60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW)
(the “Company”), a pharmaceutical company focused on developing new
medicines for infectious diseases, announced today that the Company
has commenced a nine-month promotional pilot to bring greater
awareness of ARAKODA® (
tafenoquine) and its
benefits to patients and healthcare providers who prescribe it.
ARAKODA (tafenoquine) is an
antimalarial indicated for the prevention of malaria in
patients aged 18 years and older.
“This pilot is intended to provide valuable insight into how
healthcare professionals view ARAKODA as an antimalarial, and how
they make decisions around how and when to prescribe it,” said 60
Degrees Pharmaceuticals, Inc., Chief Executive Officer and
President, Geoffrey Dow. “The purpose of the pilot is to equip
ourselves with data that will improve the success of a planned
expanded U.S. sales effort in 2025.”
The pilot program includes inside, or virtual, sales
representatives who will conduct outreach to prospective and
current ARAKODA customers to promote the co-pay program and
increase sales.
Part of the pilot entails development of a co-pay assistance
program to assist with out-of-pocket costs for people traveling to
malaria-endemic regions. Usage data generated by such a program
will further inform the Company on questions related to ARAKODA
customer demographics, pricing, prescription trends, and how and
where to focus promotional efforts to increase sales.
ARAKODA is the only FDA-approved prophylactic therapy approved
by the U.S. Food and Drug Administration (“FDA”) that provides
protection against all stages of malaria. Further, ARAKODA is
recommended by the Centers for Disease Control and Prevention for
travelers to malaria-endemic regions, due in part to its convenient
weekly dosing regimen and established safety profile.
About ARAKODA® (tafenoquine)
Tafenoquine was discovered by Walter
Reed Army Institute of Research.
Tafenoquine was approved for malaria
prophylaxis in 2018 in the United States as ARAKODA® and
in Australia as KODATEF®. Both were commercially launched
in 2019 and are currently distributed through pharmaceutical
wholesaler networks in each respective country. They are available
at retail pharmacies as a prescription-only malaria prevention
drug. According to the Centers for Disease Control and
Prevention, the long terminal half-life
of tafenoquine, which is approximately 16
days, may offer potential advantages in less- frequent dosing for
prophylaxis for malaria. ARAKODA® is not suitable for
everyone, and patients and prescribers should review the Important
Safety Information below. Individuals at risk of contracting
malaria are prescribed ARAKODA® 2 x 100 mg tablets once per day for
three days (the loading phase) prior to travel to an area of the
world where malaria is endemic, 2 x 100 mg tablets weekly for up to
six months during travel, then 2 x 100 mg in the week following
travel.
ARAKODA® (tafenoquine) Important Safety
Information
ARAKODA® is an antimalarial indicated for the prophylaxis of
malaria in patients aged 18 years of age and older.
Contraindications
ARAKODA® should not be administered to:
- Glucose-6-phosphate dehydrogenase (“G6PD”) deficiency or
unknown G6PD status;
- Breastfeeding by a lactating woman when the infant is found to
be G6PD deficient or if
- G6PD status is unknown;
- Patients with a history of psychotic disorders or current
psychotic symptoms; or
- Known hypersensitivity reactions to
tafenoquine, other 8-aminoquinolines, or any
component of ARAKODA®.
Warnings and Precautions
Hemolytic Anemia: G6PD testing must be
performed before prescribing ARAKODA® due to the risk of hemolytic
anemia. Monitor patients for signs or symptoms of hemolysis.
G6PD Deficiency in Pregnancy or Lactation:
ARAKODA® may cause fetal harm when administered to a pregnant woman
with a G6PD-deficient fetus. ARAKODA® is not recommended during
pregnancy. A G6PD-deficient infant may be at risk for hemolytic
anemia from exposure to ARAKODA® through breast milk. Check
infant’s G6PD status before breastfeeding begins.
Methemoglobinemia: Asymptomatic elevations in
blood methemoglobin have been observed. Initiate appropriate
therapy if signs or symptoms of methemoglobinemia occur.
Psychiatric Effects: Serious psychotic adverse
reactions have been observed in patients with a history of
psychosis or schizophrenia, at doses different from the approved
dose. If psychotic symptoms (hallucinations, delusions, or grossly
disorganized thinking or behavior) occur, consider discontinuation
of ARAKODA® therapy and evaluation by a mental health professional
as soon as possible.
