Medicare Part D Coverage to Include D-Hormones
May 18 2005 - 10:39AM
PR Newswire (US)
Medicare Part D Coverage to Include D-Hormones MIDDLETON, Wis., May
18 /PRNewswire-FirstCall/ -- Bone Care International, Inc.
(NASDAQ:BCII) announces that the Centers for Medicare and Medicaid
Services (CMS) expanded Medicare Part D prescription drug coverage
to D hormone therapies (located on the CMS website at:
http://questions.cms.hhs.gov/). Hectorol(R) (doxercalciferol)
Capsules is a D hormone therapy and will be covered in the Medicare
Part D Prescription Drug Program. The Part D drug program is
planned to be effective January 2006. Hectorol(R) Capsules is
indicated to treat secondary hyperparathyroidism in patients with
Stages 3-5 chronic kidney disease (CKD). Chronic kidney disease is
a worldwide public health problem. In the United States, there is a
rising incidence and prevalence of kidney failure resulting in poor
outcomes and high cost. There is an even higher prevalence of
earlier stage CKD. According to the National Kidney Foundation,
more than 20 million Americans -- one in nine adults -- have CKD
and an additional 20 million are at risk, creating what the
National Institutes of Health describes as a "growing epidemic."
Bone Care International (http://www.bonecare.com/) is a specialty
pharmaceutical company engaged in the discovery, development and
commercialization of innovative therapeutic products to treat the
unmet medical needs of patients with debilitating conditions and
life-threatening diseases. Our current commercial and therapeutic
focus is in nephrology, utilizing Hectorol(R) (doxercalciferol),
our novel D hormone therapy, to treat secondary hyperparathyroidism
in patients with moderate to severe chronic kidney disease and
end-stage renal disease. In addition to chronic kidney disease, the
Company is developing D hormone therapies to treat
hyperproliferative disorders such as cancer and psoriasis. Contact:
Bone Care International, Inc. Brian J. Hayden, Chief Financial
Officer (608) 662-7800 This press release contains forward-looking
statements. Statements relating to future sales, costs of sales,
other expenses, profitability, financial resources, or products and
production schedules, or statements that predict or indicate future
events and trends and which do not relate solely to historical
matters identify forward-looking statements. Forward-looking
statements are made pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and are based on management's
beliefs as well as assumptions made by and information currently
available to management. Accordingly, the Company's actual results
may differ materially from those expressed or implied in such
forward-looking statements due to known and unknown risks and
uncertainties that exist in the Company's operations and business
environment, including, among other factors, the ability of the
Company and each of its suppliers of doxercalciferol, Hectorol(R)
Injection and Hectorol(R) Capsules to meet the Company's
anticipated production schedules, technical risks associated with
the development of new products, regulatory policies in the United
States and other countries, risks associated with our ability to
avoid or minimize delays in/or interruption of the manufacture and
supply of our products, including the approvals of regulatory
authorities in connection therewith, reimbursement policies of
public and private health care payors, introduction and acceptance
of new drug therapies, competition from existing products and from
new products or technologies, the failure by the Company to produce
anticipated cost savings or improve productivity, the timing and
magnitude of capital expenditures and acquisitions, currency
exchange risks, economic and market conditions in the United
States, Europe and the rest of the world, and other risks
associated with the Company's operations. The Company disclaims any
obligation to update any such factors or to publicly announce any
revisions to any of the forward-looking statements contained herein
to reflect future events or developments. DATASOURCE: Bone Care
International, Inc. CONTACT: Brian J. Hayden, Chief Financial
Officer, Bone Care International, Inc., +1-608-662-7800 Web site:
http://www.bonecare.com/ http://questions.cms.hhs.gov/
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