Bioglan and Allergan Announce ZORAC Collaboration.IRVINE, Calif.--(BW HealthWire)--April 15, 1999-- Bioglan Pharma Plc (London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and Irish Stock Exchange The Irish Stock Exchange (ISE) (Irish: Stocmhalartán na hÉireann) is Ireland's stock exchange, formed through the merger of the Cork and Dublin exchanges, both of which have existed as far back as 1793. : BGP (Border Gateway Protocol) The routing protocol that is used to span autonomous systems on the Internet. It is a robust, sophisticated and scalable protocol that was developed by the Internet Engineering Task Force (IETF). ) and Allergan (NYSE NYSE See: New York Stock Exchange :AGN AGN Again (Amateur Radio) AGN Active Galactic Nucleus AGN Acute Glomerulonephritis AGN Accountants Global Network AGN Air Gabon (ICAO code) ) today announced the formation of a long term marketing, sales and development partnership to commercialise Allergan's novel proprietary psoriasis compound, tazarotene (ZORAC(R)) in the United Kingdom, Ireland, Denmark, Sweden, Finland, and other international markets, including certain countries in the Middle East and Africa. Under the terms of the agreement, Bioglan will commercialise ZORAC(R) gel for psoriasis and other future dermatological indications in the territory, and has been granted rights to further develop and commercialise other ZORAC(R) dosage forms. Specifically, Bioglan receives exclusive development, registration and commercialisation rights in selected European and international markets. In exchange, Allergan receives upfront fees, royalty income on ZORAC(R) net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight , and the rights, in Allergan's territory, to market any improvements to tazarotene developed by Bioglan. "We are delighted by the prospect of this collaboration with Allergan. ZORAC(R) represents a major step forward in the treatment of psoriasis, and is already available for marketing in the United Kingdom, Sweden, Finland and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . ZORAC(R) gel complements our existing line of dermatological products, including the SYNALAR(R) and METOSYN(R) line of topical corticosteroid corticosteroid /cor·ti·co·ster·oid/ (-ster´oid) any of the steroids elaborated by the adrenal cortex (excluding the sex hormones) or any synthetic equivalents; divided into two major groups, the glucocorticoids and brands acquired from Zeneca last year for a number of international markets," said Terry Sadler, Chairman and Chief Executive Officer of Bioglan Pharma Plc. "We also feel that Bioglan's drug delivery expertise may help to enhance the opportunities for the use of tazarotene in other dermatological conditions." "We are particularly pleased to be partnering with Bioglan Pharma as their market presence and recognized technological expertise in the dermatological field will enable Allergan to further its strategy of expanding ZORAC's(R) commercial success throughout Europe," said David E.I. Pyott, President and Chief Executive Officer of Allergan. "As we continue in our efforts to diligently execute against a focused dermatology strategy directed towards the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market, Allergan will seek out relationships with innovative companies such as Bioglan Pharma with a focus of gaining access to proprietary skin care technology and establishing an outlet for our dermatology pipeline outside of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ." Bioglan Pharma Plc is a fully integrated pharmaceutical company with activities in development, manufacture, and marketing a range of pharmaceutical products. Its principal therapeutic focus is on prescription dermatologicals. Bioglan also has a range of novel drug delivery systems for the delivery of compounds onto, through, and under the skin. Based in Hitchin in the United Kingdom, Bioglan has operating companies in various European countries and the USA. Bioglan markets its products in over 100 countries worldwide. (Note: Bioglan is a trademark of the Bioglan Group of companies.) Allergan, headquartered in Irvine, California, is a technology-driven, global health care company, providing eye care and specialty pharmaceutical products worldwide. Allergan develops and commercialises products in the eye care pharmaceutical, ophthalmic surgical device, over-the-counter contact lens contact lens, thin plastic lens worn between the eye and eyelid that may be used instead of eyeglasses. Actors, models, and others wear them for appearance, and athletes use them for safety and convenience. care, movement disorder, and dermatological markets that deliver value to our customers, satisfy unmet medical needs and improve patients' lives. Forward-looking Statements Except for historical information, this news release contains certain forward-looking statements that involve risks and uncertainties. Actual results may differ based on a number of factors including ZORAC(R) and other product performance, the efficacy of use of ZORAC(R) in combination with corticosteroids Corticosteroids Definition Corticosteroids are group of natural and synthetic analogues of the hormones secreted by the hypothalamic-anterior pituitary-adrenocortical (HPA) axis, more commonly referred to as the pituitary gland. , competitive products and competitive conditions, the success of licensees and marketing partners and programs, changing market conditions, uncertainty of future financial results and fluctuations in operating results, dependence on the companies' acquisition strategies, new product introductions and, currency exchange and other risks described from time to time in the companies' SEC and London and Irish Stock Exchange filings. These forward-looking statements represent the judgment of the companies as of the date of this release. The reader is cautioned not to rely upon these forward-looking statements and the companies disclaim any intent or obligation to update these forward-looking statements. |
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