LEAWOOD, Kan., Sept. 21, 2016 /PRNewswire/ -- Aratana
Therapeutics, Inc. (NASDAQ: PETX), a pet therapeutics company
focused on the licensing, development and commercialization of
innovative biopharmaceutical products for companion animals,
announced Steven St. Peter, M.D.,
President and Chief Executive Officer of Aratana Therapeutics will
participate in a panel discussion at the Jefferies Animal Health
Leadership Summit today in London
titled "Competing with Giants: Strategies to Succeed in a
Consolidated Market." The event is open to the public, but will not
be webcast.
At the event, Dr. St. Peter intends to discuss the commercial
introduction of Aratana's recently approved therapeutics and
provide other business updates, including:
- Aratana has recently hired approximately two dozen Therapeutic
Specialists in territories across the
United States and it intends to host its first National
Sales Meeting the week of September 26,
2016 in Kansas City. The
newly-hired sales representatives were selected from a pool of more
than 3,000 candidates and are industry veterans, with an average of
more than a decade of animal health experience. Regional Sales
Leaders and Medical Scientific Liaisons, as well as experienced
sales and marketing leadership, round out the commercial
organization.
- October 6-9, 2016, Aratana will
attend the American College of Veterinary Surgeons (ACVS) Surgery
Summit in Seattle, by which time
Aratana believes its commercial organization will be fully
operational. Aratana's commercial focus during the fourth quarter
of 2016 will be NOCITA® (bupivacaine liposome injectable
suspension), a local post-operative analgesia for cranial cruciate
ligament surgery in dogs.
- The Company will host an Aratana Counsel of Experts meeting
September 22-23, 2016 and provide
updates on its pipeline. With respect to its investigational
therapeutic for canine osteosarcoma (AT-014), which is regulated by
the U.S. Department of Agriculture (USDA), Aratana reports that
enrollment in a safety study continues and Aratana anticipates USDA
conditional licensure in the first half of 2017. With respect to
its investigational allogeneic stem cell therapeutic for canine
osteoarthritis pain (AT-016) that is regulated by the FDA's Center
for Veterinary Medicine (CVM), Aratana reports that results of a
previously disclosed pilot field efficacy study have been
published in the September 16, 2016
edition of Frontiers in Veterinary Science ("A Prospective,
Randomized, Masked, and Placebo-Controlled Efficacy Study of
Intraarticular Allogeneic Adipose Stem Cells for the Treatment of
Osteoarthritis in Dogs").
"It's exciting to participate in a panel on our strategic
direction when we can highlight our success in 2016, including
three CVM approvals of our lead therapeutics and our continued
transformation into a fully-integrated pet therapeutics company,"
stated Dr. St. Peter.
Important Safety Information
NOCITA®
(bupivacaine liposome injectable suspension) is for use in dogs
only. Do not use in dogs younger than 5 months of age, dogs used
for breeding, or in pregnant or lactating dogs. Do not administer
by intravenous or intra-arterial injection. Adverse reactions in
dogs may include discharge from incision, incisional inflammation
and vomiting. Avoid concurrent use with bupivacaine HCI, lidocaine
or other amide local anesthetics. Please see the full Prescribing
Information for more details.
About Aratana Therapeutics
Aratana Therapeutics is a
pet therapeutics company focused on licensing, developing and
commercializing innovative pharmaceutical products for dogs and
cats. Aratana believes that it can leverage the investment in the
human pharmaceutical industry to bring therapeutics to pets in a
capital and time efficient manner. The Company has multiple
products approved by the Food and Drug Administration's Center for
Veterinary Medicine or licensed by the United States Department of
Agriculture. The Company's pipeline includes therapeutic candidates
targeting pain, inappetence, cancer, viral diseases, allergy and
other serious, unmet or underserved medical needs. Aratana
believes providing innovative options to veterinarians and pet
owners will help manage pets' medical needs safely and effectively,
resulting in longer and improved quality of life for pets. For more
information, please visit www.aratana.com.
