| |
Three Rivers Pharmaceuticals announces FDA Approval of Ribasphere™ (Ribavirin capsules) 200mg for the Treatment of Chronic Hepatitis C
|
| |
| |
Press Release from Three Rivers
Cranberry Township, PA. Three Rivers Pharmaceuticals, LLC today announced that the U.S. Food and Drug Administration (FDA) has granted marketing approval for its Ribasphere™ (Ribavirin capsules) 200mg in combination with interferon alfa-2b for the treatment of Hepatitis C ("HCV").
The President and CEO of Three Rivers Pharmaceuticals, Donald J. Kerrish, RPh., stated "The approval of Ribasphere™ marks a milestone in the treatment of HCV. Ribasphere™ is positioned to break down the economic barriers that have existed for the past decade in treating this chronic and potentially deadly disease." Traditionally the cost of treatment for HCV can range from $20,000 - $25,000 annually. "Our aim is to bring affordable medicine to all individuals infected with this dreadful disease." Mr. Kerrish continued.
"This victory for the approval of Ribasphere™ did not come without a great deal of pain and persistence on the legal and regulatory fronts" said Paul F. Fagan, Executive Vice President and General Counsel of Three Rivers. The ANDA was filed with the FDA in July of 2001. During the past thirty-three months, Three Rivers has successfully battled multiple patent infringement lawsuits and overcome significant regulatory issues that both delayed and complicated the entry of Ribasphere™ into the marketplace. Both Mr. Kerrish and Mr. Fagan agreed that enduring the long and complex process has been well worth it. They will now be able to see patients benefit from the fruits of the company's labor.
Hepatitis C affects nearly 4 million Americans and 170 million people worldwide. HCV is responsible for 8,000 to 10,000 deaths per year in the United States and is the number one cause of liver transplants. HCV can also lead to cirrhosis, end-stage liver disease, and liver cancer. Over 30,000 new cases are diagnosed each year.
Three Rivers Pharmaceuticals plans to launch Ribasphere™ immediately, assisted by its marketing partner PAR Pharmaceuticals (NYSE:PRX) of Spring Valley, New York. Three Rivers Pharmaceuticals is a closely held, privately owned company. Three Rivers Pharmaceuticals' mission is to develop and market generic prescription drugs and select branded drugs that may be less appealing to the larger pharmaceutical companies but still have a very strong clinical value to the patient. Its plan is to focus in the areas of HCV / HIV, urology and oncology.
FROM THREE RIVERS: Patient Assistance Program
Dear All,
We are pleased to inform you that Three Rivers Pharmaceuticals' has received FDA approval for RIBASPHERE(tm) (Ribavirin capsules) 200mg. RIBASPHERE(tm)is an A/B rated generic equivalent to Rebetol(r). Drug will be available publicly immediately.
Three Rivers Pharmaceuticals' is committed to a common goal in making sure that all patients have access to therapy at an affordable price.
At the same time, Three Rivers Pharmaceuticals' will also be launching Ribacare(tm), our patient assistance program for those patients that face challenges with their healthcare coverage. This can be accessed by calling Three Rivers Pharmaceuticals direct at 1-866-650-RIBA.
Three Rivers Pharmaceuticals' from its inception has been a company that keeps the patients interest in the forefront. It's a company owned and operated by health care professionals. Our mission and goal is to bring affordable therapy to the marketplace in branded and generic products.
|
|
| |
| |
|
|
|
