeting rheumatoid arthritis, oncology, metabolic diseases and inflammatory diseases. Three additional partnered compounds are in preclinical development. Pharmacopeia's current strategic partnerships are with Cephalon, GlaxoSmithKline, Organon and Wyeth.

Bayer supports the WHO in its fight against Chagas disease

Bayer HealthCare AG supports the World Health Organization (WHO) in its fight against Chagas disease. A new agreement for the provision of 2.5 million tablets of Lampit® (active ingredient: nifurtimox) and additional funding has now been signed. This agreement will ensure the supply of Lampit® for the next five years.

This is the third agreement between Bayer HealthCare AG and the WHO to improve the provision of this effective drug for Chagas patients in Latin America – irrespective of the financial situation of the persons concerned.

Chagas disease is a parasitic infection that is widespread in many countries of Central and South America. The pathogen is transmitted by blood-sucking insects, blood transfusions with infected blood – or even during pregnancy if the mother is suffering from the disease. Between 16 and 18 million people are currently infected and another 120 million are at risk to suffer from this fatal disease.

"We are pleased to be a reliable partner supporting the WHO in its fight against this serious and widespread disease in the long term," said Arthur J. Higgins, Chairman of the Executive Committee of Bayer HealthCare AG and Chairman of the Board of Management of Bayer Schering Pharma AG. "As a leading specialty pharmaceuticals company, we feel obliged to address areas of unmet medical need and neglected diseases."

Dr. Jean Jannin, Coordinator of Communicable Disease Control, Prevention and Eradication at the WHO, emphasized: "The partnership with Bayer HealthCare will support the WHO in its commitment to combat Chagas disease. We are doing everything in our power to eliminate this disease, which represents a public health problem, by the year 2010."

Bayer HealthCare
Bayer HealthCare, a subsidiary of Bayer AG, is one of the world’s leading, innovative companies in the healthcare and medical products industry and is based in Leverkusen, Germany. The company combines the global activities of the Animal Health, Consumer Care, Diabetes Care and Pharmaceuticals divisions. The pharmaceuticals business operates under the name Bayer Schering Pharma and as Bayer HealthCare Pharmaceuticals in the US and Canada. Bayer HealthCare’s aim is to discover and manufacture products that will improve human and animal health worldwide.

Bayer Schering Pharma
Bayer Schering Pharma is a worldwide leading specialty pharmaceutical company. Its research and business activities are focused on the following areas: Diagnostic Imaging, Hematology/Cardiology, Oncology, Primary Care, Specialized Therapeutics and Women's Healthcare. With innovative products, Bayer Schering Pharma aims for leading positions in specialized markets worldwide. Using new ideas, Bayer Schering Pharma aims to make a contribution to medical progress and strives to improve the quality of life.

Ethicon Endo-Surgery, Inc., Files For FDA Approval Of New Gastric Band For Treatment Of Morbid Obesity

Ethicon Endo-Surgery, Inc., a Johnson & Johnson company, today announced that it has submitted a Premarket Approval (PMA) application with the U.S. Food and Drug Administration (FDA) for its adjustable gastric band, an implantable device intended to treat morbid obesity.

The company's submission includes results from a prospective multi-center clinical trial of 276 patients with a body mass index (BMI) of 40 or more (100 pounds or more above ideal body weight) or a BMI of 35 or more, with one or more obesity-related conditions such as Type 2 diabetes. The primary endpoint for the study was percent of excess weight loss at three years. Patients with these BMI are classified as morbidly obese.

The clinical trial was designed to evaluate the safety and effectiveness of the device, which has been commercially available outside the U.S. since 1996 and has been implanted in over 100,000 patients worldwide. The device is a soft, adjustable band that is fitted around the uppermost part of the stomach during laparoscopic surgery, creating a small pouch and restricting food consumption.

"The submission of this application to the FDA is an important milestone as we seek to provide the bariatric community more treatment options and solutions for morbid obesity, a life-threatening disease that continues to grow throughout the world," said Kenneth Sumner, Ph.D., vice president, Worldwide Clinical and Regulatory Affairs, Ethicon Endo-Surgery, Inc. According to the American Society for Bariatric Surgery (ASBS), about 15 million people in the U.S. have morbid obesity, and in 2006, about 177,000 people had some type of bariatric surgery.

About Ethicon Endo-Surgery, Inc.

Ethicon Endo-Surgery, Inc., develops and markets advanced medical devices for minimally invasive and open surgical procedures. The company focuses on procedure-enabling devices for the interventional diagnosis and treatment of conditions in general and bariatric surgery, as well as gastrointestinal health, gynecology and surgical oncology. More information on the company can be found at www.ethiconendo.com.

Tuesday, April 10, 2007

Voluntary Drug Recall -- Ortho-McNeil Pharmaceutical, Inc., Issues A Nationwide Recall Of GRIFULVIN V/Griseofulvin Oral Suspension

Glass bottles of griseofulvin oral suspension (liquid) [GRIFULVIN V®], microsize 125 mg/5mL, a prescription medicine used to treat ringworm and other fungal infections, are being voluntarily recalled as a precaution from wholesalers and retail pharmacies nationwide. The voluntary recall is a precaution based on two reports of glass fragments found in bottles of the liquid formulation. Consumers who believe they are in possession of recalled product should contact the pharmacy where the medicine was purchased.

The voluntary recall is being conducted by Ortho Dermatological, Division of Ortho-McNeil Pharmaceutical, Inc., manufacturer of GRIFULVIN V® and griseofulvin oral suspension, which has a Patriot Pharmaceuticals, L.L.C., label. This voluntary recall is limited to the liquid formulation of the medication and does not include any other dosage form.

The two reports of glass fragments are believed to be the result of bottle breakage during shipping and handling. A plastic over-wrap placed on bottles of this medicine for protection might have made it difficult to detect breakage that occurred during shipping and handling, and action is being taken to change the over-wrap to prevent this possible occurrence in the future. In the unlikely event that a damaged bottle has been dispensed, a potential exists for injury due to accidental ingestion of glass fragments. There have been no reports of adverse events from the reported glass fragments in broken bottles.

The lots were shipped to distributors in the United States only between August 23, 2005, and March 14, 2007. Lot numbers are listed at the end of this press advisory and posted on www.aboutgrifulvin.com. Lot numbers can be found on the back of the product label only on four-ounce (120 mL) glass bottles filled by the manufacturer. Consumers with pharmacy-dispensed bottles, which were filled at the pharmacy and do not contain lot numbers, should contact the pharmacy where they purchased the medicine to determine if they are in possession of product that has been recalled.

In addition to contacting the pharmacy where the medicine was purchased, consumers who believe they are in possession of recalled bottles of GRIFULVIN V® griseofulvin oral suspension (liquid) may also call 1-800-426-7762. Consumers who believe they are in possession of affected product from Patriot Pharmaceuticals, LLC, griseofulvin oral suspension (liquid), may call 1-800-510-0383. Consumers should direct medical questions to their health care providers. Adverse reactions experienced with the use of this product should be reported to the company using the telephone numbers above.

The company is voluntarily conducting this recall in cooperation with the U.S. Food and Drug Administration and sending urgent recall letters to wholesalers and pharmacies nationwide. In addition, the company is taking action to supply new inventory to its customers.

