Cambridgeshire -- (MARKET WIRE) -- January 15, 2007 --For Immediate Release 15 January 2007
BioProgress plc
Launch of two new products in US
London, UK, 15 January 2007: BioProgress plc ('BioProgress' or the 'Company')
(AIM: BPRG; NASDAQ: BPRG), the speciality pharma and healthcare company, today
announces the launch of a further two new products within its US portfolio
through its subsidiary Dexo LLC.
The first of these is SymPak®, a combination of two of Dexo's popular cough
and cold products, Sinuvent® PE and Omnihist® II LA. Each SymPak contains a
2-week regimen of 2 Sinuvent® PE tablets daily for the morning dose, and 1
Omnihist® II LA tablet daily for the evening dose. The product was released
in response to physician research that indicated a need for a product tailored
to the active lifestyle of many working adults. The product is designed to
deliver a strong dose of antihistamine (Phenylephrine HCl) and expectorant
(Guaifenesin) in the morning without any sedating effects to the active patient;
then in the evening, it delivers a full dose of the same antihistamine coupled
with a strong decongestant (Chlorpheniramine Maleate) and drying agent
(Methscopolamine Nitrate). SymPak® will be marketed as a single prescription
alternative to treat a full range of symptoms.
The second product is a liquid line extension of the Ah-Chew® range Ah-Chew®
Syrup, a 4 times per day product, to its popular Ah-Chew® line of products
intended to treat cough and cold symptoms. Ah-Chew® Syrup will be priced very
competitively with over-the-counter cough and cold remedies while providing
symptom relief from prescription-only quantities of active ingredients.
Both of the new products will be new entrants in the expanding US $25bn domestic
cough cold market, and will be available throughout the US and supported by
Dexo's sales force. It is anticipated that the products will be launched in
other countries subject to regulatory approvals.
Steve Martin, Chief Development Officer, said:
"The launch of these two new products into the US market is further proof of
BioProgress's commitment to build a healthy innovative specialty pharmaceutical
business. We are pleased to continue our aggressive launch of new products into
the market with the expectation of further launches over the coming months. The
Company is pushing ahead with the integration of its technology with these core
brands in order to generate sustainable revenue streams."
For further information:
BioProgress Plc + 44 (0) 20 7098 9881
Richard Trevillion, CEO
Steve Martin, CDO
Buchanan Communications + 44 (0) 20 7466 5000
Rebecca Skye Dietrich / Mark Court
About BioProgress
BioProgress plc is an innovative specialty pharmaceutical and healthcare
business based around its platform technologies in polymer and film systems.
Listed on London's AIM in May 2003 and on US NASDAQ in October 2004, the company
has over 80 patents granted or in application within 24 patent families and has
product development agreements and strategic alliances with several global
companies. As a virtually integrated business, BioProgress has acquired sales
and marketing resources within Europe and the US as a launch mechanism for its
own pharmaceutical products. The business continues to develop innovative
delivery mechanisms using its XGEL™ polymer technology, replacing the need to
use animal-derived gelatine in pharmaceutical and healthcare products. For
further information please go to
www.bioprogress.com
Forward-Looking Information.
The Ordinary Shares of BioProgress plc are registered under the US Securities
and Exchange Act of 1934. To the extent that this announcement contains certain
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, this paragraph applies. These statements are
based on management's current expectations and are subject to uncertainty and
changes in circumstances. Actual results may vary materially from the
expectations contained in the forward-looking statements. The forward-looking
statements in this release include statements addressing future financial and
operating results and the timing and benefits of the reorganisation. Detailed
information about factors pertinent to the business of the company that could
cause actual results to differ is set forth in the Company's filings with the
Securities and Exchange Commission. The Company is under no obligation to (and
expressly disclaim any such obligation to) update or alter its forward-looking
statements whether as a result of new information, future events or otherwise.
This announcement is for information only and does not constitute an offer or
invitation to acquire or dispose of any securities or investment advice. The
distribution of the announcement and/or issue of securities in certain
jurisdictions may be restricted by law. Persons into whose possession this
announcement comes are required to inform themselves about and to observe such
restrictions.
This information is provided by RNS
The company news service from the London Stock Exchange