Guest guest Posted March 11, 2003 Report Share Posted March 11, 2003 Berna Biotech's Aerugen® Granted Orphan Drug Designation in the USA Berne, Switzerland; May 15, 2002: Berna Biotech Ltd (SWX: BBIN) today announced that its Aerugen® Pseudomonas aeruginosa vaccine has been granted orphan drug designation in the USA. 'Orphan drug' is the term applied to pharmaceuticals specially developed to combat rare diseases for which there is a significant unmet clinical need. Orphan drug status provides for US marketing exclusivity for seven years upon marketing approval by the FDA. The status also provides certain tax benefits for related clinical development costs, the possibility to apply for clinical research grants, and a potential waiver for marketing application user fees. It also provides for assistance from the FDA to facilitate the development and registration of the product.This follows the granting of orphan drug status for the vaccine in Europe in December 2001, providing for special incentives, including market exclusivity for up to ten years in Europe.Vaccination with Aerugen® aims to prevent the progressive destruction of the lungs in Pseudomonas aeruginosa infection, resulting in a significant improvement in the quality of life and the extension of life expectancy for cystic fibrosis sufferers. Pseudomonas aeruginosa infections are frequent and difficult to treat, and in most cases lead to a fatal outcome. They place a high financial burden on healthcare providers. Aerugen® should offer the first effective long-term prophylaxis for Pseudomonas aeruginosa infections.Aerugen® is the most advanced vaccine for the prevention of Pseudomonas aeruginosa infections world-wide. An eight-valent conjugate vaccine, Aerugen® targets strains causing up to 95% of infections. Building on excellent 10-year observational data on the role of Aerugen® in the prevention of infection and the preservation of lung function in cystic fibrosis patients, a phase III clinical study of the vaccine involving 46 centres, in four European countries, is currently ongoing.Market launch in the USA is scheduled for 2005. Potential US sales are estimated to be between CHF 30 million and CHF 50 million, similar to those anticipated for Europe. Berna Biotech Ltd (SWX: BBIN) develops, produces and markets vaccines and immunotherapeutics. Headquartered in Berne, Switzerland, with affiliates in Switzerland, Spain and Italy, Berna's range of novel and validated proprietary technology platforms supports a broad product portfolio. The fully integrated company markets four core vaccines, and has more than 14 products in development, including four products in or entering phase III clinical development in 2002. Development is supported through alliances with academic and commercial partners. In 2001, Berna Biotech, with 650 employees, generated sales of above CHF 300 million. Further Information Press contact Patrik , General Secretary Tel: +41 31 980 64 91 Fax: +41 31 980 62 29 Investor Relations Anya Ramalho, Head of Business Development & Investor relations Tel: +41 31 980 6410 Fax: +41 31 980 6229 Becki YOUR FAVORITE LilGooberGirl YOUNGLUNG EMAIL SUPPORT LIST www.topica.com/lists/younglung Pediatric Interstitial Lung Disease Society http://groups.yahoo.com/group/InterstitialLung_Kids/ Quote Link to comment Share on other sites More sharing options...
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