Forward-Looking Statements Disclaimer
This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements, including without limitation statements with respect to
our ability to bring several innovative products to market;
expectations regarding the timing or scope of commercialization of
Nocita; expectations regarding the timing of USDA conditional
licensure for AT-014; and statements regarding the Company's plans
and opportunities, including without limitation offering innovative
therapeutics that help manage pet's medical needs safely and
effectively and that result in longer and improved quality of life
for pets.
These forward-looking statements are based on management's
current expectations. These statements are neither promises nor
guarantees, but involve known and unknown risks, uncertainties and
other important factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements, including, but not limited to, the
following: our history of operating losses and our expectation that
we will continue to incur losses for the foreseeable future;
failure to obtain sufficient capital to fund our operations; risks
relating to the impairment of intangible assets AT-004, AT-005,
AT-007 and AT-011; unstable market and economic conditions;
restrictions on our financial flexibility due to the terms of our
credit facility; our substantial dependence upon the success of our
product candidates; development of our biologic product candidates
is dependent upon relatively novel technologies and uncertain
regulatory pathways, and biologics may not be commercially viable;
denial or delay of regulatory approval for our existing or future
product candidates; failure of our product candidates that receive
regulatory approval to obtain market approval or achieve commercial
success; failure to realize anticipated benefits of our
acquisitions and difficulties associated with integrating the
acquired businesses; development of pet therapeutics is a lengthy
and expensive process with an uncertain outcome; competition in the
pet therapeutics market, including from generic alternatives to our
product candidates, and failure to compete effectively; failure to
identify, license or acquire, develop and commercialize additional
product candidates; failure to attract and retain senior management
and key scientific personnel; our reliance on third-party
manufacturers, suppliers and partners; regulatory restrictions on
the marketing of our product candidates; our small commercial sales
organization, and any failure to create a sales force or
collaborate with third-parties to commercialize our product
candidates; difficulties in managing the growth of our company;
significant costs of being a public company; risks related to the
restatement of our financial statements for the year ended
December 31, 2013, and the
identification of a material weakness in our internal control over
financial reporting; changes in distribution channels for pet
therapeutics; consolidation of our veterinarian customers;
limitations on our ability to use our net operating loss
carryforwards; impacts of generic products; safety or efficacy
concerns with respect to our product candidates; effects of system
failures or security breaches; failure to obtain ownership of
issued patents covering our product candidates or failure to
prosecute or enforce licensed patents; failure to comply with our
obligations under our license agreements; effects of patent or
other intellectual property lawsuits; failure to protect our
intellectual property; changing patent laws and regulations;
non-compliance with any legal or regulatory requirements;
litigation resulting from the misuse of our confidential
information; the uncertainty of the regulatory approval process and
the costs associated with government regulation of our product
candidates; failure to obtain regulatory approvals in foreign
jurisdictions; effects of legislative or regulatory reform with
respect to pet therapeutics; the volatility of the price of our
common stock; our status as an emerging growth company, which could
make our common stock less attractive to investors; dilution of our
common stock as a result of future financings; the influence of
certain significant stockholders over our business; and provisions
in our charter documents and under Delaware law could delay or prevent a change
in control. These and other important factors discussed under the
caption "Risk Factors" in the Company's Annual Report on Form 10-K
filed with the Securities and Exchange Commission, or SEC, on
March 15, 2016, along with our other
reports filed with the SEC could cause actual results to differ
materially from those indicated by the forward-looking statements
made in this press release. Any such forward-looking statements
represent management's estimates as of the date of this press
release. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change.
These forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date of
this press release.
Contacts
For investor inquires:
Craig Tooman
ctooman@aratana.com
(913) 353-1026
For media inquiries:
Rachel Reiff
rreiff@aratana.com
(913) 353-1050
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SOURCE Aratana Therapeutics, Inc.