Griseofulvin Oral Suspension (microsize) 125 mg/5ml
(PATRIOT Pharmaceuticals, L.L.C.)
Lot No. Expiry Date

5LA410 03/31/2007
6BA565 03/31/2008
6KA031 10/31/2008
5LA411 03/31/2007
6BA566 03/31/2008
6KA032 10/31/2008
5LA412 03/31/2007
6CA593 03/31/2008
6KA033 10/31/2008
5LA413 03/31/2007
6CA594 03/31/2008
6KA034 10/31/2008
5LA414 03/31/2007
6CA595 04/30/2008
6KA035 10/31/2008
5LA415 03/31/2007
6CA596 04/30/2008
6KA036 10/31/2008
5LA416 03/31/2007
6CA597 04/30/2008
6KA990 09/30/2008
5LA417 03/31/2007
6DA622 04/30/2008
6KA991 09/30/2008
5LA418 03/31/2007
6DA623 05/31/2008
6LA109 10/31/2008
5NA469 03/31/2007
6DA624 05/31/2008
6LA110 10/31/2008
5NA470 03/31/2007
6DA625 05/31/2008
6LA111 10/31/2008
5NA471 03/31/2007
6DA626 06/30/2008
6LA112 11/30/2008
6AA494 01/31/2008
6GA725 07/31/2008
6LA113 11/30/2008
6AA495 01/31/2008
6GA726 07/31/2008
6LA114 11/30/2008
6AA496 01/31/2008
6GA727 07/31/2008
6LA128 11/30/2008
6AA497 01/31/2008
6GA728 07/31/2008
6LA130 11/30/2008
6AA505 01/31/2008
6GA729 07/31/2008
6MA173 11/30/2008
6AA506 01/31/2008
6HA839 07/31/2008
6HA840 07/31/2008
6MA175 11/30/2008
6AA508 01/31/2008
6HA841 08/31/2008
6MA176 11/30/2008
6AA509 01/31/2008
6HA842 08/31/2008
6MA194 11/30/2008
6AA516 01/31/2008
6HA843 08/31/2008
6MA231 11/30/2008
6AA517 01/31/2008
6HA844 08/31/2008
6MA232 11/30/2008
6AA518 02/29/2008
6HA845 08/31/2008
6MA233 12/31/2008
6AA519 02/29/2008
6HA847 08/31/2008
6MA234 12/31/2008
6AA520 02/29/2008
6HA848 08/31/2008
6MA235 12/31/2008
6AA521 02/29/2008
6HA849 08/31/2008
6MA236 12/31/2008
6AA532 02/29/2008
6HA850 08/31/2008
6MA238 12/31/2008
6AA533 02/29/2008
6HA867 09/30/2008
6MA239 12/31/2008
6AA534 02/29/2008
6HA870 09/30/2008
6MA240 12/31/2008
6AA535 02/29/2008
6HA871 09/30/2008
6MA241 12/31/2008
6AA536 02/29/2008
6HA872 09/30/2008
6MA242 01/31/2009
6BA561 03/31/2008
6HA875 09/30/2008
6MA246 01/31/2009
6BA562 03/31/2008
6KA028 09/30/2008
6MA247 01/31/2009
6BA563 02/29/2008
6KA029 10/31/2008
6BA564 03/31/2008
6KA030 10/31/2008



GRIFULVIN V® brand (griseofulvin oral suspension) microsize Suspension 125mg/5ml
Lot No. Expiry Date

5CA136 03/31/2007
5CA138 03/31/2007
5CA139 03/31/2007
5CA143 03/31/2007
5CA144 03/31/2007
5CA145 03/31/2007
5CA146 03/31/2007
5CA147 03/31/2007
5CA148 03/31/2007
5CA149 03/31/2007
5CA150 03/31/2007
5CA151 03/31/2007
5CA164 03/31/2007
5CA165 04/30/2007
6CA616 03/31/2008
6DA636 04/30/2008
6DA637 04/30/2008
6DA638 04/30/2008
6DA640 04/30/2008
6DA646 04/30/2008
6DA647 04/30/2008
6DA648 04/30/2008
6DA649 04/30/2008
6DA657 04/30/2008
6EA670 05/31/2008
6GA731 07/31/2008
6HA846 07/31/2008
6HA851 08/31/2008
6HA868 07/31/2008
6HA873 09/30/2008
6HA874 08/31/2008
6JA936 09/30/2008
6JA937 09/30/2008
6KA987 09/30/2008
6KA988 09/30/2008
6KA989 09/30/2008
6MA193 11/30/2008

Inhibitex Signs Definitive Agreement to Acquire FermaVir Pharmaceuticals

Inhibitex, Inc. (NASDAQ: INHX) announced today that it has entered into a definitive merger agreement with FermaVir Pharmaceuticals, Inc. (OTCBB: FMVR). FermaVir's development-stage antiviral pipeline includes FV-100, a highly potent nucleoside analogue for the treatment of herpes zoster infections ("shingles") that is expected to enter Phase I clinical trials in the third quarter of 2007, and a series of preclinical compounds for the treatment of human cytomegalovirus (CMV) disease.

Under the terms of the agreement, each of the 20.8 million outstanding shares of FermaVir common stock will be exchanged for 0.55 shares of Inhibitex common stock. Immediately following the transaction, Inhibitex shareholders are expected to own approximately 73 percent of the combined company. Inhibitex will also assume up to 13.9 million of outstanding FermaVir options and warrants at the same exchange ratio. Completion of the transaction is subject to the approval of Inhibitex and FermaVir shareholders, required regulatory approvals and certain other conditions as set forth in the definitive agreement. The transaction is expected to close by the end of July 2007.

FermaVir's antiviral compounds were discovered in the laboratories of Drs. Erik de Clercq and Jan Balzarini of the Rega Institute for Medical Research, Katholieke Universiteit, Belgium, and Chris McGuigan of Cardiff University, Wales. Drs. de Clercq and Balzarini have co-invented multiple approved antivirals, including tenofovir, one of the most widely-used nucleoside reverse transcriptase inhibitors (NRTI) for the treatment of HIV AIDS.

"The acquisition of FermaVir brings us two very exciting antiviral development programs and world-class antiviral drug discovery expertise that builds on our extensive anti-infective drug development capabilities," stated Russell H. Plumb, president and chief executive officer of Inhibitex. "This transaction also represents an important step in our strategic shift to focus our resources on the development of high-value antiviral compounds. Consistent with this strategy, we are actively engaged in ongoing discussions to obtain additional development programs that will complement our emerging antiviral pipeline."

Published in vitro studies demonstrate that FV-100, a prodrug of CF-1743, is the most potent antiviral compound developed to date for the treatment of shingles. Further, based on its exceptional ability to rapidly enter cells and quickly inhibit viral replication, FV-100 has the potential to further reduce all shingles-related symptoms, including the incidence and the severity of acute pain and post-herpetic neuralgia (PHN), a painful condition caused by damage to the nervous system. Preclinical data also suggest that FV-100 may have a favorable dosing and safety profile as compared to other currently-available antiviral therapeutics used to treat shingles.

The FermaVir CMV antiviral program includes nucleoside analogues, as well as series of non-nucleoside analogues, which appear to have a unique mechanism of action and have been shown, in vitro, to possess potent antiviral activity and a favorable cellular toxicity profile. Inhibitex anticipates that a lead clinical candidate will be nominated from this program by the end of 2007.

"Based on their encouraging profiles, we believe FV-100 and FermaVir's CMV compounds represent potential antiviral therapeutics where there is an attractive opportunity to address unmet medical needs," stated Mr. Plumb. "There are over 2.5 million cases of shingles each year and approximately 20 percent of these patients experience debilitating long-term pain. With respect to CMV, current antiviral therapy is limited due to safety and toxicity concerns, such that many immunocompromised patients, who are highly susceptible to these infections, cannot fully benefit from existing therapies."

