Update on AVANIR's Neurodex(TM) New Drug Application
August 31 2005 - 6:56PM
Business Wire
AVANIR Pharmaceuticals (AMEX:AVN) announced that it has been
advised by the U.S. Food and Drug Administration (FDA) today that
it should not expect a determination on the acceptability, or
otherwise, of its New Drug Application (NDA) for Neurodex for the
treatment of pseudobulbar affect (PBA) until October 10, 2005. The
FDA determined that the receipt date of the filing is to be August
10, 2005, due to supplemental data provided by the Company on that
date at the request of the FDA. In the interim, the company
anticipates continuing communication with the FDA routinely
associated with a NDA. AVANIR Pharmaceuticals is focused on
developing and commercializing novel therapeutic products for the
treatment of chronic diseases. AVANIR's product candidates address
therapeutic markets that include central nervous system and
cardiovascular disorders, inflammation, and infectious disease.
AVANIR has initiated a Phase 3 clinical trial of Neurodex for the
treatment of diabetic neuropathic pain. AVANIR has active
collaborations with two international pharmaceutical companies,
Novartis, for the treatment of inflammatory disease, and
AstraZeneca, for the treatment of cardiovascular disease. The
Company's first commercialized product, Abreva(R), is marketed in
North America by GlaxoSmithKline Consumer Healthcare and is the
leading over-the-counter product for the treatment of cold sores.
Further information about AVANIR can be found at www.avanir.com.
Statements in this press release that are not historical facts,
including statements that are preceded by, followed by, or that
include such words as "estimate", "anticipate", "believe", "plan",
or "expect", or similar statements are forward-looking statements
that are subject to certain risks and uncertainties that could
cause actual results to differ materially from the future results
expressed or implied by such statements. There can be no assurance
that AVANIR's New Drug Application for Neurodex(TM) will be
accepted for filing by the FDA within the anticipated time period
or at all; that Neurodex will receive regulatory approval; or that
even if such regulatory approval is received, AVANIR will be able
to market Neurodex successfully. Final review decisions made by the
FDA and other regulatory agencies concerning clinical trial results
are often unpredictable and outside the influence and/or control of
the company. Risks and uncertainties also include the risks set
forth in AVANIR's most recent Annual Report on Form 10-K and
subsequent Quarterly Reports on Form 10-Q and from time-to-time in
other publicly available information regarding the Company. Copies
of this information are available from AVANIR upon request. AVANIR
disclaims any intent or obligation to update these forward-looking
statements.
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