Injection Agent Lowers Risk and Increases Efficiency
During Resection and Gastrointestinal Endoscopic Procedures
Dublin – October 3, 2017 – Cosmo Pharmaceuticals N.V. (SIX: COPN) today announced that it has entered into an exclusive co-promotion agreement for Eleview™ in the U.S. with Olympus America Inc., a global technology leader in designing and delivering innovative solutions for medical and surgical procedures, among other core businesses. The co-promotion of Eleview™, an FDA 510(k)-cleared, ready-to-use submucosal injection composition, that provides an immediate and long-lasting cushion for gastrointestinal endoscopic resections of polyps, adenomas, and other lesions, will begin immediately.
Eleview™ is appropriate for challenging polyps, regardless of size, location, or type and the immediate, long-lasting cushion can hold for up to 45 minutes. Developed by Cosmo, Eleview™ improves margin visibility and helps decrease the risk of gastrointestinal perforation and damage to the external muscular layer, which can lead to gastrointestinal perforation. Furthermore, it decreases the time needed to resect a lesion while reducing both reinjections required and piecemeal excisions, as compared to saline.
“We are very happy to connect forces with our colleagues at Olympus through this co-promotion agreement,” said Alessandro Della Chà, Chief Executive Officer of Cosmo Pharmaceuticals. “Olympus is the number one player in U.S. endoscopy and this agreement will be a boost for the commercial success of Eleview™.”
“This innovative injection agent is a complement to our EndoTherapy portfolio and will further assist physicians during endoscopic procedures and when performing gastrointestinal resections,” said Kurt Heine, Group Vice President of the Endoscopy Division at Olympus America Inc. “Better visibility of lesions, along with increased efficiency, can bring us closer to our goal of improving quality of care, reducing healthcare costs and enhancing patient satisfaction.”
Cosmo’s San Diego-based marketing and sales subsidiary, Aries Pharmaceuticals Inc., and Olympus will work together to promote Eleview™ to end-user customers and will each sell Eleview™ through their existing distribution networks. This combined effort will leverage Olympus’ established salesforce and distribution network to address the colonoscopy market of 15 million annual procedures in an efficient and cost-effective manner.
The Eleview™ agreement will be highlighted at the American College of Gastroenterology’s (ACG) World Congress of Gastroenterology conference in Orlando, October 13-18.
About Cosmo Pharmaceuticals
Cosmo is a specialty pharmaceutical company that aims to become a global leader in the field of optimized therapies for selected Gastrointestinal Disorders and Endoscopic Procedures. The Company’s proprietary clinical development pipeline specifically addresses innovative treatments for IBD, such as Ulcerative Colitis and Crohn’s Disease, and Colon Infections. In addition, the Company has developed a medical device for polyp and adenoma excision and is has completed clinical trials of LuMeBlue™, a diagnostic drug for the detection of colon cancer as well as new chemical entities that are being developed by the associate company Cassiopea S.p.A. for the topical treatment of skin diseases. Cosmo’s MMX® products that have reached the market are Lialda®/Mezavant®/Mesavancol®, a treatment for IBD that is licensed globally to Giuliani and Shire Limited and Uceris®, the first glucocorticosteroid indicated for the induction of remission in active, mild to moderate Ulcerative Colitis, licensed in US to Santarus/Salix/Valeant and in the Rest of the World to Ferring as Cortiment®. Cosmo’s proprietary MMX® technology is at the core of the Company’s product pipeline and was developed from its expertise in formulating and manufacturing gastrointestinal drugs for international clients at its GMP (Good Manufacturing Practice) facilities in Lainate, Italy. The technology is designed to deliver active ingredients in a targeted manner in the colon. For further information on Cosmo, please visit the Company’s website: www.cosmopharma.com
About Olympus Medical Systems Group
Olympus Medical Systems Group, a division of global technology leader Olympus, develops solutions for healthcare professionals that help improve clinical outcomes, reduce overall costs and enhance quality of life for their patients. By enabling less invasive procedures, innovative diagnostic and therapeutic endoscopy, and early stage lung cancer evaluation and treatments, Olympus is transforming the future of healthcare. For more information visit Olympus at www.medical.olympusamerica.com.
Contact
John Manieri, Head of Investor Relations
Cosmo Pharmaceuticals N.V.
Tel: +353 (1) 8170 370
jmanieri@cosmopharma.com
Mark Miller
Olympus Corporation of the Americas
Vice President, Corporate and Medical Communications
Tel: +1 484-896-3020
mark.miller@olympus.comSome of the information contained in this press release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Cosmo undertakes no obligation to publicly update or revise any forward-looking statements.
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