In connection with this transaction, Geoffrey Henson, Ph.D., chief executive officer of FermaVir, will join Inhibitex as vice president of drug development. Gabrielle Cerrone, director and chairman of FermaVir, and Chris McGuigan, Ph.D., also a current director of FermaVir, are expected to become members of the Inhibitex Board of Directors on closing of the transaction. In addition, Richard J. Whitley, M.D. and Erik De Clercq, M.D., Ph.D., current directors of FermaVir, are expected to join the Inhibitex Scientific Advisory Board upon the completion of the transaction.

"We are delighted to unite forces with the Inhibitex team to advance our pipeline of promising antiviral compounds," stated Geoffrey Henson, Ph.D., chief executive officer of FermaVir. "We believe that Inhibitex's anti-infective development capabilities and experience, along with its operating infrastructure and resources, can enhance and accelerate the development of FV-100 and our CMV program."

Lazard is acting as exclusive financial advisor to Inhibitex; Dechert LLP is acting as legal counsel to Inhibitex in this transaction.

Conference Call Information

Russell H. Plumb, president and chief executive officer, and other members of Inhibitex's senior management team will discuss the transaction in a conference call today at 9:00 a.m. Eastern Time. To access the conference call, please dial 800-638-5439 (domestic) or 617-614-3945 (international) five minutes prior to the start time, and provide the access code 91534160. A replay of the call will be available from 11:00 a.m. Eastern Time on April 10, 2007 until 11:59 p.m. Eastern Time on May 10, 2007. To access the replay, please dial 888-286-8010 (domestic) or 617-801-6888 (international), and provide the access code 84226452. A live audio webcast of the call can also be accessed from the Investors section of the Company's website, at http://www.inhibitex.com. An archived webcast of the call will be made available on the Inhibitex website approximately two hours after the event for a period of thirty (30) days.

Herpes Zoster Overview

Herpes zoster, also known as "shingles," results from the reactivation of varicella zoster virus (VZV), the same virus that causes chickenpox, and is usually manifested in an often-painful outbreak of rash or blisters on the skin. Individuals who are immunocompromised are more likely to develop shingles. There are an estimated 2.5 million cases of shingles in the United States, Europe and Japan each year, and approximately 20 percent of these patients will subsequently develop post-herpetic neuralgia (PHN). PHN is a result of nerve damage caused by shingles and can result in long-term debilitating pain. In addition to advanced age, other factors that increase the likelihood of PHN include the severity of rash and the associated acute pain.

CMV Overview

Cytomegalovirus, or CMV, is a member of the herpes virus group, which includes the viruses that cause chicken pox, mononucleosis and herpes simplexes 1 and 2. Like other herpes viruses, CMV has the ability to remain dormant in the human body for extended periods of time. By the age of 40, it is estimated that between 50 percent and 85 percent of adults in the U.S. will carry CMV. In most individuals CMV causes little to no apparent illness. However, in immunocompromised individuals, such as HIV patients, those undergoing chemotherapy, or the more than 70,000 patients that undergo stem cell or solid organ transplant procedures worldwide each year, CMV is highly prevalent and can lead to severe conditions such as pneumonitis or hepatitis, or to complications such as acute or chronic rejection of a transplanted organ, and even death.

About Inhibitex

Inhibitex, Inc., headquartered in Alpharetta, Georgia, is a biopharmaceutical company focused on the development of products that can treat, prevent or diagnose serious infections. In addition to its strategy of building a pipeline of antiviral products through in-licensing or acquisition, the Company has several collaborations based upon its proprietary MSCRAMM(R) protein platform, including those with Wyeth for the development of staphylococcal vaccines, with 3M for the development of diagnostics products, and with Dyax for the development of monoclonal antibodies for the treatment of enterococcal infections. For additional information about the Company, please visit www.inhibitex.com

Monday, April 9, 2007

Sirion Therapeutics Completes $45 Million Series B Financing

Sirion Therapeutics, Inc., an ophthalmic-focused biopharmaceutical company, announced today that it has raised $45 million in a Series B private equity financing led by Aisling Capital. In addition to Aisling, the financing included new investors Investor Growth Capital, Atlas Venture, Advent International and Bear Sterns Healthcare Value Partners. Previous Series A investor NovaQuest also participated in the Series B round.

Andrew Schiff, MD, Managing Director of Aisling Capital commented, "Sirion's experienced management team has put together an impressive portfolio of products. We are pleased with the company's progress to date. It is extraordinary to have achieved so much in such a short period of time and we appreciate the opportunity to support them at a crucial time in the company's development."

Curt LaBelle, MD, Vice President of Investor Growth Capital, Inc. added "IGC is pleased to make this investment in Sirion. We think ophthalmology is an exciting area and the management team at Sirion has the experience to continue building an excellent ophthalmic company."

Barry Butler, President and CEO of Sirion Therapeutics, said that the proceeds from this raise will be used to advance the company's pipeline of products. "We are obviously delighted to be partnered with such high caliber investors and appreciate their confidence in our technology, management team and strategic direction. This investment will allow us to reach critical milestones in several of our development programs."

Sirion currently has four products in various stages of development:

ST-601. ST-601 is a potent ophthalmic steroid emulsion for the treatment of steroid responsive inflammatory diseases. A Phase III program was initiated in January 2007.

ST-602. ST 602 is a product aimed at reducing the accumulation of lipofuscin in the eye by inhibiting the formation of serum retinol. It is theorized that the accumulation of lipofuscin in the eye is responsible for vision loss in such diseases as dry age-related macular degeneration, geographic atrophy and Stargardt's disease. A Phase II trial commenced in December 2006.

ST-603. ST-603 is a topical preparation of cyclosporine A in the patented Sophisen ophthalmic delivery system. A clinical program commenced in Q1 2007.

ST-605. ST-605 is a topical ophthalmic gel containing ganciclovir for the treatment of certain viral and superficial eye infections. The product is currently marketed by Laboratoires Thia in Europe under the brand name of Virgan®.

About Sirion Therapeutics, Inc. Sirion Therapeutics is a Tampa, FL based biopharmaceutical company, with additional offices in La Jolla, California, dedicated to the development and commercialization of innovative ophthalmic products. For more information regarding Sirion, please visit Sirion's website at http://www.siriontherapeutics.com

Benda Acquires Majority Ownership of Shenzhen SiBiono GeneTech Co., Ltd.


Benda Pharmaceutical, Inc. ("Benda" or the "Company") (OTCBB: BPMA) , a China-based pharmaceutical company engaged in the identification, discovery, development, and manufacturing of conventional medicines, active pharmaceutical ingredients and pharmaceutical intermediaries (or bulk chemicals), and Traditional Chinese Medicines, announced today that, through its 95% owned China-based subsidiary, Hubei Tongji Benda Ebei Pharmaceutical Co., Ltd. ("Benda Ebei"), it has acquired 57.57% of Shenzhen SiBiono GeneTech Co., Ltd. ("SiBiono"), maker of Gendicine? cancer treatment, the world's first approved and commercialized gene therapy product.

Shenzhen SiBiono GeneTech Co., Ltd.

Founded in 1998 in Shenzhen, China, SiBiono is dedicated to the research, development, manufacturing and commercialization of innovative gene therapy products. As a worldwide pioneer in gene therapy, SiBiono is at the forefront of cancer treatment.

