SOURCE: Vernalis PLC

October 12, 2015 02:00 ET

Vernalis Announces Start of CCP-08 12 Month Stability Testing

WINNERSH, UNITED KINGDOM--(Marketwired - Oct 12, 2015) - Vernalis plc (LSE: VER) (OTC PINK: VNLPY) announces that its partner, Tris Pharma, has successfully manufactured 3 registration batches of CCP-08 and material from these batches is now up on stability. CCP-08 is the third programme in Vernalis' cough cold pipeline from its exclusive licensing agreement with Tris Pharma. The first product, Tuzistra™ XR was approved by the FDA on 30 April 2015 and was launched into the US prescription cough cold market on 8 September 2015. 

The CCP-08 NDA submission will include 12 months of stability data and, therefore, Tris anticipates the filing with the FDA to occur during 2016. Further news flow will follow the completion of the pivotal single-dose and multi-dose bioavailability studies anticipated to take place between now and NDA filing.

Tris is developing, on behalf of Vernalis, up to six unique extended-release equivalents to existing immediate-release prescription cough cold treatments. 

Ian Garland, CEO of Vernalis commented "We are extremely pleased with the continued progression of CCP-08 and the maturing pipeline with Tris and we look forward to further positive news flow from our cough cold programmes".

Notes to Editors

About Vernalis
Vernalis is a revenue generating, commercial stage pharmaceutical company with significant expertise in drug development. The Group has three approved products: Tuzistra™ XR targeting the US prescription cough cold market; MOXATAG®, a once-a-day formulation of the antibiotic, amoxicillin, indicated for the treatment of tonsillitis and/or pharyngitis secondary to Streptococcus pyogenes; and frovatriptan for the acute treatment of migraine. It has an exclusive licensing agreement to develop and commercialise multiple novel products focussed on the US prescription cough cold market as well as eight programmes in its NCE development pipeline. Vernalis has also significant expertise in fragment and structure based drug discovery which it leverages to enter into collaborations with larger pharmaceutical companies. The Company's technologies, capabilities and products have been endorsed over the last five years by collaborations with leading pharmaceutical companies, including AKP, Biogen Idec, Endo, GSK, Genentech, Lundbeck, Menarini, Novartis, Servier Taisho and Tris.

For further information about Vernalis, please visit www.vernalis.com.

Vernalis Forward-Looking Statement
This news release may contain forward-looking statements that reflect the Company's current expectations regarding future events including the clinical development and regulatory clearance of the Company's products, the Company's ability to find partners for the development and commercialisation of its products, as well as the Company's future capital raising activities. Forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors including the success of the Company's research strategies, the applicability of the discoveries made therein, the successful and timely completion of clinical studies, the uncertainties related to the regulatory process, the ability of the Company to identify and agree beneficial terms with suitable partners for the commercialisation and/or development of its products, as well as the achievement of expected synergies from such transactions, the acceptance of frovatriptan and other products by consumers and medical professionals, the successful integration of completed mergers and acquisitions and achievement of expected synergies from such transactions, and the ability of the Company to identify and consummate suitable strategic and business combination transactions.

Contact Information

  • Enquiries:

    Vernalis plc:
    Ian Garland
    Chief Executive Officer
    David Mackney
    Chief Financial Officer
    +44 (0) 118 938 0015

    Canaccord Genuity Limited (Nominated Adviser):
    Dr Julian Feneley
    Henry Fitzgerald-O'Connor
    Emma Gabriel
    +44 (0) 20 7523 8350

    Shore Capital (Joint Broker):
    Bidhi Bhoma
    Toby Gibbs
    +44 (0)20 7408 4090

    FTI Consulting:
    Ben Atwell
    Simon Conway
    Stephanie Cuthbert
    +44 (0) 20 3727 1000