Eton Pharmaceuticals Announces Acquisition of Canadian Rights for ALKINDI® SPRINKLE
14 Januar 2021 - 2:00PM
Eton Pharmaceuticals, Inc. (Nasdaq: ETON), a specialty
pharmaceutical company focused on developing and commercializing
innovative treatments for rare pediatric diseases, today announced
that it has acquired Canadian rights to ALKINDI® SPRINKLE from
Diurnal Group plc (LSE AIM: DNL). Eton Pharmaceuticals currently
commercializes ALKINDI® SPRINKLE in the United States as a
replacement therapy for Adrenocortical Insufficiency (AI) in
children under 17 years of age.
“Since launching ALKINDI® SPRINKLE in the United States, we have
been overwhelmed by the strong interest we have received from
endocrinologists and caregivers in Canada,” said Sean Brynjelsen,
CEO of Eton Pharmaceuticals. “We are pleased to be expanding our
partnership with Diurnal to include the Canadian market. This
exciting acquisition will allow us to leverage the early success we
have experienced with ALKINDI® SPRINKLE in the United States market
and will further advance us towards our goal of becoming an
industry leading orphan drug company.”
”We continue to be impressed by Eton’s enthusiasm and vision for
ALKINDI® SPRINKLE,” said Martin Whitaker, CEO of Diurnal Group plc.
“We are pleased to extend our collaboration with Eton to
potentially bring the product to pediatric patients in Canada
suffering with adrenal insufficiency, where there is a significant
unmet patient need.”
About ALKINDI SPRINKLEALKINDI® SPRINKLE is an
immediate-release oral hydrocortisone granule preparation that has
been specifically designed to meet the dosing needs of pediatric
patients with adrenocortical insufficiency. ALKINDI® SPRINKLE is
manufactured using commercially proven technology in four
strengths: 0.5 mg, 1 mg, 2 mg and 5 mg, to give greater dosing
flexibility to clinicians. Taste-masking excipients that are
acceptable for pediatric use eliminate the bitter taste of
hydrocortisone. ALKINDI® SPRINKLE has a shelf -life of three years
at ambient temperature and does not require refrigeration.
Additional information for U.S. patients and healthcare
professionals is available at www.alkindisprinkle.com.About
Eton PharmaceuticalsEton Pharmaceuticals, Inc. is a
specialty pharmaceutical company focused on developing and
commercializing innovative treatments for rare pediatric diseases.
The company currently owns or receives royalties from three
FDA-approved products, including ALKINDI® SPRINKLE, Biorphen®, and
Alaway Preservative Free®, and has six additional products that
have been submitted to the FDA.Forward-Looking
StatementsStatements contained in this press release
regarding matters that are not historical facts are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
associated with the expected ability of Eton to undertake certain
activities and accomplish certain goals and objectives. These
statements include but are not limited to statements regarding
Eton’s business strategy, Eton’s plans to develop and commercialize
its product candidates, the safety and efficacy of Eton’s product
candidates, Eton’s plans and expected timing with respect to
regulatory filings and approvals, and the size and growth potential
of the markets for Eton’s product candidates. Because such
statements are subject to risks and uncertainties, actual results
may differ materially from those expressed or implied by such
forward-looking statements. Words such as "believes,"
"anticipates," "plans," "expects," "intends," "will," "goal,"
"potential" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
based upon Eton’s current expectations and involve assumptions that
may never materialize or may prove to be incorrect. Actual results
and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of
various risks and uncertainties, which include, without limitation,
risks associated with the process of discovering, developing and
commercializing drugs that are safe and effective for use as human
therapeutics, and in the endeavor of building a business around
such drugs. These and other risks concerning Eton’s development
programs and financial position are described in additional detail
in Eton’s filings with the Securities and Exchange Commission. All
forward-looking statements contained in this press release speak
only as of the date on which they were made. Eton undertakes no
obligation to update such statements to reflect events that occur
or circumstances that exist after the date on which they were
made.Company Contact:David
Krempadkrempa@etonpharma.com612-387-3740
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