On October 16, 2003, SiBiono successfully obtained a "New Drug License" from the State Food and Drug Administration of China ("SFDA"). In January 2004, Gendicine? received conditional production approval from the SFDA. In April 2004, SiBiono obtained a "Certificate of GMP for Pharmaceutical Product" for its Gendicine? production facilities, making it fully qualified to launch to the market Recombinant Human Ad-p53 Injection, trademarked as Gendicine? worldwide. Gendicine? is the world's first commercialized gene therapy product approved by a government agency. Gendicine? has been recognized by the global media as a major breakthrough and milestone in the field of gene research and biotechnology and is expected to make an important contribution to the international pursuit for improved quality of human life and health. Additional information about SiBiono is available on its Web site: www.SiBiono.com/en/

The Transaction

On April 5, 2007, Benda, through its 95% owned China-based subsidiary Benda Ebei, entered into an agreement with the two controlling shareholders of Shenzhen SiBiono GeneTech Co., Ltd. to purchase a total of approximately 57.57% of the of the shares of SiBiono's common stock for total cash consideration of RMB 60.0 million (approximately $7.7 million).

In addition, Benda issued 2,100,000 shares of restricted common stock as consideration for services rendered under a financial consultancy agreement (the "Consulting Agreement"). Under terms of the Consulting Agreement, in the event that (a) Benda's stock does not reach $3.60 per share, and (b) the Company is not listed on either the NASDAQ Capital Market or the American Stock Exchange within three months from the last date of a twelve-month restriction period following the issuance of such shares per the Consulting Agreement, then the consulting firm has the right to cause Benda to redeem 1,960,000 (out of a total of 2.1 million issued) Benda shares for cash consideration of $7,056,000.

"The acquisition of a majority ownership of SiBiono is a watershed event for Benda, significantly increases the breadth of our product lines and establishes Benda as a worldwide leader in the field of gene therapy products," said Mr. Yiqing Wan, CEO and Chairman of Benda.

The Private Placement

Simultaneous with the acquisition of the majority of the shares in SiBiono, on April 5, 2007 Benda completed a $7.4 million private placement to certain institutional and accredited investors who had also participated in the Company's previous $12.0 million private offering, which closed on November 15, 2006. This most recent offering consisted of Units priced at $0.555 per share, with each Unit comprised of (a) one two-year convertible promissory note with a 4% coupon, which is convertible into 54,087 shares of Benda common stock; and (b) one five-year warrant with an exercise price of $0.555 per share, which can be exercised into shares of Benda's common stock beginning in two years. Keating Securities, LLC acted as placement agent to Benda in the private placement.

Benda's Capital Structure

Prior to the offering, Benda had 96,964,606 shares of common stock issued and outstanding and a total of 125,522,542 shares of common stock issued and outstanding on a fully diluted basis. Following the offering, Benda now has 112,424,095 shares of common stock issued and outstanding and a total of 154,341,520 shares of common stock issued and outstanding on a fully diluted basis.

The shares sold were not registered under the Securities Act of 1933, as amended (the "Securities Act"), and were sold in reliance upon exemptions from the registration requirements of the Securities Act pursuant to Regulations D promulgated under the Securities Act. Unless the shares are registered, they may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale of any security.

About Benda Pharmaceutical, Inc.

Benda Pharmaceutical, Inc. (www.bendapharma.com) is engaged in the business of identifying, discovering, developing, and manufacturing conventional medicines, active pharmaceutical ingredients, bulk chemicals (or pharmaceutical intermediates), and Traditional Chinese Medicines ("TCMs") for the treatment of some of the most widespread common ailments and diseases (e.g. common cold, diabetes, and cancer).

University of Pittsburgh Medical Center Boosts Efficiency and Cost Savings With IBM Virtualization Technology

IBM (NYSE: IBM) and the University of Pittsburgh Medical Center (UPMC) today announced that the medical center's deployment of IBM virtualization technologies is saving significant IT infrastructure costs and improving productivity, while maintaining high service levels. Virtualization allows customers to increase efficiency by dividing a server into smaller parts or by pooling smaller, individual machines so they can perform as one larger system.

UPMC, a $6 billion integrated health care enterprise, is the largest employer in western Pennsylvania and one of the most renowned academic medical centers in the United States. With 43,000 employees, it comprises 19 hospitals, a network of other care sites, an insurance division, and international and commercial ventures. The IBM virtualization effort is enabling UPMC to accelerate the implementation of its electronic health record system across its extensive network while developing more powerful clinical tools to enhance patient care.

UPMC is a national leader in implementing electronic medical records. The large amount of information generated by these systems requires a powerful, flexible IT infrastructure and an enterprise-wide approach to effectively manage storage, computers, memory, network bandwidth and disk input/output. As a result, UPMC is in the process of replacing HP and Sun Microsystems technology with IBM to create an on-demand data center. UPMC's new data center includes IBM servers, storage and software that feature industry-leading virtualization technology to consolidate and simplify the management of its IT infrastructure.

"Virtualization isn't an option, it's a necessity," said Paul Sikora, vice president of IT Transformation at UPMC. "Considering that IBM and UPMC are only midway through this transformation project, the results have been impressive. We have already proven that standardization, along with aggressive implementation of virtualization, yields unprecedented productivity and efficiency."

In the last five months, UPMC has begun to use the virtualization capabilities built into IBM's AIX operating system. As a result, the same staff is supporting 150 percent more server capacity, while the amount of space required for the servers has been reduced by almost 40 percent. This was made possible by standardizing on IBM hardware and operating system and fully utilizing IBM's and VMware's virtualization technology.

In the first of a four-phase benchmarking study commissioned by UPMC, Health Industry Insights, an IDC company, estimated that savings already identified in the IT transformation project will conservatively range from $18 million to $22 million over the next three years. That includes costs avoided for new hardware, maintenance, floor space and staffing.

"As the enabling technologies mature, server virtualization is rapidly moving from leading edge to mainstream in many industries. But in health care, there are still very few cases of successful early adoption on the scale of UPMC's effort," said Marc Holland, Health Industry Insights program director of provider IT research. "We believe that there are significant economic benefits to be achieved from virtualization, and this landmark effort is one that other provider organizations should closely monitor."

"Companies are continuously evolving, and we are constantly striving to provide our customers with the most innovative technology to meet business needs," said Rich Lechner, vice president, virtualization at IBM. "UPMC is a prime example, leveraging IBM's virtualization technology to deliver innovation that matters to quickly adapt to a changing market, provide high availability for every application and save administration time. UPMC's experience is a testament to the business benefits that can be achieved through the implementation of a virtualized, dynamic infrastructure."

UPMC is using IBM virtualized servers and storage, as well as IBM management tools to help simplify the management of the total infrastructure. The most recent virtualization deployment is on UPMC's UNIX systems. The UNIX applications were migrated to AIX and standardized on four IBM System p5 595 servers. To accommodate the new application for outpatient electronic health records and stay within budget constraints, UPMC used IBM's Advanced POWER Virtualization (APV) for the majority of its System p5 servers to more effectively utilize the available processors. APV allows micro-partitioning to share adjustable fractions of a CPU across partitions, as well as a dynamic load distribution across the CPUs and memory.

For its Intel-based servers, UPMC will deploy VMware's Virtual Infrastructure 3 to consolidate more than a thousand physical servers to just 20 IBM System x servers. By leveraging virtualization technology, UPMC will consolidate more than 50 virtual servers on each physical Intel-based server. The end result will be significantly improved manageability and system uptime for application users. In 18 months, when this transformation is complete, the utilization rates of the servers are expected to increase from the current average of 3 percent per server to nearly 80 percent. The consolidation effort is also designed to reduce costs while enabling better service to the end users of Linux and Windows applications.

Already, UPMC has consolidated its storage infrastructure into three enterprise-wide storage pools through the use of IBM's storage virtualization solution, SAN Volume Controller (SVC). SVC has significantly increased utilization, flexibility and management.

