Cornerstone Therapeutics Provides a Response to FDA Warning Letter on Deconsal
20 Noviembre 2009 - 2:40PM
PR Newswire (US)
CARY, N.C., Nov. 20 /PRNewswire-FirstCall/ -- Cornerstone
Therapeutics Inc. (NASDAQ:CRTX), a specialty pharmaceutical company
focused on acquiring, developing and commercializing significant
products primarily for the respiratory and related markets, today
reported that it had received a Warning Letter from the Food and
Drug Administration ("FDA") alleging that its Deconsal CT chewable
tablets (Phenylephrine HCl 10 mg, Pyrilamine Maleate 16 mg) and
Deconsal DM chewable tablets (Phenylephrine HCl 10 mg, Pyrilamine
Maleate 16 mg, Dextromothorphan HBr 15 mg) are new drugs lacking an
approved application and as such should not be introduced into
interstate commerce. Cornerstone is preparing an appropriate
response to the FDA. Cornerstone has not sold any Deconsal CT
products since July 2009 and has not sold any Deconsal DM products
since January 2009. Net revenues from the sales of the Deconsal
products in 2009 year to date are $173,498. Cornerstone does not
intend to manufacture, or have manufactured, any further lots of
this product. About Cornerstone Therapeutics Cornerstone
Therapeutics Inc. (Nasdaq CM: CRTX), headquartered in Cary, N.C.,
is a specialty pharmaceutical company focused on acquiring,
developing and commercializing significant products primarily for
the respiratory and related markets. The Company currently promotes
multiple marketed products in the United States to
respiratory-focused physicians and key retail pharmacies with its
specialty sales force. The Company also has a late-stage clinical
pipeline with a recent regulatory submission filing and four
additional regulatory approval submissions targeted within the next
three years. Key elements of the Company's strategy are to
in-license or acquire rights to underpromoted, patent-protected,
branded respiratory or related pharmaceutical products or
late-stage product candidates; implement life cycle management
strategies to maximize the potential value and competitive position
of the Company's currently marketed products, newly acquired
products and product candidates that are currently in development;
grow product revenue through the Company's specialty sales force,
which is focused on the respiratory and related markets; and
maintain and strengthen the intellectual property position of the
Company's currently marketed products, newly acquired products and
product candidates. Safe Harbor Statement This press release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. For this purpose,
any statements contained herein, other than statements of
historical fact, including statements regarding the progress and
timing of our product development programs and related trials, our
strategy and our future operations and opportunities, constitute
forward-looking statements. Actual results may differ materially
from those indicated by such forward-looking statements as a result
of various important factors, including the results of preclinical
studies and clinical trials with respect to our products under
development, our ability to satisfy FDA and other regulatory
requirements and the other factors described in Item 1A (Risk
Factors) of our Annual Report on Form 10-K filed with the
Securities and Exchange Commission (the SEC) on March 26, 2009 and
in our subsequent filings with the SEC. In addition, the statements
in this press release reflect our expectations and beliefs as of
the date of this release, should not be relied upon as representing
our views as of any other date and do not reflect the potential
impact of any acquisitions, mergers, dispositions, business
development transactions, joint ventures or investments that we may
make or enter into. We anticipate that subsequent events and
developments will cause our expectations and beliefs to change.
However, while we may elect to update these forward-looking
statements publicly at some point in the future, we specifically
disclaim any obligation to do so, whether as a result of new
information, future events or otherwise. Investor Relations
Contacts: FD Evan Smith/Brian Ritchie 212-850-5600 / Media
Relations Contact: FD Robert Stanislaro 212-850-5600 DATASOURCE:
Cornerstone Therapeutics Inc. CONTACT: Investor Relations Contacts:
FD, Evan Smith, , Brian Ritchie, , +1-212-850-5600, or Media
Relations Contact: FD, Robert Stanislaro, +1-212-850-5600,
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