Impax Pharmaceuticals to Co-Promote Wyeth’s Pristiq®
March 19 2009 - 8:38AM
Business Wire
Impax Laboratories, Inc. (NASDAQ: IPXL) today
announced that beginning July 1, 2009, Impax Pharmaceuticals, the
Company�s specialty brand products division will co-promote Wyeth�s
Pristiq�. Impax Pharmaceuticals will utilize its 66
neurology-focused sales force to promote Pristiq� (desvenlafaxine),
a serotonin-norepinephrine reuptake inhibitor (SNRI) as a treatment
for adult patients with major depressive disorder (MDD).
As previously announced, Impax Laboratories entered into a
three-year co-promotion agreement with Wyeth in July 2008 to detail
a product then to-be named by Wyeth for neurologists. Impax will
receive a fee for each detail delivered. Other terms of this
agreement are confidential and were not disclosed.
About Impax Laboratories, Inc.
Impax Laboratories, Inc. is a technology based specialty
pharmaceutical company applying its formulation expertise and drug
delivery technology to the development of controlled-release and
specialty generics in addition to the development of branded
products. Impax markets its generic products through its Global
Pharmaceuticals division and markets its branded products through
the Impax Pharmaceuticals division. Additionally, where
strategically appropriate, Impax has developed marketing
partnerships to fully leverage its technology platform. Impax
Laboratories is headquartered in Hayward, California, and has a
full range of capabilities in its Hayward and Philadelphia
facilities. For more information, please visit the Company's Web
site at: www.impaxlabs.com.
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995:
To the extent any statements made in this news release contain
information that is not historical, these statements are
forward-looking in nature and express the beliefs and expectations
of management. Such statements are based on current expectations
and involve a number of known and unknown risks and uncertainties
that could cause Impax�s future results, performance or
achievements to differ significantly from the results, performance
or achievements expressed or implied by such forward-looking
statements. Such risks and uncertainties include, but are not
limited to; ability to timely file periodic reports required by the
Exchange Act; ability to maintain an effective system of internal
control over financial reporting; ability to sustain profitability
and positive cash flows; ability to maintain sufficient capital to
fund operations; any delays or unanticipated expenses in connection
with the construction of our Taiwan facility; ability to
successfully develop and commercialize pharmaceutical products; the
uncertainty of patent litigation; consumer acceptance and demand
for new pharmaceutical products; the impact of competitive products
and pricing; the difficulty of predicting Food and Drug
Administration (�FDA�) filings and approvals; inexperience in
conducting clinical trials and submitting new drug applications;
reliance on key alliance agreements; the availability of raw
materials; the regulatory environment; exposure to product
liability claims; fluctuations in operating results and other risks
detailed from time to time in our filings with the Securities and
Exchange Commission. Forward-looking statements speak only as to
the date on which they are made, and Impax undertakes no obligation
to update publicly or revise any forward-looking statement,
regardless of whether new information becomes available, future
developments occur or otherwise.
Photos/Multimedia�Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5921214&lang=en
Impax Laboratories, Inc. (delisted) (NASDAQ:IPXL)
Historical Stock Chart
From Jul 2024 to Jul 2024
Impax Laboratories, Inc. (delisted) (NASDAQ:IPXL)
Historical Stock Chart
From Jul 2023 to Jul 2024