To help simplify management of virtualized servers across the system, UPMC has chosen IBM's Systems Director Family of products. UPMC is one of the leading organizations that is integrating its physical and virtual platform management -- server, storage and network management -- and then deploying a unified enterprise software layer on top with IBM Service Management offerings from Tivoli.

For more information about IBM, visit http://www.ibm.com

For more information on UPMC, visit http://www.upmc.com

Tuesday, April 3, 2007

Once daily, extended-release ropinirole improves Parkinson's symptoms in patients not optimally controlled with levodopa

Adding the once daily, investigational medication REQUIP® (ropinirole HCl) XL 24-Hour™ Extended-Release Tablets to Parkinson’s patients’ existing levodopa (L-dopa) therapy significantly reduced ‘off’ time, allowing patients to continue their daily activities for a longer period of time. ‘Off time’ describes the return of Parkinson’s symptoms as a patient’s medication wears off. The Ropinirole 24-Hour Prolonged Release Randomized, Controlled Study in Advanced Parkinson Disease (EASE-PD Adjunct Study) results, published in the April 3 issue of Neurology, show that adjunct treatment with REQUIP XL 24-Hour significantly reduced ‘off’ time by an average of more than two hours per day when compared to baseline prior to treatment.


“‘Off’ time is a common phenomenon for Parkinson’s patients. When symptoms like slowness of movement, tremor and rigidity return due to wearing off of the patient’s medication, it can be problematic, causing difficulty with simple activities and movement in patients with Parkinson’s disease,” said Rajesh Pahwa, M.D., Professor of Neurology, Director, Parkinson Disease and Movement Disorder Center, University of Kansas Medical Center, Kansas City, Kan., and lead investigator of the EASE-PD Adjunct study. “These study results are significant, and show that with the investigational REQUIP XL 24-Hour added to L-dopa, patients can have more than two additional hours per day, on average, without experiencing the disabling symptom of ‘off ’ time.”


REQUIP® (ropinirole HCl) Tablets, the immediate-release (IR) formulation, is dosed three times daily. REQUIP XL 24-Hour has been designed to be given once daily and to have a simpler and faster titration schedule. In addition, it has been designed to provide a steady rate of absorption in the body to help reduce blood plasma fluctuations over 24 hours. In the EASE-PD Adjunct Study, REQUIP XL 24-Hour has been shown to be effective in treating both motor and non-motor symptoms of Parkinson’s disease as an addition to L-dopa. GlaxoSmithKline sponsored this study as part of the clinical development program for the investigational 24-hour extended-release tablet dosage formulation of REQUIP. REQUIP XL 24-Hour is the proposed brand name for a once-a-day formulation of ropinirole for treating Parkinson’s disease using SkyePharma Plc’s (Nasdaq: SKYE; LSE: SKP) proprietary GeoMatrix technology.

About the Study

The EASE-PD Adjunct study was a multi-center, double-blind, placebo-controlled study, conducted in patients with idiopathic Parkinson’s disease not adequately controlled with L-dopa. Subjects were randomized (1:1) to receive REQUIP XL 24-Hour (n=202) or placebo (n=191) in addition to L-dopa, once daily for 24 weeks. The primary endpoint was mean change from baseline in awake time spent ‘off’ (measured via patient diaries). REQUIP XL 24-Hour decreased patients’ awake time spent ‘off’ by an average of 2.1 hours per day, while placebo decreased awake time spent ‘off’ by 0.3 hours per day.


The study also included a wide variety of motor and non-motor secondary endpoints, including ‘on’ time which refers to the time during which medication is working and providing benefit, and ‘on’ time without troublesome dyskinesia which refers to ‘on’ time without involuntary movements interfering with function or causing discomfort, a common problem in Parkinson’s disease. REQUIP XL 24-Hour significantly increased both ‘on’ time and ‘on’ time without troublesome dyskinesia by 1.6 hours per day (a greater than 12 percent increase) and reduced the percentage of ‘off’ time by more than 12 percent compared to baseline. REQUIP XL 24-Hour also improved sleep problems associated with Parkinson’s disease, as measured by the Parkinson’s Disease Sleep Scale total score.


There were other motor and non-motor secondary endpoints in the study publication that were statistically significant. However, there were no significant differences between REQUIP XL 24-Hour compared to placebo in PDQ-39 subscales of social support, cognition or bodily discomfort. Additionally, there was no significant difference between REQUIP XL 24-Hour and placebo on the Epworth Sleepiness Scale total score signifying no increase in daytime sleepiness.


In the EASE-PD Adjunct study, once daily use of REQUIP XL 24-Hour was generally well tolerated. The withdrawal rate due to adverse events was low and similar between the two groups (REQUIP XL 24-Hour 5 percent versus placebo 5 percent). The most common adverse events reported in patients taking REQUIP XL 24-Hour (n=202) versus placebo (n=191) were dyskinesia (13 percent versus 3 percent), nausea (11 percent versus 4 percent), dizziness (8 percent versus 3 percent), somnolence (7 percent versus 4 percent), hallucinations (6 percent versus 1 percent), and orthostatic hypotension (5 percent versus 2 percent).

A Progressively Disabling Disease

Parkinson’s disease is a chronic, progressive and debilitating neurological condition that impairs the body’s ability to move and balance. Researchers have determined that Parkinson’s disease involves pathways in the brain responsible for motor control that are functioning improperly. Patients with Parkinson’s disease experience a reduction in dopamine, a key chemical in the brain that communicates messages about movement, resulting in the symptoms of Parkinson’s disease. These symptoms may include bradykinesia (slower-than-normal voluntary movements), rigidity (stiffness), tremor (involuntary shaking) and postural instability (trouble with balance).


More than one million people in the United Stateshave Parkinson’s disease, and it is estimated that nearly 60,000 new cases are diagnosed in the U.S.each year. Most people develop Parkinson’s disease between the ages of 40 and 70, but the disease can also develop at an earlier age.

About REQUIP Tablets (Immediate-Release Formulation)
The currently marketed REQUIP Tablets, a non-ergot dopamine agonist, has an indication in the U.S.for the treatment of the signs and symptoms of idiopathic Parkinson’s disease and is administered three times a day.


Prescription REQUIP is not for everyone. REQUIPTablets may cause patients to fall asleep or feel very sleepy during normal activities such as driving; or to faint or feel dizzy, nauseated, or sweaty when they stand up. Patients should tell their doctor if they experience these problems or if they drink alcohol or are taking other medicines that make them drowsy. Patients should also tell their doctor if they or their family notices that they develop any unusual impulses or behaviors, such as pathological gambling or hypersexuality. Hallucinations may occur at anytime during treatment. REQUIP may potentiate the side effects of L-dopa. Side effects include nausea, dizziness, drowsiness or sleepiness, headache, and dyskinesia (uncontrolled movements). Most patients were not bothered enough to stop taking REQUIP. This is not a complete list of side effects and should not take the place of discussions with patients’ healthcare providers. Their doctor or pharmacist can give patients a more complete list of side effects. Patients should talk to their doctor about any side effects they may have.


About SkyePharma PLC

SkyePharma develops pharmaceutical products benefiting from world-leading drug delivery technologies. The Company has nine approved products in the areas of oral, inhalation and topical delivery that are marketed throughout the world by leading pharmaceutical companies. For more information, visit www.skyepharma.com


About GlaxoSmithKline

GlaxoSmithKline, with U.S.operations in Philadelphia and Research Triangle Park, N.C., is one of the world's leading research-based pharmaceutical and health care companies.

