Probuphine will be marketed in the European Union under the brand name “Sixmo”
| SOUTH SAN FRANCISCO, Calif., June 26, 2019 /PRNewswire/ -- Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) today announced that the European Commission (“EC”) has approved Sixmo®-buprenorphine, the brand name for Probuphine® (buprenorphine) implant in the European Union (“EU”). The EC’s decision, received today by Molteni, applies to all 28 EU member states, where Sixmo is now approved for substitution treatment for opioid dependence in clinically stable adult patients who require no more than 8 mg/day of sublingual buprenorphine, within a framework of medical, social and psychological treatment.
“This is a major milestone for us as well as for our commercialization partner, Molteni, and we are looking forward to working with them to launch Sixmo in Europe,” said Titan’s President and CEO, Sunil Bhonsle. “The EU is the third major market in which Probuphine has been approved, and as the world’s second largest market for buprenorphine-based products, we believe Sixmo could be a valuable treatment option for European healthcare providers and patients. In addition, we continue to consider opportunities to commercialize Probuphine in other territories.” In March 2018, Titan entered into a definitive asset purchase, supply and support agreement with Molteni & C. dei F.lli Alitti Società di Esercizio S.p.A. (“Molteni”) through which Molteni acquired the European intellectual property related to Probuphine, including the MAA under review by the EMA, and gained the exclusive right to commercialize the Titan supplied Probuphine product in Europe, as well as certain countries of the Commonwealth of Independent States, the Middle East and North Africa. Molteni’s Managing Director, Giuseppe Seghi Recli, commented, “We are pleased with the EC’s decision and are excited to launch Sixmo in the EU with Titan’s support. The registration of Sixmo marks our entry in the long-term buprenorphine market, strengthening our leadership in our core addiction market., as we strongly believe Sixmo represents a valuable option for a sizeable number of patients and physicians. We look forward to progressively launching it across Europe, accomplishing one of the major milestones of our five-year European strategic plan of growth.” Please see below for important safety information regarding Probuphine including the Boxed Warning as contained in the U.S. prescribing information. About Probuphine Probuphine is the only subdermal implant designed to deliver buprenorphine continuously for six months following insertion. Probuphine was developed using ProNeura™, the continuous drug delivery system developed by Titan that consists of a small, solid implant made from a mixture of ethylene-vinyl acetate and a drug substance. The resulting construct is a solid matrix that is placed subdermally, normally in the upper inner arm in an outpatient office procedure and removed in a similar manner at the end of the treatment period. The U.S. Food and Drug Administration (“FDA”) approved Probuphine in May 2016, and it is the first and only buprenorphine implant available for the maintenance treatment of opioid addiction in eligible patients. IMPORTANT SAFETY INFORMATION INCLUDING INDICATION AND BOXED WARNING Indication PROBUPHINE is an implant that contains the medicine buprenorphine. PROBUPHINE is used to treat certain adults who are addicted to (dependent on) opioid drugs (either prescription or illegal). PROBUPHINE is indicated for the maintenance treatment of opioid dependence in patients who have achieved and sustained prolonged clinical stability on low-to-moderate doses (doses no more than 8 mg per day) of a transmucosal buprenorphine-containing product. PROBUPHINE is part of a complete treatment program that also includes counseling and behavioral therapy.
Contraindications Call your healthcare provider right away if:
Because of the risk of complications of, migration, protrusion, expulsion and nerve injury with insertion and removal of PROBUPHINE, it is only available through a restricted program called the PROBUPHINE REMS Program. Healthcare Providers who Prescribe and/or Insert PROBUPHINE must be certified with the program by enrolling and completing live training.
Implants may be difficult to locate if inserted too deeply, if you manipulate them, or if you gain significant weight after insertion. Your healthcare provider may do special procedures or tests, or refer you to a surgical specialist to remove the implants if they are difficult to locate. The medicine in PROBUPHINE can cause serious and life-threatening problems, especially if you take or use certain other medicines or drugs. Call your healthcare provider right away or get emergency help if you feel faint or dizzy, have mental changes such as confusion, slower breathing than you normally have, severe sleepiness, blurred vision, problems with coordination, slurred speech, cannot think well or clearly, high body temperature, slowed reflexes, feel agitated, stiff muscles or have trouble walking. These can be signs of an overdose or other serious problems. Coma or death can happen if you take anxiety medicines or benzodiazepines, sleeping pills, tranquilizers, or sedatives, antidepressants, or antihistamines, or drink alcohol during treatment with PROBUPHINE. Tell your healthcare provider if you are taking any of these medicines or if you drink alcohol. Who should not use PROBUPHINE? PROBUPHINE may not be right for you. Before starting PROBUPHINE tell your doctor about all of your medical conditions, including: Tell your doctor about all the medicines you take, including prescription and over-the-counter medicines, vitamins and herbal supplements. What should I avoid while being treated with PROBUPHINE?
What are the possible side effects of PROBUPHINE?
Tell your healthcare provider if you develop any of the symptoms listed. Please read Full Prescribing Information, including BOXED WARNING. Titan encourages you to report negative side effects of prescription drugs to the FDA. You can visit www.fda.gov/safety/medwatch/ or call 1-800-FDA-1088. About Titan Pharmaceuticals Titan Pharmaceuticals, Inc. (NASDAQ:TTNP), based in South San Francisco, CA, is a commercial stage company developing proprietary therapeutics with its ProNeura™ long-term, continuous drug delivery technology. The company’s lead product is Probuphine® (buprenorphine) implant, a novel and long-acting formulation of buprenorphine for the long-term maintenance treatment of opioid dependence. Approved by the U.S. Food and Drug Administration in May 2016, Probuphine is the first and only commercialized treatment of opioid dependence to provide continuous, around-the-clock blood levels of buprenorphine for six months following a single procedure. The ProNeura technology also has the potential to be used in developing products for treating other chronic conditions such as Parkinson’s disease and hypothyroidism, where maintaining consistent, around-the-clock blood levels of medication may benefit the patient and improve medical outcomes. For more information about Titan, please visit www.titanpharm.com. Forward-Looking Statements This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our product development programs and any other statements that are not historical facts. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from management’s current expectations include those risks and uncertainties relating to the commercialization of Probuphine, the regulatory approval process, the development, testing, production and marketing of our drug candidates, patent and intellectual property matters and strategic agreements and relationships. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. CONTACTS: Sunil Bhonsle Stephen Kilmer
SOURCE Titan Pharmaceuticals, Inc. | ||||||||||
Company Codes: NASDAQ-SMALL:TTNP |
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