Spencer Pharmaceutical Inc. Announces Promising Results as It Takes One Step Closer to Commercializing Its Patented Anti-Inflamm
March 15 2011 - 10:41AM
Marketwired
Spencer Pharmaceutical Inc. (PINKSHEETS: SPPH) announces that it
concluded Pharmacokinetic experiments with Ibuprofen
(anti-inflammatory) formulated process following Spencer
Pharmaceutical recently patented formulations for anti-inflammatory
drugs.
Management is pleased to report that preliminary results of a
Pharmacokinetic study conducted in dogs (beagle) by an independent
Contract Research Organization, following strictly regulated
protocols, using coded products with Ibuprofen formulation
according to Spencer Pharmaceutical Inc. patented formulations,
showed the rapid release of the active ingredient. In addition, the
effective concentrations of the active ingredient lasted for a
longer period (up to 12 hours) after administration of a single
dose. These concentrations are similar to those obtained after
repeated administration with conventional forms of commercial
product that requires a tablet every 4 hours.
"Clearly to the lay investor the above announcement may appear a
bit dry. However, in reality these animal test results mirror our
earlier in-vitro (lab bench tests) findings and move our product a
step forward to its pharmaceutical development and to our eventual
goal of commercializing our new patent in the $multi-billion annual
anti-inflammatory medical market globally," explained Dr. Max
Arella, CEO of Spencer Pharmaceutical Inc. Furthermore "our next
step with these excipients for anti-inflammatory formulation will
be to prepare the proper documentation for meeting with Regulatory
authorities and for subsequent Clinical studies in the near term,"
added Dr. Arella.
Management of Spencer is keeping Al-Dorra and its subsidiary
Hail First Pharma updated on these exciting new developments as
they are diligently working on the buyout transactions and
continuing updates are scheduled to be released to
shareholders.
Spencer Pharmaceutical Inc. is a US based Pharmaceutical
Research and Development Corporation, which is developing
innovative drug release and absorption systems for the treatment of
metabolic diseases such as diabetes and metabolic syndrome.
Important Information
About Forward-Looking Statements in this
press release may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to the company or
its management, identify forward-looking statements. These
statements are based on current expectations, estimates and
projections about the company's business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above. In
addition, such statements could be affected by risks and
uncertainties related to the exploration for and development of
mineralized material, product demand, market and customer
acceptance, competition, pricing and development difficulties, as
well as general industry and market conditions and growth rates and
general economic conditions. Any forward-looking statements speak
only as of the date on which they are made, and the company does
not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
release. Information on the Company's website does not constitute a
part of this release. Although there is an offer currently coming
from a third party, the Company can provide no assurances that the
offer will be made, the timelines achieved, or the minimum offer
will be realized.
Contact: Ian Morrice Executive Vice President and
Director Spencer Pharmaceutical Inc. +1 (617) 973-5017
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