Eurand Added to NASDAQ Biotechnology Index
12 November 2007 - 2:30PM
PR Newswire (US)
AMSTERDAM, Netherlands, Nov. 12 /PRNewswire-FirstCall/ -- Eurand
N.V. (NASDAQ:EURX), a specialty pharmaceutical company that
develops enhanced pharmaceutical and biopharmaceutical products
based on its proprietary drug formulation technologies, announced
today that the Company has been selected for inclusion in the
NASDAQ Biotechnology Index (NASDAQ:NBI), effective November 19,
2007. Gearoid Faherty, Chief Executive Officer of Eurand,
commented, "We are delighted to be included in this important
NASDAQ index and believe it is further validation of our position
in the life sciences industry." The NASDAQ Biotechnology Index
includes securities of NASDAQ-listed companies that meet
eligibility criteria including market capitalization minimums,
trading volume minimums, and ICB classification. The index is
ranked on a semi-annual basis in May and November. More information
about the NBI is available at http://www.nasdaq.com/ About Eurand
Eurand is a specialty pharmaceutical company that develops enhanced
pharmaceutical and biopharmaceutical products based on its
proprietary drug formulation technologies. Eurand has had four
products approved by the FDA since 2001 and has a pipeline of
product candidates in development for itself and its collaboration
partners. Eurand has completed two phase III clinical trials on its
lead product candidate, Zentase, for the treatment of Exocrine
Pancreatic Insufficiency and filed a rolling NDA for this product
which the company anticipates to complete by the end of 2007.
Eurand's technology platforms include bioavailability enhancement
of poorly soluble drugs, customized release,
taste-making/fast-dissolving formulations and drug conjugation.
Eurand is a global company with facilities in the USA and Europe.
For more information, visit Eurand's website at
http://www.eurand.com/. This release, and oral statements made with
respect to information contained in this release, constitutes
forward-looking statements. Such forward-looking statements include
those which express plan, anticipation, intent, contingency, goals,
targets or future development and/or otherwise are not statements
of historical fact including, but not limited to our plans for our
NDA filing, enrollment and future plans for our clinical trials,
progress of and reports of results from clinical studies, clinical
development plans and product development activities. The words
"potentially", "could", "calls for" and similar expressions also
identify forward-looking statements. These statements are based
upon management's current expectations and are subject to risks and
uncertainties, known and unknown, which could cause actual results
and developments to differ materially from those expressed or
implied in such statements. Factors that could affect actual
results include risks associated with the possibility that the FDA
refuses to approve our NDA; the outcome of any discussions with the
FDA; and unexpected delays in preparation of materials for
submission to the FDA as a part of our NDA filing. Forward- looking
statements contained in this press release are made as of this
date, and we undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events or otherwise. Actual events could differ materially
from those anticipated in the forward- looking statements.
Contacts: Mario Crovetto Nick Laudico/Elizabeth Scott Chief
Financial Officer The Ruth Group Eurand N.V. 646-536-7030/7014 +39
02 95428 521 DATASOURCE: Eurand N.V. CONTACT: Mario Crovetto, Chief
Financial Officer of Eurand N.V., +39-02-95428-521, ; Nick Laudico,
+1-646-536-7030, , or Elizabeth Scott +1-646-536-7014, , both of
The Ruth Group, for Eurand N.V. Web site: http://www.eurand.com/
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