Pronova BioPharma ASA presented at the UBS Global Life Sciences
Conference 2009 21 September
(Thomson Reuters ONE) - 21 September 2009, Lysaker, Norway: Pronova BioPharma ASA (OSE:PRON.OL) CEO Morten Jurs, presented the company at the UBS GlobalLife Sciences Conference 2009 at 15:00 EST at the Grand Hyatt NewYork in New York City. The presentation is attached and is alsoavailable on http://www.pronova.com. -- Ends --For further information, please contact:Hilde H. Steineger, Vice president investor relations +47 48 00 42 40and communicationsSynne H. Røine, CFO +47 22 53 48 92About Pronova BioPharmaPronova BioPharma is a global leader in the research, development andmanufacture of marine-originated omega-3 derived pharmaceuticalproducts. Pronova BioPharma's first commercialized product isbranded as Omacor® in a number of countries throughout Europe andAsia and as LovazaTM in the United States. The product ismanufactured at the Company's plant in Sandefjord, Norway using aunique and complex process. An additional manufacturing plant isunder construction in Kalundborg, Denmark and is expected to beoperational in first quarter 2010.Omacor/Lovaza is the first and only EU- and FDA-approved omega-3derived prescription drug. The drug is prescribed as an adjunct todiet for the treatment of elevated levels of triglycerides in humans,a condition known as hypertriglyceridemia (HTG), a form ofdyslipidemia (or disorder of lipid metabolism). Very hightriglycerides have been linked to a number of cardiovasculardiseases. Omacor is also approved in key European and certain Asianmarkets for the secondary prevention of post-myocardial infarction,or Post-MI, the period following the initial survival of a heartattack.Omacor/Lovaza has been demonstrated in a number of clinical trials tobe a potent triglyceride-lowering agent as a monotherapy. It hasbeen documented to be efficacious, safe, and highly complementary toother lipid-lowering agents, such as statins. In addition, PronovaBioPharma is involved in various projects to develop Omacor/Lovaza ina number of cardiovascular indications, including as a combinationtherapy with statins for mixed dyslipidemia which management believerepresents a major market opportunity for the Company.Pronova BioPharma's global network of license and distributionpartners includes: GlaxoSmithKline PLC (US), Takeda Pharmaceutical(Japan), Prospa (Italy) and Solvay (UK, Germany and others). Thecombined sales force from this network focused on the sale ofOmacor/Lovaza is approximately 2,650 sales representatives.Omacor/Lovaza was launched in 2005 in the US and in major Europeanmarkets, such as France and Spain. IMS Health reports that globalend-user sales of the product have increased from US$144 million in2005 to US$778 million in 2008. The current annual run rate forend-user sales is estimated at US$953 million (as of December 2008),and the Company estimates that approximately 750,000 patients arecurrently on a prescription for Omacor/Lovaza.Pronova BioPharma had revenues of NOK 1,302 million and EBITDA of NOK603 million in 2008. The company is listed at Oslo Børs. Seewww.pronova.com for more information.http://hugin.info/137506/R/1342578/321412.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.09.2009 - 21:30 Uhr
Sprache: Deutsch
News-ID 6038
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 320 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Pronova BioPharma ASA presented at the UBS Global Life Sciences
Conference 2009 21 September"
steht unter der journalistisch-redaktionellen Verantwortung von
Pronova BioPharma ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