Monday, April 2, 2007

SEC Charges Tenet Healthcare Corporation,Four Former Senior Executives With Concealing Scheme to Meet Earnings Targets by Exploiting Medicare System

The Securities and Exchange Commission today filed civil fraud charges in federal district court against Tenet Healthcare Corporation and its former chief financial officer and co-president, its former chief operating officer and co-president, its former general counsel and chief compliance officer, and its former chief accounting officer for failing to disclose to investors that Tenet's strong earnings growth from 1999 to 2002 was driven largely by its exploitation of a loophole in the Medicare reimbursement system. Once Tenet finally revealed its scheme to the investing public and admitted that its strategy was not sustainable, the market value of Tenet's stock plunged by over $11 billion.

During the relevant time, Tenet was based in Santa Barbara, Calif., and was the second largest publicly traded healthcare company in the United States.

To settle the charges, Tenet agreed to pay a civil penalty of $10 million. The SEC will seek to have these funds placed into a Fair Fund for distribution to harmed investors pursuant to the Sarbanes-Oxley Act. Without admitting or denying the allegations in the SEC's complaint, Tenet also agreed to be permanently enjoined from violating the antifraud, reporting, and recordkeeping provisions of the federal securities laws.

In addition to Tenet, the SEC's complaint names Thomas B. Mackey, age 58, of Keswick, Va., Tenet's former chief operating officer and co-president; Christi R. Sulzbach, age 52, of Santa Barbara, Calif., the former general counsel and chief compliance officer; David L. Dennis, age 58, of Los Angeles, the former chief financial officer and co-president; and Raymond L. Mathiasen, age 63, of Los Angeles, the former chief accounting officer. Dennis and Mathiasen have agreed to settle the Commission's charges.

Linda Chatman Thomsen, Director of the SEC's Enforcement Division, said, "Companies must explain their financial performance in a manner that enables investors to see the company as management does. Today's action shows our commitment to holding companies and their executives accountable when they fail to communicate with investors in a clear and straightforward manner or fail to provide them with honest information."

Randall R. Lee, Director of the SEC's Los Angeles Regional Office, said, "By exploiting a loophole in Medicare regulations, Tenet embarked on an unsustainable strategy to turbocharge its earnings. Yet even as Tenet's strategy produced nearly half of its earnings per share, Tenet's management kept investors in the dark about the central business strategy underlying its earnings growth."

The Commission's complaint alleges that between 1999 and 2002, Tenet engaged in an unsustainable strategy to reach its earnings targets by deliberately exploiting the Medicare reimbursement system. Tenet's scheme involved a loophole in the Medicare reimbursement system related to "outlier payments," which are designed to compensate hospitals for caring for extraordinarily sick Medicare patients. Tenet's management realized that Tenet could inflate its revenue from outlier payments by simply increasing the gross charges set by its hospitals. From 1999 to 2002, Tenet's outlier revenue more than tripled and Tenet's earnings goals were surpassed year after year. Tenet's outlier growth from fiscal 1999 to fiscal 2002 accounted for over 54% of its cumulative growth in earnings per share from operations. Similarly, by fiscal 2002, Tenet's outlier revenue comprised over 40% of its earnings per share.

The complaint alleges that Tenet, acting through Dennis, Mathiasen, Mackey, and Sulzbach, misled the investing public by failing to disclose Tenet's strategy, its impact on revenues and earnings, and its unsustainability in the portion of its public filings with the Commission known as "Management's Discussion and Analysis of Financial Condition and Results of Operations," commonly referred to as MD&A.

In part as a result of its outlier scheme, Tenet received enough income to set aside funds in improper general reserves. Tenet, with Mathiasen's approval, created general reserves totaling approximately $107 million by the end of Tenet's 2002 fiscal year. These inappropriate reserves resulted in material misstatements to Tenet's financial statements for fiscal years 2000 through 2004.

Mathiasen and Dennis each agreed to settle the Commission's charges without admitting or denying the allegations. Mathiasen agreed to be permanently enjoined from violating the antifraud, reporting, and recordkeeping provisions of the federal securities laws, to pay a civil penalty of $240,000, and to be barred from serving as an officer or director of a public company for five years. A certified public accountant, Mathiasen also agreed to be permanently denied the privilege of appearing or practicing before the Commission as an accountant under Rule 102(e) of the Commission's rules of practice.

Dennis agreed to be permanently enjoined from future violations of the antifraud and reporting provisions of the federal securities laws and to pay a $150,000 civil penalty. The penalties paid by Mathiasen and Dennis personally will also be added to the Fair Fund for investors along with Tenet's payment.

The Commission's complaint charges Mackey and Sulzbach with violations of the antifraud and reporting provisions of the federal securities laws. The complaint seeks permanent injunctions against future violations of these provisions, orders barring each of them from serving as an officer or director of a public company, disgorgement of ill-gotten gains, with prejudgment interest, and civil penalties.

On March 30, 2006, the Commission charged three of Tenet's outside auditors with improperly changing audit work papers in connection with the audit completed during the period of the defendants' scheme. See http://sec.gov/news/press/2006-45.htm

FDA approves accelerated dosing schedule for GlaxoSmithKline's Twinrix

GlaxoSmithKline [NYSE:GSK] announced today that the U.S. Food and Drug Administration (FDA) has approved Twinrix® [Hepatitis A Vaccine (Inactivated) and Hepatitis B (Recombinant) Vaccine], for an accelerated dosing schedule that consists of three doses given within three weeks followed by a booster dose at 12 months. The approval means Twinrix, the only hepatitis A and hepatitis B combination vaccine available in the United States, is now available on a dosing schedule at 0, 7, 21-30 days, followed by a booster dose at 12 months. The vaccine was first approved for adults over age 18 years by the FDA in May 2001 on a 0, 1, 6-month dosing schedule.


“Hepatitis A and hepatitis B are serious liver diseases which can be prevented through vaccination,” stated travel medicine specialist Bradley A. Connor, M.D., Past President, International Society of Travel Medicine and a principal study investigator. “Twinrix’s new accelerated dosing schedule offers an option that could benefit individuals such as those preparing to travel internationally to high-risk areas. It may also benefit emergency first care responders, especially those deploying to disaster areas overseas, as well as others at risk for hepatitis, such as people with sexually transmitted diseases and those who are HIV positive.”


Many regions throughout the world are endemic for hepatitis A and hepatitis B, such as Africa, Asia, South Americaand parts of the Caribbean. Worldwide, approximately 1.5 million cases of hepatitis A are reported annually. In addition, hepatitis B has infected 2 billion people — one-third of the world’s population. Millions of Americans travel each year to countries where hepatitis A and hepatitis B are endemic. An overwhelming majority of these international travelers are not vaccinated before the trip. Therefore, international travelers may be at risk for contracting both hepatitis A and hepatitis B. They should consult their health care provider prior to traveling abroad.


The FDA approved the new dosing schedule after reviewing the safety and immune response of Twinrix given to 250 healthy adults (aged ≥18 years) at 0-, 7-, and 21- to 30-day schedule, followed by a booster dose at 12 months, compared to separate vaccinations with monovalent hepatitis A vaccine (HAVRIX at 0 and 12 months) and hepatitis B vaccine (ENGERIX-B at 0, 1, 2, and 12 months) given to 246 healthy adults as a control group. The study demonstrated that the individuals who completed the series of Twinrix on the accelerated dosing schedule had an immune response comparable to those individuals who received complete vaccination with separately administered hepatitis A and hepatitis B vaccines.


