Bentley Pharmaceuticals Receives Approval to Market a Generic Version of Simvastatin in The U.K.
18 Mayo 2004 - 10:35AM
PR Newswire (US)
Bentley Pharmaceuticals Receives Approval to Market a Generic
Version of Simvastatin in The U.K. EXETER, N.H., May 18
/PRNewswire-FirstCall/ -- Bentley Pharmaceuticals, Inc. , a
specialty pharmaceutical company focused on advanced drug-delivery
technologies, which also manufactures and markets generic and
branded products in Europe, announced today that its Spanish
subsidiary has been granted approval to market a generic equivalent
of simvastatin in the United Kingdom through a company focused in
the UK. Simvastatin belongs to a class of cardiovascular products
used as a lipid-lowering agent in the treatment of high cholesterol
disorders. The product is marketed by Merck & Co. Inc. in the
United States under the trade name Zocor(R). According to IMS, the
market size of this product in the UK is approximately $480 million
and growing at an annual rate of approximately 30%. James R.
Murphy, Bentley's Chairman and CEO, commented, "We are pleased to
receive our first regulatory approval in the UK, which is one of
the most developed generic markets in the world, and we anticipate
receiving additional product approvals in the UK, Spain and other
European Union countries in the near future. Statins are one of the
most widely prescribed classes of drugs in the world and this
latest approval further increases our presence in this important
area." Dr. Adolfo Herrera, VP and COO of the Company's European
operations, commented, "The UK market is the most dynamic and
established generic market in the European Union. We are pleased to
take this major step in our expansion beyond Spain." Bentley
Pharmaceuticals, Inc. is a specialty pharmaceutical company focused
on advanced drug delivery technologies and pharmaceutical products.
Bentley's proprietary drug technologies enhance or facilitate the
absorption of pharmaceutical compounds across various membranes.
Bentley also manufactures and markets a growing portfolio of
generic and branded pharmaceuticals in Europe for the treatment of
cardiovascular, gastrointestinal, infectious and neurological
diseases through its subsidiaries, Laboratorios Belmac,
Laboratorios Davur and Laboratorios Rimafar; and manufactures and
sells active pharmaceutical ingredients through its subsidiary,
Bentley API. Copies of Bentley Pharmaceuticals' press releases and
other information may be obtained through Bentley's web site at
http://www.bentleypharm.com/. Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: This press
release contains forward looking statements, including without
limitation, statements regarding planned product releases, future
market expectations of existing pharmaceutical products, future
product approvals and the growth of our business. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from future results expressed or implied by such statements.
Factors that may cause such differences include, but are not
limited to risks associated with expanding generic and branded drug
operations, changes in third-party reimbursement and government
mandates which impact pharmaceutical pricing, development and
commercialization of our products, the effects of economic
conditions, risks associated with international operations,
competition from other manufacturers of generic and proprietary
pharmaceuticals and other uncertainties detailed in Bentley's most
recent Annual Report on Form 10-K and its other subsequent periodic
reports filed with the Securities and Exchange Commission. Bentley
cautions investors not to place undue reliance on the
forward-looking statements contained in this release. These
statements speak only as of the date of this document, and Bentley
undertakes no obligation to update or revise the statements, except
as may be required by law. DATASOURCE: Bentley Pharmaceuticals,
Inc. CONTACT: Michael D. Price, Vice President, Chief Financial
Officer, Bentley Pharmaceuticals, Inc., +1-603-658-6100; Investors
- Jonathan Birt or Lanie Marcus, or Media - Sean Leous, all of
Financial Dynamics, +1-212-850-5600, for Bentley Pharmaceuticals,
Inc. Web site: http://www.bentleypharm.com/
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