Lupin Pharmaceuticals, Inc. and Cornerstone BioPharma, Inc. Enter Co-Promotion Agreement for Suprax®
[Baltimore, MD] January 27, 2005:
Lupin Pharmaceuticals, Inc. (LPI) today announced that it has entered in an alliance with Cornerstone BioPharma, Inc. as a promotion partner in the US for its Suprax® (cefixime) antiinfective. Commencing immediately, Cornerstone’s sales force will co-promote Suprax® with a focus on primary care physicians.
Suprax® was approved in 2004 and has been promoted by LPI’s pediatric focused sales force. This partnership represents a significant expansion in the scope of physician coverage for Suprax® in the $1.2 billion US oral suspension antiinfective market.
Commenting on the agreement Vinita Gupta, Managing Director & President, LPI, Inc. said “We believe Suprax® offers physicians an attractive option in this era of increasing resistance to existing therapies. Cornerstone’s promotion of the brand complements and enhances our reach of Suprax® beyond Lupin’s pediatric focus to the primary care market”.
“We look forward to growing sales and market share for Suprax®, while developing a working relationship with Lupin,” said Craig Collard, CEO of Cornerstone. “This agreement reflects our ability to partner and commercialize prescription strength products, which is at the core of our business model.”
About Suprax® Suprax® (Cefixime) Oral Suspension is indicated for the treatment of mild to moderate infections, including uncomplicated urinary tract infection caused by E. coli and P. mirabilis; otitis media caused by H. influenzae (beta-lactamase positive and negative strains) and M. catarrhalis (most of which are beta lactamase positive); and pharyngitis/tonsillitis caused by S. pyogenes. Suprax® has not been studied for the prevention of rheumatic fever following S. pyogenes pharyngitis/tonsillitis.
Suprax® is contraindicated in patients with known allergy to the cephalosporin class of antibiotics. Patients with previous hypersensitivity to penicillins should be closely monitored when taking Suprax®. The drug should be discontinued if an allergic reaction to Suprax® occurs.
Most adverse reactions observed in clinical trials were of a mild and transient nature. The most frequently seen side effects were GI events including diarrhea, loose/frequent stools, flatulence, abdominal pain, and dyspepsia.
For complete details, please see full prescribing information at www.suprax.info.
About Lupin
Lupin Pharmaceuticals, Inc is the wholly owned U.S. subsidiary of Mumbai based Lupin Limited, a leading Indian Pharmaceutical company. Headquartered in Mumbai, Lupin (http:/www.lupinworld.com) develops, manufactures and markets generic intermediates, active pharmaceutical ingredients and finished dosages. Its FY 2003-04 revenues were USD 261.5 million. Nine of Lupin’s plants have been approved by the USFDA and two plants have been approved by the UKMHRA
About Cornerstone
Cornerstone BioPharma,Inc.(http:/www.cornerstonebiopharma.com) is a non-traditional specialty pharmaceutical company focused in the pain, wound healing, and respiratory markets. The company markets two prescription strength Schedule IV pain products, as well as multiple prescription and OTC respiratory medications. The company is active in the development of late stage technologies as well as licensing of additional prescription products in the pain, dermatology and wound healing categories.
For further information contact:
Leslie Leader
Lupin Pharmaceuticals, Inc.
Phone: 410-576-2000
Ed Capparucci
Vice President, Director of Client Services
Adair-Greene Healthcare Communications
Phone: 404-367-1518
Fax: 404-351-4865