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Assertio Holdings, Inc. Announces FDA Orange Book Listing for New Sympazan® Oral Film Patent

Retrieved on: 
Monday, January 9, 2023

11541002 for Sympazan® oral film is now listed in the U.S. Food and Drug Administration (“FDA”) publication, Approved Drug Products with Therapeutic Equivalence Evaluations, commonly known as the Orange Book.

Key Points: 
  • 11541002 for Sympazan® oral film is now listed in the U.S. Food and Drug Administration (“FDA”) publication, Approved Drug Products with Therapeutic Equivalence Evaluations, commonly known as the Orange Book.
  • The patent, which is valid until 2039, is assigned to Aquestive Therapeutics, Inc. and exclusively licensed to Assertio.
  • It covers an oral film for delivering clobazam and methods for using the film to treat epilepsy and/or seizures.
  • “We are pleased to see this patent listed in the Orange Book, as originally anticipated in our Sympazan licensing agreement with Aquestive.

Catalyst Pharmaceuticals Reports Record Third Quarter 2022 Financial Results and Provides a Corporate Update

Retrieved on: 
Wednesday, November 9, 2022

"Catalyst delivered another solid quarter driven by record net revenues that exceeded expectations, marking this as another strong quarter of sequential growth of our FIRDAPSE brand.

Key Points: 
  • "Catalyst delivered another solid quarter driven by record net revenues that exceeded expectations, marking this as another strong quarter of sequential growth of our FIRDAPSE brand.
  • With robust year-to-date performance and continued momentum going into the fourth quarter, we are raising our 2022 full year total revenue guidance to $205-210 million."
  • In the third quarter of 2022 we were ranked #39 in the 2022 Fortune 100 Fastest Growing Companies List.
  • Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date.

FTC Amicus Brief Challenges Abuse of FDA “Orange Book” Listing Procedures to Block Drug Competition

Retrieved on: 
Friday, November 11, 2022

The FDAs Orange Book is a list of drugs that are approved by the agency as safe and effective.

Key Points: 
  • The FDAs Orange Book is a list of drugs that are approved by the agency as safe and effective.
  • The FTCs amicus brief explains how the Orange Book listing process can be abused and emphasizes the harm to competition and consumers that can result from that abuse, including depriving consumers of potential competition from lower-cost alternatives and the ability to choose between products.
  • After listing it in the Orange Book, Jazz filed a patent infringement lawsuit against Avadel, triggering a 30-month stay and blocking final FDA approval of Avadels competing narcolepsy drug.
  • The FTC amicus brief takes no position on the scope or claim construction of the 963 patent but argues generally that REMS distribution patents are not properly listed in the Orange Book.

FTC Amicus Brief Challenges Abuse of FDA “Orange Book” Listing Procedures to Block Drug Competition

Retrieved on: 
Friday, November 11, 2022

The FDAs Orange Book is a list of drugs that are approved by the agency as safe and effective.

Key Points: 
  • The FDAs Orange Book is a list of drugs that are approved by the agency as safe and effective.
  • The FTCs amicus brief explains how the Orange Book listing process can be abused and emphasizes the harm to competition and consumers that can result from that abuse, including depriving consumers of potential competition from lower-cost alternatives and the ability to choose between products.
  • After listing it in the Orange Book, Jazz filed a patent infringement lawsuit against Avadel, triggering a 30-month stay and blocking final FDA approval of Avadels competing narcolepsy drug.
  • The FTC amicus brief takes no position on the scope or claim construction of the 963 patent but argues generally that REMS distribution patents are not properly listed in the Orange Book.

Baudax Bio Reports Third Quarter 2022 Financial Results and Business Highlights

Retrieved on: 
Tuesday, November 8, 2022

MALVERN, Pa., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (NASDAQ:BXRX) (the “Company”), a pharmaceutical company focused on innovative products for hospital and related settings, today reported financial results for the three and nine months ended September 30, 2022, updated the status of the neuromuscular blocking (NMB) agent development program, provided key metrics around the ongoing commercialization of ANJESO (meloxicam) injection, and provided an overview of other corporate and financial developments.

Key Points: 
  • Baudax Bio expects to complete nonclinical studies and manufacturing data required to support the IND for BX3000 in the first half of 2023.
  • In August 2022, Baudax Bio announced that the United States Patent and Trademark Office (USPTO) had provided a Notice of Allowance for patent application No.
  • As of September 30, 2022, Baudax Bio had cash and cash equivalents of $5.6 million.
  • These forward-looking statements are based on information currently available to Baudax Bio, and Baudax Bio assumes no obligation to update any forward-looking statements except as required by applicable law.

Baudax Bio receives notice of allowance for U.S. Patent Application covering use of ANJESO® for the treatment of moderate to severe pain

Retrieved on: 
Monday, August 22, 2022

A Notice of Allowance is issued after the USPTO makes the determination that a patent should be granted from an application.