About Vaccine-Preventable Hepatitis (VPH)

Vaccine-Preventable Hepatitis includes hepatitis A and hepatitis B. Hepatitis C is not vaccine preventable. Hepatitis A is a serious liver disease caused by the hepatitis A virus. This virus is found in the stool of persons with hepatitis A and is spread by close personal contact and by eating food or drinking water contaminated with the hepatitis A virus. Hepatitis A can be easily passed between people within the same household. About one in five people with the disease has to be hospitalized. Hepatitis A can be fatal. Symptoms of the disease can include fever, fatigue, loss of appetite, nausea, abdominal discomfort, jaundice (yellow skin and eyes) and dark urine.


Hepatitis B is a serious liver disease caused by the hepatitis B virus. The virus is passed through infected blood or body fluids. Approximately 50 percent of people with hepatitis B do not notice signs or symptoms. Those who do may experience diarrhea and vomiting, nausea, fatigue, loss of appetite, muscle and joint pain, and jaundice. Hepatitis B can cause lifelong infection, cirrhosis (scarring) of the liver, liver cancer, liver failure, and death. An estimated 1.25 million Americans are chronically infected with Hepatitis B. Estimates show that tens of thousands of people (mostly young adults) are infected each year.


About Twinrix®

As with all prescription medications, please talk with your healthcare provider to see if Twinrix is right for you.


In clinical trials with Twinrix, the most common side effects included pain and redness at the injection site, headache, and tiredness. These effects were mild and did not last more than 48 hours. (See Adverse Reactions section of the Prescribing Information for Twinrix for other potential side effects.) As with any vaccine, there is a small risk of allergic reactions. If you notice any problems following vaccination, or if you are allergic to any component of the vaccine such as neomycin, yeast, or latex, please inform your healthcare provider.


For more information on Twinrix visit www.gskvaccines.com


GlaxoSmithKline — A Leader in Vaccines

GlaxoSmithKline — one of the world’s leading research-based pharmaceutical and healthcare companies — is committed to improving the quality of human life by enabling people to do more, feel better and live longer. For company information, visit GlaxoSmithKline at www.gsk.com

FDA Approves JANUMET for Type 2 Diabetes, Offering Powerful Glucose Control of a DPP-4 Inhibitor and Metformin in a Single Tablet

Merck & Co., Inc. announced today that the U.S. Food and Drug Administration (FDA) approved JANUMET™, the first and only tablet combining a dipeptidyl peptidase-4 (DPP-4) inhibitor, sitagliptin (also known as JANUVIA™), and metformin for the treatment of type 2 diabetes.

JANUMET has been approved, as an adjunct to diet and exercise, to improve blood sugar (glucose) control in adult patients with type 2 diabetes who are not adequately controlled on metformin or sitagliptin alone, or in patients already being treated with the combination of sitagliptin and metformin. JANUMET should not be used in patients with type 1 diabetes or for the treatment of diabetic ketoacidosis.

The FDA approved JANUMET based upon clinical data including sitagliptin plus metformin as separate tablets. A clinical bioequivalence study has demonstrated the equivalence between JANUMET and sitagliptin plus metformin as separate tablets.

"JANUMET is the latest advance in Merck's longstanding commitment to developing effective medicines for type 2 diabetes," said Adam Schechter, president, United States Human Health, Merck & Co., Inc. "With JANUMET and JANUVIA, Merck now has a growing family of products that provides physicians with important treatment options for patients with type 2 diabetes."

JANUMET delivers proven efficacy
A 24-week, randomized, double-blind, placebo-controlled study with 701 patients with mildly to moderately elevated A1C levels (mean baseline 8.0 percent) inadequately controlled on metformin, showed that patients taking JANUMET2 (n=453) experienced significant additional mean placebo-subtracted reductions in A1C of 0.7 percent beyond that achieved by patients who continued on metformin alone (n=224) (p<0.001). In the study, more than twice as many patients on JANUMET (213 of 453 patients, or 47 percent) reached the American Diabetes Association's A1C goal of <7 percent compared with patients on metformin alone (41 of 224 patients, or 18 percent) (p<0.001).

JANUMET combines two agents with proven ability to deliver significant improvements in glycemic control: metformin, a commonly used effective glucose-lowering agent, and sitagliptin, a DPP-4 inhibitor that provides significant A1C lowering as monotherapy and as add-on therapy to metformin or thiazolidinediones (TZDs) based on clinical trials. JANUMET, like metformin, is dosed twice daily with meals. Consistent with the labeling for metformin alone, the labeling for JANUMET contains a boxed warning for lactic acidosis, a rare, but serious, metabolic complication that can occur due to metformin accumulation during treatment with JANUMET.

"Physicians use several different medications in combination to address the multiple defects associated with type 2 diabetes, however, less than half of patients achieve and maintain their goal A1C levels," said Nir Barzilai, M.D., professor of Medicine and Molecular Genetics, director of the Institute for Aging Research, Albert Einstein College of Medicine. "JANUMET is an important new treatment option for many patients who need more than one therapy to control their type 2 diabetes because it addresses all three key defects of type 2 diabetes for improved glycemic control."

Patients treated with JANUMET experienced weight loss comparable to metformin alone, with no increased risk of hypoglycemia, edema, or GI disturbances beyond metformin alone
As clinicians select agents to add to the treatment regimens of patients with uncontrolled type 2 diabetes, it is important to consider issues such as weight gain, hypoglycemia, edema, and gastrointestinal disturbances.

In a 24-week study, mean body weight decreased 1.5 lb (n=399) in patients taking JANUMET, similar to patients taking metformin alone (1.3 lb decrease; n=169). There was no increased risk of hypoglycemia in patients treated with JANUMET (1.3 percent vs. metformin alone, 2.1 percent) and no increased risk of edema in patients treated with JANUMET (0.9 percent vs. metformin alone, 1.3 percent). In addition, there was no significant increase in the risk of overall gastrointestinal adverse reactions in patients treated with JANUMET (11.6 percent vs. metformin alone, 9.7 percent). Specific gastrointestinal adverse reactions included diarrhea (JANUMET, 2.4 percent vs. metformin alone, 2.5 percent), abdominal pain (JANUMET, 2.2 percent vs. metformin alone, 3.8 percent), nausea (JANUMET, 1.3 percent vs. metformin alone, 0.8 percent), and vomiting (JANUMET, 1.1 percent vs. metformin alone, 0.8 percent). The most common adverse experience in sitagliptin monotherapy reported regardless of investigator assessment of causality in >5 percent of patients and more commonly than in patients given placebo was nasopharyngitis.

Clinicians should be mindful that hypoglycemia could occur when caloric intake is deficient, when strenuous exercise is not compensated by caloric supplementation, or during concomitant use with other glucose-lowering agents (such as sulfonylureas and insulin) or ethanol. Elderly, debilitated, or malnourished patients and those with adrenal or pituitary insufficiency or alcohol intoxication are particularly susceptible to hypoglycemic effects.

By incorporating the novel mechanism of DPP-4 inhibition, JANUMET uniquely addresses the three key defects of type 2 diabetes
With the two active components, sitagliptin and metformin, JANUMET has a comprehensive mechanism of action that targets all three key defects of type 2 diabetes for improved glycemic control: diminished insulin release, uncontrolled production of glucose, and insulin resistance.

The sitagliptin component in JANUMET address two of the three key defects that cause poor glucose control: diminished insulin release due to beta-cell dysfunction and uncontrolled production of glucose by the liver due to alpha-cell and beta-cell dysfunction. By inhibiting the DPP-4 enzyme, sitagliptin significantly increases the levels of active incretin hormones, increasing the synthesis and release of insulin from the pancreatic beta cells and decreasing the release of glucagon from the pancreatic alpha cells.

