Bentley Pharm. Acquires Senioral From Sanofi-Winthrop.TAMPA, Fla.--(BW HealthWire)--Nov. 17, 1998--Bentley Pharmaceuticals Inc. (AMEX AMEX See: American Stock Exchange :BNT BNT Bentley Pharmaceuticals, Inc. (stock symbol) BNT Boston Naming Test (psychology) BNT Bermuda National Trust BNT Bulgarian National TV BNT Broadband Network Termination BNT Binary File Transfer ) Tuesday announced that it has purchased the product Senioral from Sanofi-Winthrop for approximately $1.4 million cash. Senioral is a combination product useful in the treatment of congestive con·ges·tive adj. Of or characterized by congestion. congestive pertaining to or associated with congestion. See also congestive heart failure. symptoms of the upper respiratory tract respiratory tract n. The air passages from the nose to the pulmonary alveoli, including the pharynx, larynx, trachea, and bronchi. Respiratory tract . Bentley's Spanish subsidiary, Laboratorios Belmac S.A., started marketing this product in October and expects sales of approximately $1 million in the first 12 months with a gross margin of about 65 percent. James Murphy, Bentley's president and chief executive officer, stated that, "Senioral is a proven medication that can be promoted in combination with antibiotics such as Arzimol(TM) for the treatment of upper respiratory tract infections. Senioral comes in both adult and pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. formulations. We expect this product to significantly impact our bottom line. "Our strategy should now be clearly recognizable. This year we have added ten strategic products to our portfolio, three of which are already generating sales and seven of which we anticipate launching in calendar year 1999. We are enthusiastic that a number of these products are formulated utilizing our advanced drug delivery technologies for controlled release. "I would like to remind everyone that we have relocated our corporate offices as part of our austerity program. Please make note of our new address and telephone numbers." Bentley Pharmaceuticals Two Urban Center, Suite 400 Tampa, Fla. 33609 TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom : 813/281-0961 FAX: 813/282-8941 www.bentleypharm.com Bentley Pharmaceuticals is an emerging international pharmaceutical company that leverages the competitive advantage of its manufacturing facility in Spain with drug delivery technology to provide treatment for cardiovascular, gastrointestinal, neurological and infectious diseases. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, the ability to find effective market distribution channels, development of new products, regulatory approval processes, the impact of competitive products or pricing, unpredictability of patent protection, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. |
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