IntelGenx Corp. (TSX:IGX) (OTCQB:IGXT) (the "Company" or
"IntelGenx"), a leader in pharmaceutical films, announced today
that it has entered into an exclusive supply agreement (the
“Agreement”) for RIZAPORT® (the “Product”) with ARWAN
Pharmaceuticals Industries Lebanon s.a.l. (“ARWAN”) in various
countries in the Middle East and North Africa (“MENA”) region,
including Lebanon, Kuwait, Saudi Arabia, United Arab Emirates,
Jordan, Iraq, , Libya, Oman, Yemen, Qatar, Bahrain, Egypt, Sudan,
Kenya, Nigeria, Mauritius, Cameroon, Afghanistan, Tajikistan,
Kazakhstan, Turkmenistan, and Uzbekistan (the “Territory”).
RIZAPORT® is a proprietary oral thin film
formulation of rizatriptan benzoate, a 5-HT1 receptor agonist and
the active drug in Merck & Co.'s Maxalt®. Rizatriptan is
considered to be one of the most effective oral triptans, a class
of molecules that constricts blood vessels in the brain to relieve
swelling and other migraine symptoms.1 RIZAPORT® is based on
IntelGenx's proprietary VersaFilm® technology. It dissolves rapidly
and releases its active ingredient in the mouth. The administration
method of the RIZAPORT® oral soluble film, which does not require
the patient to swallow a pill or consume water, along with its
neutral flavor, presents a therapeutic alternative for migraine
patients, especially for those who suffer from migraine-related
nausea, estimated to be approximately 80% of the total migraine
patient population, and for patients suffering from dysphagia
(difficulty swallowing).1
Under the terms of the Agreement, IntelGenx will
supply the Product to ARWAN, which will have the exclusive right to
register and commercialize it in the Territory.
“The marketing and distribution of an innovative
product like RIZAPORT® requires deep insight into both the
treatment and regulatory landscape within a target country,”
commented Dr. Horst G. Zerbe, CEO of IntelGenx. “ARWAN knows the
MENA marketplace intimately, and has a successful track record. We
are looking forward to working with them."
"We are excited to bring this innovative and
easy-to-administer treatment to patients in the MENA region, where
migraine prevalence is similar to that in the rest of the world,”
said Abdul Razzaq Yousef, President of ARWAN.
Reference
1. Láinez MJA. (2006) Rizatriptan in the
treatment of migraine. Neuropsychiatr Dis Treat. 2006 Sep; 2(3):
247–259.
About ARWAN
Founded in 2009 and based in Lebanon, ARWAN
develops, manufactures and markets critical care products, focusing
on new generations anti-infectives, hematinics, anesthetics and
analgesics, gastrointestinals, oncology, antiasthmatics,
cardiovasculars, osteoporosis and wound management modalities.
ARWAN markets extend beyond Lebanon to cover the
20 countries of MENA as well as Africa, where the large Lebanese
diaspora acts as a liaison in establishing businesses and forging
partnership.
For more information, visit www.arwanlb.com.
About IntelGenx
IntelGenx is a leading drug delivery company
focused on the development and manufacturing of pharmaceutical
films.
IntelGenx’s superior film technologies,
including VersaFilm®, DisinteQ™, VetaFilm™ and transdermal
VevaDerm™, allow for next generation pharmaceutical products that
address unmet medical needs. IntelGenx’s innovative product
pipeline offers significant benefits to patients and physicians for
many therapeutic conditions.
IntelGenx's highly skilled team provides
comprehensive pharmaceuticals services to pharmaceutical partners,
including R&D, analytical method development, clinical
monitoring, IP and regulatory services. IntelGenx's
state-of-the-art manufacturing facility offers full service by
providing lab-scale to pilot- and commercial-scale production. For
more information, visit www.intelgenx.com.
Forward-Looking Information and
Statements
This document may contain forward-looking
information about IntelGenx's operating results and business
prospects that involve substantial risks and uncertainties.
Statements that are not purely historical are forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. These statements include, but are not
limited to, statements about IntelGenx's plans, objectives,
expectations, strategies, intentions or other characterizations of
future events or circumstances and are generally identified by the
words "may," "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "estimates," "could," "would," and similar
expressions. All forward looking statements are expressly qualified
in their entirety by this cautionary statement. Because these
forward-looking statements are subject to a number of risks and
uncertainties, IntelGenx's actual results could differ materially
from those expressed or implied by these forward-looking
statements. Factors that could cause or contribute to such
differences include, but are not limited to, those discussed under
the heading "Risk Factors" in IntelGenx's annual report on Form
10-K, filed with the United States Securities and Exchange
Commission and available at www.sec.gov, and also filed with
Canadian securities regulatory authorities at www.sedar.com.
IntelGenx assumes no obligation to update any such forward-looking
statements.
Source: IntelGenx Technologies Corp.
For IntelGenx:
Stephen KilmerInvestor Relations(647)
872-4849stephen@kilmerlucas.com
Or
Andre Godin, CPA, CAPresident and CFOIntelGenx
Corp.(514) 331-7440 ext 203andre@intelgenx.com
Intelgenx Technologies (TSX:IGX)
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