Protherics and Savage Labs Announce Potential Shortage Snakebite Antivenom.Business Editors & Health/Medical Writers MELVILLE, N.Y.--(BW HealthWire)--March 27, 2002 Protherics Inc. (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. , PTI PTI - Portable Tool Interface .L) and Savage Laboratories(R), the pharmaceutical division of Altana Inc., announced today the potential shortage of the snakebite snakebite, wound inflicted by the teeth of a snake. The bite of a nonvenomous snake is rarely serious. Venomous snakes have fangs, hollow teeth through which poison is injected into a victim. antivenom antivenom Antivenin Toxicology A vehicle that contains an antibody or other substance that binds specifically to a toxin, deactivating it , CroFab(TM) (Crotalidae Polyvalent polyvalent /poly·va·lent/ (-va´lent) multivalent. pol·y·va·lent adj. 1. Acting against or interacting with more than one kind of antigen, antibody, toxin, or microorganism. 2. Immune Fab -- Ovine ovine pertaining to, characteristic of, or derived from sheep. ovine atopic dermatitis symmetrical erythema, alopecia, lichenification, excoriation on woolless areas; sporadic cases, recur each summer. ) for the 2002 snakebite season. CroFab(TM) is marketed in the United States by Savage Labs and is indicated for the management of patients with minimal or moderate North American crotalid envenomation envenomation /en·ven·om·a·tion/ (en-ven?o-ma´shun) poisoning by venom. en·ven·om·a·tion n. The injection of a poisonous material by sting, spine, bite, or other similar means. . The term crotalid describes the Crotalidae family of venomous snakes which includes rattlesnakes, copperheads Copperheads, in the American Civil War, a reproachful term for those Northerners sympathetic to the South, mostly Democrats outspoken in their opposition to the Lincoln administration. They were especially strong in Illinois, Indiana, and Ohio, where Clement L. and cottonmouths/water moccasins. CroFab(TM) was developed and is manufactured by Protherics Inc. The companies have notified wholesalers, hospitals and poison centers of the potential shortage. CroFab(TM) is one of two crotalid antivenoms available in the United States; Antivenin antivenin /an·ti·ven·in/ (-ven´in) a material used in treatment of poisoning by animal venom. black widow spider antivenin a. . Crotalidae Polyvalent is produced and marketed by Wyeth-Ayerst Laboratories, Inc. The potential shortage of CroFab(TM) during the upcoming snakebite season is the result of a short-term problem with the production process. During February and March 2002, the outsourced process for the filling and freeze drying of CroFab(TM) was found to be out of specification, which will result in at least a two-month delay in the release of CroFab(TM) to the market. The outsourced supplier has identified the problem, implemented corrective action and expects the filling and freeze-drying process to resume shortly. Protherics hopes to have CroFab(TM) available for release to the market in early June. The process, however, may take longer. It is possible that there will be no CroFab(TM) available in the United States this snakebite season. Nearly all venomous snakebites are preventable. To avoid envenomation, snakebite experts recommend the following precautions: - Hikers should wear sturdy boots or shoes that extend beyond the ankle when in snake territory. - When a snake is encountered, it should be left alone. One should not approach a venomous snake, whether to catch it or to kill it. Half of all U.S. bites occur when a person knowingly puts himself in the way of the snake. - When in snake territory, people should not put their hands behind rocks, under fallen branches or in any hidden openings where snakes may be lurking. - To remove a venomous snake from one's home or yard, the local Animal Control, Fire Department or Health Department should be called for assistance. Savage Laboratories will notify hospitals, wholesalers and poison centers with any updates on the status of product availability. Any individuals bitten by a snake should immediately contact or go directly to the nearest poison center or hospital emergency room. A complete list of local poison centers is available through the American Association of Poison Control Centers (800/222-1222, www.aapcc.org). About Savage Labs Savage Laboratories(R)is a division of Altana, Inc., the U.S. subsidiary of Byk-Gulden, a multi-national pharmaceutical company based in Konstanz, Germany. Currently the strategic focus of Savage Laboratories is emergency/critical care and women's health care. More information is available at www.savagelabs.com. About Protherics Protherics is an international biopharmaceutical company, whose platform technology is the development and production of immunotherapeutics. Protherics' product portfolio includes two products that have received US Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ) approval - CroFab(TM), a rattlesnake rattlesnake, poisonous New World snake of the pit viper family, distinguished by a rattle at the end of the tail. The head is triangular, being widened at the base. The rattle is a series of dried, hollow segments of skin, which, when shaken, make a whirring sound. antivenom, and DigiFab(TM) (Digoxin Immune Fab Digoxin Immune Fab (Ovine) is the generic name for an antidote for overdose of digitalis.[1] It is made from immunoglobin fragments from sheep who have already been immunized with a digoxin derivative, digoxindicarboxymethoxylamine (DDMA). (Ovine)), a treatment for digoxin digoxin: see digitalis. toxicity. The Company's ordinary shares are listed on the Official List of the UK Listing Authority and are traded on the London Stock Exchange. (PTI.L) Forward Looking Statements This release, and oral statements made from time to time by Company representatives concerning the subject matter hereof, may contain so-called "forward looking statements". These statements can be identified by introductory words such as "expects", "plans", "will", "estimates", "forecasts", "projects", words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Forward-looking statements frequently are discussing the Company's growth strategy, operating and financial goals, plans relating to regulatory submissions and approvals and development programs. Many factors may cause actual results to differ from the Company's forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Those and other risks are described in the Company's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from the Company. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements. |
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