12th Mar 2014 07:00
US Orphan Drug designation for Flammacerium®
London, 12 March 2014 - Sinclair IS Pharma plc (AIM:SPH.L) ("Sinclair" or "the Group"), the international specialty pharmaceutical company, announces that the US FDA has granted orphan drug designation for Flammacerium® (sterile cream containing 1% silver sulphadiazine and 2.2% cerium nitrate) for the treatment of patients with severe dermal burns. The annual incidence of severe dermal burns in the US is within the threshold of 200,000 patients required for the granting of orphan drug designation which provides seven year marketing exclusivity following approval.
Whilst Flammacerium® may be used in all cases of severe burns, it has a unique role to play in cases where surgical excision and grafting are contraindicated or where facilities are unavailable or overwhelmed, as in the case of a mass casualty event. Flammacerium® was granted an emergency IND and was provided to and used by the US emergency services at the time of the 9/11 atrocity.
Flammacerium® must now be subject to the FDA regulatory process to gain marketing approval in the USA. While the expected time to filing for this approval remains uncertain and is dependent on the regulatory requirements to be finally determined, US approval would be expected to provide material upside to Sinclair's earnings in future.
Chris Spooner Sinclair IS Pharma plc CEO commented: "Today's announcement offers a major opportunity for Sinclair to launch a product into the US for a niche yet therapeutically important indication in patients who are severely burned. This is a high value specialist market in the US requiring a small dedicated sales and distribution team. With Flammacerium®already approved in various European markets and currently subject to a multi-country review for additional European approvals, there already exists a considerable body of safety and efficacy data. Sinclair is optimistic to receive US approval in due course and potentially within an accelerated timeframe from regulatory filing"
Ends
Sinclair IS Pharma plc Tel: +44 (0) 20 7467 6920
Chris Spooner
Alan Olby
Robert Taylor
Peel Hunt LLP Tel: +44 (0) 20 7418 8900
James Steel
Clare Terlouw
Notes to Editors:
About Sinclair IS Pharma plc - see www.sinclairispharma.com
Sinclair IS Pharma is an international specialty pharmaceutical company centred on Dermatology, in particular - Aesthetics, Wound care, and Skin care. The Group has a direct sales and marketing presence in the top five European markets and a rapidly growing International division concentrated on the Emerging Markets through long term multi-product, multi-country, sales, marketing and distribution deals with key strategic partners.
"Safe Harbor" Statement under the US Private Securities Litigation Reform Act of 1995: Some or all of the statements in this document that relate to future plans, expectations, events, performances and the like are forward‐looking statements, as defined in the US Private Securities Litigation Reform Act of 1995. Actual results of events could differ materially from those described in the forward‐looking statements due to a variety of factors.
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