Bentley Granted European Patent for Its Testosterone Gel
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Bentley Pharmaceuticals, Inc. (NYSE: BNT), a specialty pharmaceutical
company, announced today that the European Patent Office has issued
patent number 1425019 entitled "Pharmaceutical
Composition.” This patent provides coverage
for the pharmaceutical composition process and method of use of
testosterone as a gel as well as other androgens, incorporating Bentley’s
CPE-215® drug
delivery technology. Issued from an application submitted on April 21,
2003, the new European patent provides proprietary protection to Bentley
for 20 years from the date of filing.
Bentley’s licensee –
Auxilium Pharmaceuticals, Inc. (NASDQ: AUXL) –
successfully launched this testosterone gel in the United States in
early 2003 under the brand name Testim®,
and the product now commands nearly 20 percent of the U.S. market for
topical testosterone replacement therapy. Testim has been approved for
marketing in Canada and 15 EU countries including Belgium, Germany,
Greece, Ireland, Portugal, Spain, Sweden and the United Kingdom, and has
received scientific approval in Italy.
"This European patent significantly
strengthens and extends the intellectual property franchise protecting
Bentley’s drug delivery technology,”
said John Sedor, president of Bentley Pharmaceuticals, Inc. "We
anticipate further strengthening of this IP portfolio beyond Europe in
the year ahead.”
The testosterone replacement market has increased as more baby-boomers
enter middle age and more attention is focused on male hormonal
deficiencies. The U.S. Food and Drug Administration estimates that about
4-5 million Americans suffer from male hypogonadism –
a condition where insufficient amounts of testosterone are produced –
and that male hypogonadism affects about 5 in every 1,000 men. It is
believed that male hypogonadism affects one out of every 5 men over age
50. Symptoms associated with low testosterone levels in men include
depression, decreased libido, erectile dysfunction, muscular atrophy,
loss of energy, mood alterations, increased body fat and reduced bone
density. The condition is significantly under-treated. Growing patient
awareness and education continue to spur demand for testosterone
replacement therapy.
Currently marketed hormone replacement therapies deliver hormones
through injections, transdermal patches and gels. Injection therapy has
limitations, including pain, which can lead to decreased patient
acceptance and decreased compliance. Although patches have alleviated
many of the side effects associated with other methods of delivery of
hormones, patches are often conspicuous and may result in skin
irritation or even inaccurate dosing should the patch fall off. The
transdermal delivery of hormones through gels, creams and lotions
provides commercially attractive and efficacious alternatives. Testim
delivers 30 percent more testosterone transdermally than its leading
competitor.
About Bentley’s Permeation Enhancement
Technology
Bentley’s CPE-215 drug delivery technology
has the potential to enhance the absorption of drugs across a variety of
biological membranes, including not only the skin, but also the nasal
mucosa. The Company is developing an intranasal drug delivery technology
based on CPE-215. This technology has the potential to improve drug
delivery of more complex molecules, especially injectable therapeutic
peptides for treatment of chronic diseases. Bentley’s
first patented product candidate for intranasal drug delivery is Nasulin™,
an insulin formulation currently in global Phase II clinical trials for
the treatment for diabetes. Bentley is continuing to expand its drug
delivery technology intellectual property portfolio and was awarded a
broad patent on July 19, 2007, for delivery of other peptides,
peptidomimetics and proteins via Bentley’s
drug delivery technology utilizing CPE-215®.
About Bentley Pharmaceuticals
Bentley Pharmaceuticals, Inc. is a specialty pharmaceutical company
focused on advanced drug delivery technologies and generic
pharmaceutical products. Bentley’s
proprietary drug delivery technologies enhance the absorption of
pharmaceutical compounds across various membranes. Bentley manufactures
and markets a growing portfolio of generic and branded generic
pharmaceuticals in Europe for the treatment of cardiovascular,
gastrointestinal, infectious and central nervous system diseases through
its subsidiaries -- Laboratorios Belmac, Laboratorios Davur,
Laboratorios Rimafar and Bentley Pharmaceuticals Ireland. Bentley also
manufactures and markets active pharmaceutical ingredients through its
subsidiary, Bentley API.
Additional information regarding Bentley Pharmaceuticals may be obtained
through Bentley’s web site at www.bentleypharm.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This press release contains forward looking statements,
including without limitation, statements regarding patent coverage for
Bentley’s CPE-215 drug delivery technology
and the therapeutic and commercial potential of that technology. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially from
future results expressed or implied by such statements. Factors that may
cause such differences include, but are not limited to, risks associated
with the efficacy and safety of Bentley’s
drug delivery technology, competition from other manufacturers of new
products, the unpredictability of patent protection, intellectual
property litigation, and other risks detailed under Item 1A "Risk
Factors” in Bentley's most recent Annual
Report on Form 10-K and its subsequent periodic reports filed with the
Securities and Exchange Commission. Bentley cautions investors not to
place undue reliance on the forward-looking statements contained in this
release. These statements speak only as of the date of this document,
and Bentley undertakes no obligation to update or revise the statements,
except as may be required by law.