JANUMET also contains metformin, which addresses the other key defect: insulin resistance. Metformin improves insulin sensitivity by increasing uptake and utilization of glucose by the muscles and tissues of the body. Metformin also decreases hepatic glucose production in a manner that is complementary to sitagliptin.

JANUMET provides powerful A1C lowering through combined reductions of both post-prandial glucose and fasting plasma glucose
JANUMET has been demonstrated to provide 24-hour glucose response - at mealtimes, between meals and overnight. In a 24-week, placebo-controlled study of patients with inadequate glycemic control on metformin alone, JANUMET significantly reduced post prandial, or post-meal, glucose (PPG) levels beyond metformin alone by a mean of 51 mg/dL in patients with a mean baseline 2-hour PPG of 275 mg/dL (n=387, p<0.001) and fasting plasma glucose levels (FPG) beyond metformin alone by a mean of 25 mg/dL in patients with a mean baseline FPG of 170 mg/dL (n=454, p<0.001).

Indications and contraindications for JANUMET
JANUMET is indicated, as an adjunct to diet and exercise, to improve glycemic control in adult patients with type 2 diabetes who are not adequately controlled on metformin or sitagliptin alone or in patients already being treated with the combination of sitagliptin and metformin. Consistent with the labeling for metformin alone, JANUMET is contraindicated in patients with renal disease, renal dysfunction, or abnormal creatinine clearance; and acute or chronic metabolic acidosis, including diabetic ketoacidosis. JANUMET should not be used in patients with type 1 diabetes.

Flexible dosing of JANUMET
JANUMET should be given twice daily with meals, with gradual dose escalation as needed to reduce the gastrointestinal (GI) side effects due to metformin. In this formulation, the dose of sitagliptin remains constant (100 mg daily) and is combined with the two most widely prescribed doses of metformin (1000 mg daily or 2000 mg daily). The recommended starting dose of JANUMET for patients not on prior metformin therapy and for those not adequately controlled on sitagliptin is 50 mg sitagliptin and 500 mg metformin twice-daily with meals. For patients already receiving metformin therapy, the starting dose should be based on the patient's current metformin regimen. The total daily dose should not exceed 100 mg sitagliptin and 2000 mg metformin.

Metformin and sitagliptin are known to be substantially excreted by the kidney. The risk of metformin accumulation and lactic acidosis increases with the degree of impairment of renal function. Thus, patients with serum creatinine levels above the upper limit of normal for their age should not receive JANUMET. In the elderly, JANUMET should be carefully titrated to establish the minimum dose for adequate glycemic effect, because aging can be associated with reduced renal function. Any dose adjustment should be based on a careful assessment of renal function. Before initiation of therapy with JANUMET and at least annually thereafter, renal function should be assessed and verified as normal.

Pricing and availability of JANUMET
The price of twice-daily JANUMET will be $4.86 per day. JANUMET will be broadly available in pharmacies in the near future.

Selected cautionary information for JANUMET
JANUMET should be avoided in patients with evidence of hepatic disease. Before initiation of therapy with JANUMET and at least annually thereafter, renal function should be assessed and verified as normal. Patients should be warned against excessive alcohol intake while receiving JANUMET. Patients may require discontinuation of JANUMET and temporary use of insulin during periods of stress and decreased intake of fluids and food such as may occur with fever, trauma, infection or surgery. Patients previously controlled on JANUMET who develop laboratory abnormalities or clinical illness should be evaluated promptly for evidence of ketoacidosis or lactic acidosis. The reported incidence of lactic acidosis in patients receiving metformin hydrochloride is very low (approximately 0.03 cases/1000 patient-years, with approximately 0.015 fatal cases/1000 patient-years). When lactic acidosis occurs, it is fatal in approximately 50 percent of cases.

About type 2 diabetes
Type 2 diabetes is a condition in which the body has elevated blood sugar or glucose. With type 2 diabetes, the body may not make enough insulin, the insulin that the body produces may not work as well as it should, and/or the liver may release too much glucose.

Nearly 21 million people in the United States (7 percent of the population) have diabetes, with type 2 accounting for 90-95 percent of cases. Approximately half of people diagnosed with type 2 diabetes have not achieved adequate control of their blood sugar levels. Patients with diabetes can develop heart disease, kidney disease, blindness, vascular or neurological problems that can lead to amputation and can suffer increased rates of mortality. JANUMET and JANUVIA are not approved to treat the serious problems that may result from high blood sugar.

It is estimated that one in three Americans born in 2000 will develop diabetes sometime during their lifetime. There are currently more than 230 million people with diabetes worldwide, and if nothing is done to slow the epidemic, the worldwide number may exceed 350 million by 2025. The American Diabetes Association recommends that patients with type 2 diabetes achieve a target A1C level of <7 percent, while the American Association of Clinical Endocrinologists recommends a target A1C level of <6.5 percent.

Expanding clinical development program for sitagliptin family
Merck's clinical development program for sitagliptin is robust and continues to expand with 47 studies completed or under way, and nine more studies set to begin this year. There are more than 7,600 patients in the Company's clinical studies with about 4,700 of these patients, being treated with sitagliptin. Additionally, about 1,900 patients have been treated with sitagliptin for more than a year.

About Merck
Merck & Co., Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Established in 1891, Merck currently discovers, develops, manufactures and markets vaccines and medicines to address unmet medical needs. The Company devotes extensive efforts to increase access to medicines through far-reaching programs that not only donate Merck medicines but help deliver them to the people who need them. Merck also publishes unbiased health information as a not-for-profit service. For more information, visit www.merck.com


1A1C is a measure of a person's average blood glucose over a two- to three-month period.

2Clinical data referenced in this press release for JANUMET were from studies including sitagliptin plus metformin as separate tablets. A clinical bioequivalence study has demonstrated the equivalence between JANUMET and sitagliptin plus metformin as separate tablets.

JANUMET™ and JANUVIA™ are trademarks of Merck & Co., Inc.

GlaxoSmithKline K.K. seeks approval in Japan for lapatinib, a new treatment for breast cancer

GlaxoSmithKline K.K. (Head Office: Shibuya-ku, Tokyo, President: Marc Dunoyer, hereinafter referred to as GSK) announced the submission of a New Drug Application (NDA) to the Japanese authorities for approval to market lapatinib, its new cancer drug on 30 March. The indication for which the company seeks approval is for both monotherapy and for combination treatment with capecitabine* for patients with advanced or metastatic HER2 positive breast cancer in women who have received prior therapy including an anthracycline, a taxane, and trastuzumab.


In the US, lapatinib was approved on 13 March in combination with capecitabine, for the treatment of patients with advanced or metastatic breast cancer whose tumors overexpress HER2 and who have received prior therapy including an anthracycline, a taxane, and trastuzumab.Lapatinib is now marketed as Tykerb in the US. Marketing applications for lapatinib have been filed around the world, including the European Union, Switzerland, Canada, Brazil, Australia, and South Korea.


Lapatinib, a small molecule that is administered orally, inhibits the tyrosine kinase components of the EGFR (ErbB1) and HER2 (ErbB2) receptors. Stimulation of EGFR (ErbB1) and HER2 (ErbB2) is associated with cell proliferation and with multiple processes involved in tumor progression, invasion, and metastases. Overexpression of these receptors has been reported in a variety of human tumors and is associated with poor prognosis and reduced overall survival.


GlaxoSmithKline - one of the world’s leading research-based pharmaceutical and healthcare companies- is committed to improving the quality of human life by enabling people to do more, feel better and live longer.



*In Japan, capecitabine is marketed as Xeloda® by Chugain Pharmaceutical Co., LTD