Key Points: 
  • A Notice of Allowance is issued after the USPTO makes the determination that a patent should be granted from an application.
  • The 095 Application emphasizes ANJESOs potential to treat moderate to severe pain while potentially reducing the use of rescue analgesics.
  • ANJESO is indicated for the management of moderate to severe pain, alone or in combination with other non-NSAID analgesics.
  • Baudax Bio markets ANJESO, the first and only 24-hour, intravenous (IV) COX-2 preferential non-steroidal anti-inflammatory (NSAID) for the management of moderate to severe pain.

Catalyst Pharmaceuticals Delivers Strong Second Quarter 2022 Financial Results with Record FIRDAPSE® Revenues and Provides Corporate Update

Retrieved on: 
Tuesday, August 9, 2022

These results marked a quarter of record revenues from FIRDAPSE net sales and reflect the 5th period of consecutive quarter-over-quarter growth for Catalyst.

Key Points: 
  • These results marked a quarter of record revenues from FIRDAPSE net sales and reflect the 5th period of consecutive quarter-over-quarter growth for Catalyst.
  • Revenue: Product revenue, net in the second quarter of 2022 was $53.0 million, compared to $33.6 million for the second quarter of 2021, representing an increase of 57.7% year-over-year.
  • Total revenue for the second quarter of 2022 was $53.1 million, compared to $36.4 million for the second quarter of 2021, representing an increase of 46.1% year-over-year.
  • Research and development expenses: R&D expenses in the second quarter of 2022 were $4.0 million, compared to R&D expenses of $4.5 million in the second quarter of 2021.

Avadel Pharmaceuticals Provides Corporate Update and Reports Second Quarter 2022 Financial Results

Retrieved on: 
Tuesday, August 9, 2022

ET

Key Points: 
  • ET
    DUBLIN, Ireland, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Avadel Pharmaceuticals plc (Nasdaq: AVDL), a biopharmaceutical company focused on transforming medicines to transform lives, today provided a corporate update and announced its financial results for the second quarter ended June 30, 2022.
  • R&D expenses were $4.5 million in the quarter ended June 30, 2022, compared to $6.8 million for the same period in 2021.
  • SG&A expenses were $21.8 million in the quarter ended June 30, 2022, compared to $15.2 million for the same period in 2021.
  • These forward-looking statements relate to our future expectations, beliefs, plans, strategies, objectives, results, conditions, financial performance, prospects, or other events.

Liquidia Receives Favorable Ruling in Inter Partes Review against United Therapeutics Patent

Retrieved on: 
Tuesday, July 19, 2022

10,716,793 (793 patent) owned by United Therapeutics Corporation (UTC) and listed in the Orange Book for Tyvaso (treprostinil inhalation solution).

Key Points: 
  • 10,716,793 (793 patent) owned by United Therapeutics Corporation (UTC) and listed in the Orange Book for Tyvaso (treprostinil inhalation solution).
  • In its ruling, the PTAB found that, based on the preponderance of the evidence, all the claims of the 793 patent have been shown to be unpatentable.
  • Roger Jeffs, Chief Executive Officer of Liquidia said: We are very pleased with this decision by the PTAB.
  • The PTABs decision with respect to the 793 patent does not resolve the on-going district court litigation brought by UTC related to YUTREPIA.

Avadel Pharmaceuticals Announces Tentative Approval of LUMRYZ™ (sodium oxybate) extended-release oral suspension

Retrieved on: 
Tuesday, July 19, 2022

DUBLIN, Ireland, July 19, 2022 (GLOBE NEWSWIRE) -- Avadel Pharmaceuticals plc (Nasdaq: AVDL), a biopharmaceutical company focused on transforming medicines to transform lives, today announced that the U.S. Food and Drug Administration (FDA) has granted tentative approval to LUMRYZ, also known as FT218. Tentative approval indicates that LUMRYZ has met all required quality, safety, and efficacy standards necessary for approval in the U.S. Final approval is pending disposition of U.S. Patent No. 8,731,963 (the “REMS patent”) which is listed in FDA’s Orange Book. LUMRYZ is a once-at-bedtime investigational formulation of sodium oxybate for the treatment of excessive daytime sleepiness (EDS) or cataplexy in adults with narcolepsy.

Key Points: 
  • Tentative approval indicates that LUMRYZ has met all required quality, safety, and efficacy standards necessary for approval in the U.S.
  • We have reached a critical milestone, as tentative approval confirms the safety profile and clinical efficacy of LUMRYZ for adults with narcolepsy, said Greg Divis, Chief Executive Officer at Avadel Pharmaceuticals.
  • Tentative approval is an important regulatory step forward and indicates LUMRYZ could potentially be granted final approval in 11 months or less.
  • We believe once-at-bedtime LUMRYZ offers the opportunity to positively transform the lives of oxybate eligible patients living with narcolepsy.