Hypersensitivity Reactions: Serious
hypersensitivity reactions have been observed with administration
of ARAKODA®. If hypersensitivity reactions occur, institute
appropriate therapy.
Delayed Adverse Reactions: Due to the long
half-life of ARAKODA® (approximately 16 days), psychiatric effects,
hemolytic anemia, methemoglobinemia, and hypersensitivity reactions
may be delayed in onset and/or duration.
Adverse Reactions: The most common adverse
reactions (incidence greater than or equal to 1 percent) were:
headache, dizziness, back pain, diarrhea, nausea, vomiting,
increased alanine aminotransferase, motion sickness, insomnia,
depression, abnormal dreams, and anxiety.
Drug Interactions
Avoid co-administration with drugs that are substrates of
organic cation transporter-2 or multidrug and toxin extrusion
transporters.
Use in Specific Populations
Lactation: Advise women not to breastfeed a G6PD-deficient
infant or infant with unknown G6PD status during treatment and for
3 months after the last dose of ARAKODA®.
To report SUSPECTED ADVERSE REACTIONS, contact 60 Degrees
Pharmaceuticals, Inc. at 1- 888-834-0225 or the FDA at
1-800-FDA-1088 or www.fda.gov/medwatch. The full prescribing
information of ARAKODA® is located here.
About 60 Degrees Pharmaceuticals, Inc.
60 Degrees Pharmaceuticals, Inc., founded in 2010, specializes
in developing and marketing new medicines for the treatment and
prevention of infectious diseases that affect the lives of millions
of people. 60 Degrees Pharmaceuticals, Inc. achieved FDA approval
of its lead product, ARAKODA® (tafenoquine),
for malaria prevention, in 2018. 60 Degrees Pharmaceuticals, Inc.
also collaborates with prominent research organizations in the
U.S., Australia, and Singapore. The 60 Degrees Pharmaceuticals,
Inc. mission has been supported through in-kind funding from the
U.S. Department of Defense and private institutional investors
including Knight Therapeutics Inc., a Canadian-based Pan-American
specialty pharmaceutical company. 60 Degrees Pharmaceuticals, Inc.
is headquartered in Washington D.C., with a majority-owned
subsidiary in Australia. Learn more at www.60degreespharma.com.
Cautionary Note Regarding Forward-Looking
StatementsThis press release may contain “forward-looking
statements” within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward‐looking statements reflect the current view about future
events. When used in this press release, the words “anticipate,”
“believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the
negative of these terms and similar expressions, as they relate to
us or our management, identify forward‐looking statements.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions
regarding the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy, activities
of regulators and future regulations and other future conditions.
Because forward-looking statements relate to the future, they are
subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are
outside of our control. Our actual results and financial condition
may differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these
forward-looking statements. Important factors that could cause our
actual results and financial condition to differ materially from
those indicated in the forward-looking statements include, among
others, the following: there is substantial doubt as to our ability
to continue on a going-concern basis; we might not be eligible for
Australian government research and development tax rebates; if we
are not able to successfully develop, obtain FDA approval for, and
provide for the commercialization of non-malaria prevention
indications for tafenoquine (ARAKODA® or other
regimen) or Celgosivir in a timely manner, we may not be able to
expand our business operations; we may not be able to successfully
conduct planned clinical trials; and we have no manufacturing
capacity which puts us at risk of lengthy and costly delays of
bringing our products to market. More detailed information
about the Company and the risk factors that may affect the
realization of forward-looking statements is set forth in the
Company’s filings with the Securities and Exchange
Commission (“SEC”), including the information contained in our
Annual Report on Form 10-K filed with the SEC on April 1, 2024, and
our subsequent SEC filings. Investors and security holders are
urged to read these documents free of charge on the SEC’s web site
at www.sec.gov. As a result of these matters, changes in
facts, assumptions not being realized or other circumstances, the
Company’s actual results may differ materially from the expected
results discussed in the forward-looking statements contained in
this press release. Any forward-looking statement made by us in
this press release is based only on information currently available
to us and speaks only as of the date on which it is made. We
undertake no obligation to publicly update any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
Media Contact:Sheila A.
BurkeSheilaBurke-consultant@60degreespharma.com(484) 667-6330
Investor Contact:Patrick
Gaynespatrickgaynes@60degreespharma.com(310) 989-5666
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