BAUDETTE, Minn., Jan. 14, 2020 /PRNewswire/ -- ANI
Pharmaceuticals, Inc. ("ANI") (Nasdaq: ANIP) today announced the
launch of Paliperidone Extended-Release Tablets, 1.5 mg, 3 mg, 6 mg
and 9 mg. The current annual U.S. market for this product is
approximately $342 million, according
to IQVIA.
Arthur S. Przybyl, ANI's
President and CEO commented, "This is our first generic product
launch for 2020 and comes from the portfolio of commercial and
pipeline drugs that we recently acquired. The product was
developed by Inventia Healthcare Limited as part of a two drug
development, manufacturing and commercialization
partnership. The launch expands our commercial generic
portfolio to 47 drugs."
About Paliperidone Extended-Release Tablets
Paliperidone Extended-Release Tablets is an atypical
antipsychotic agent indicated for the treatment of schizophrenia,
the treatment of schizoaffective disorder as monotherapy, and as an
adjunct to mood stabilizers and/or antidepressants. For more
information, including the complete list of indications and usages,
please see the Full Prescribing Information.
About ANI
ANI Pharmaceuticals, Inc. (the "Company" or "ANI") is an
integrated specialty pharmaceutical company developing,
manufacturing, and marketing branded and generic prescription
pharmaceuticals. The Company's targeted areas of product
development currently include narcotics, oncolytics (anti-cancers),
hormones and steroids, and complex formulations involving extended
release and combination products. For more information, please
visit our website www.anipharmaceuticals.com.
Forward-Looking Statements
To the extent any statements made in this release deal with
information that is not historical, these are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements include, but are not limited
to, statements about price increases, the Company's future
operations, products, financial position, operating results and
prospects, the Company's pipeline or potential markets therefor,
and other statements that are not historical in nature,
particularly those that utilize terminology such as "anticipates,"
"will," "expects," "plans," "potential," "future," "believes,"
"intends," "continue," other words of similar meaning, derivations
of such words and the use of future dates.
Uncertainties and risks may cause the Company's actual results
to be materially different than those expressed in or implied by
such forward-looking statements. Uncertainties and risks include,
but are not limited to, the risk that the Company may face with
respect to importing raw materials; increased competition;
acquisitions; contract manufacturing arrangements; delays or
failure in obtaining product approval from the U.S. Food and Drug
Administration; general business and economic conditions; market
trends; products development; regulatory and other approvals and
marketing.
More detailed information on these and additional factors that
could affect the Company's actual results are described in the
Company's filings with the Securities and Exchange Commission,
including its most recent annual report on Form 10-K and quarterly
reports on Form 10-Q, as well as its proxy statement. All
forward-looking statements in this news release speak only as of
the date of this news release and are based on the Company's
current beliefs, assumptions, and expectations. The Company
undertakes no obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
For more information about ANI, please contact:Investor
RelationsIR@anipharmaceuticals.com
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SOURCE ANI Pharmaceuticals, Inc.