VANCOUVER, British Columbia, May 09, 2017 (GLOBE NEWSWIRE) -- Novelion Therapeutics Inc. (NASDAQ:NVLN), a biopharmaceutical company dedicated to developing and commercializing innovative new therapies for individuals living with rare and unmet need diseases (“Novelion” or the “Company”), today reported preliminary financial results for the first quarter ended March 31, 2017 and provided an overview of recent business highlights, including an update on its clinical development programs for metreleptin and zuretinol.
“Our execution to transform Novelion into a growth company and a leading orphan and rare disease company continued during the first quarter,” said Chief Executive Officer Mary Szela. “We are focused on maximizing the value of our commercial assets, and expanding the potential of metreleptin, a potentially transformational therapy for a range of low-leptin mediated metabolic diseases. Operationally, significant progress has been made to reduce expenses and enhance efficiencies globally and cross-functionally. We also further strengthened our commercial business by implementing a new commercial structure in the U.S. that we believe is better aligned to effectively address the needs of physicians and payors, and therefore enable us to better serve the needs of adult HoFH and GL patients.”
