NovaDel Pharma's Third Foreign Patent Issued
April 22 2004 - 8:29AM
PR Newswire (US)
NovaDel Pharma's Third Foreign Patent Issued FLEMINGTON, N.J.,
April 22 /PRNewswire-FirstCall/ -- NovaDel Pharma Inc. (BULLETIN
BOARD: NVDL) said it was awarded Greek Patent No.GR0904055 covering
its linqual spray drug delivery technology for non-polar products.
NovaDel's technology is widely applicable to a variety of drugs for
which fast onset of therapeutic activity and reduction of first
pass hepatic toxicity are consideration key product attributes.
"This patent, which is our third issued internationally, joins five
issued US patents in broadening our IP assets," said Gary A.
Shangold, MD, chief executive officer of NovaDel. "We currently
have 29 patent applications pending in the US, Canada, the EU and
Japan, concerning methods of delivery of a variety of therapeutic
classes and specific drugs within those classes." About NovaDel
Pharma Inc. NovaDel Pharma Inc. is a specialty pharmaceutical
company engaged in the development of novel drug delivery systems
for prescription and over-the-counter drugs. The Company's
proprietary lingual spray technology delivery system offers the
patient (i) fast onset of action; (ii) improved drug safety by
reducing the required drug dosage and reducing side effects; (iii)
improved patient convenience and compliance; and (iv) enhanced
dosage reliability. The Company plans to develop such products
independently and through collaborative arrangements with major
pharmaceutical and biotech companies. Except for historical
information contained herein, this document contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
known and unknown risks and uncertainties that may cause the
Company's actual results or outcomes to be materially different
from those anticipated and discussed herein including, but not
limited to, the ability to develop products (independently and
through collaborative arrangements), and the ability to
commercialize and obtain approval for products under development.
Further, the Company operates in industries where securities may be
volatile and may be influenced by regulatory and other factors
beyond the Company's control. Important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's most recent Annual Report and
Registration Statements, filed with the Securities and Exchange
Commission. In assessing forward-looking statements contained
herein, if any, the reader is urged to carefully read all
cautionary statements contained in such filings. Contact: Barry C.
Cohen VP Business & New Product Development 908 782-3431 x 2160
NovaDel Pharma Inc. Thomas Redington 203 222-7399 212 926-1733
DATASOURCE: NovaDel Pharma Inc. CONTACT: Barry C. Cohen, VP
Business & New Product Development of NovaDel Pharma Inc.,
+1-908-782-3431, ext. 2160; or Thomas Redington, +1-203-222-7399,
or +1-212-926-1733, or , for NovaDel Pharma Inc.
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