NovaDel Announces Update on Experimental Lingual Spray Drug Will Be Presented at Anesthesia Meeting
14 April 2004 - 3:29PM
PR Newswire (US)
NovaDel Announces Update on Experimental Lingual Spray Drug Will Be
Presented at Anesthesia Meeting FLEMINGTON, N.J., April 14
/PRNewswire-FirstCall/ -- NovaDel Pharma, Inc. (BULLETIN BOARD:
NVDL) said an update on a lingual spray formulation of propofol,
the world's leading intravenous general anesthetic, will be
presented by its licensee and development partner, Manhattan
Pharmaceuticals, Inc. (BULLETIN BOARD: MHTT) , at the 19th Annual
Meeting of the Society for Ambulatory Anesthesia, Seattle, April
29-May 2. Manhattan scientists will describe recent progress in
developing the proprietary sedative in a presentation titled,
"Propofol Lingual Spray: Formulation Optimization and Stability".
In June 2003, Manhattan and NovaDel announced a joint program to
develop a safe, convenient, noninvasive lingual spray version of
the widely used sedative. The two companies believe the delivery of
propofol via lingual spray may provide many advantages over
currently formulated sedatives. The product would be indicated for
patients undergoing in office or out patient diagnostic or
therapeutic procedures for which clinicians seek to tightly control
the onset, duration, and depth of sedation, with a level of
reliability and accuracy presently unachievable with existing
sedatives. The intended benefits are expected to be better
procedural outcomes and higher degrees of patient comfort and
satisfaction. Manhattan owns the worldwide, exclusive rights to use
NovaDel's proprietary lingual spray technology to deliver propofol
for preprocedural sedation. About NovaDel Pharma Inc. NovaDel
Pharma Inc. is a specialty pharmaceutical company engaged in the
development of novel drug delivery systems for prescription and
over-the-counter drugs. The Company's proprietary lingual spray
technology delivery system offers the patient (i) fast onset of
action; (ii) improved drug safety by reducing the required drug
dosage and reducing side effects; (iii) improved patient
convenience and compliance; and (iv) enhanced dosage reliability.
The Company plans to develop such products independently and
through collaborative arrangements with major pharmaceutical and
biotech companies. Except for historical information contained
herein, this document contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements involve known and unknown risks and
uncertainties that may cause the Company's actual results or
outcomes to be materially different from those anticipated and
discussed herein including, but not limited to, the ability to
develop products (independently and through collaborative
arrangements), and the ability to commercialize and obtain approval
for products under development. Further, the Company operates in
industries where securities may be volatile and may be influenced
by regulatory and other factors beyond the Company's control.
Important factors that the Company believes might cause such
differences are discussed in the risk factors detailed in the
Company's most recent Annual Report and Registration Statements,
filed with the Securities and Exchange Commission. In assessing
forward-looking statements contained herein, if any, the reader is
urged to carefully read all cautionary statements contained in such
filings. Contact: Barry C. Cohen VP Business & New Product
Development 908 782-3431 x 2160 NovaDel Pharma Inc. Thomas
Redington 203 222-7399 212 926-1733 DATASOURCE: NovaDel Pharma,
Inc. CONTACT: Barry C. Cohen, VP Business & New Product
Development of NovaDel Pharma Inc., +1-908-782-3431, ext. 2160; or
Thomas Redington, +1-203-222-7399, +1-212-926-1733, , for NovaDel
Pharma Inc.
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