Posts Tagged ‘PXS’

ASX Company News: Pharmaxis Launches Cystic Fibrosis Treatment In Europe

Monday, June 4th, 2012

Pharmaceutical company Pharmaxis (PXS) announced that the National Institute for Health and Clinical Excellence (NICE) in the UK has issued a preliminary opinion that Bronchitol (inhaled dry powder mannitol) could not yet be considered a cost‐effective use of NHS resources for the treatment of cystic fibrosis in England and Wales. This opinion is not NICE’s final guidance on Bronchitol and the recommendations may change following consultation and receipt of stakeholder comment.

The Committee’s view at this stage is that the calculation of cost effectiveness is associated with considerable uncertainty and dependent on a variety of imputed assumptions.  Pharmaxis CEO Dr Alan Robertson said, “We believe that the cost effectiveness ratios in our submission are correctly positioned to gain a positive recommendation from NICE. The Committee has clearly identified a number of areas of uncertainty and we will be working with NICE and other patient and rofessional stakeholders over coming weeks to supply further analyses and clarification. We look forward to further progress and the forthcoming Committee meeting, which will consider the comments received during the consultation period.

Bronchitol has been introduced in the United Kingdom at a retail price of £16.55 per day and notification has been received from the UK Department of Health that this price is acceptable.

“No CF drugs currently available in the UK other than Bronchitol have ever been reviewed by NICE. The decision to fund Bronchitol remains in the hands of the local health authorities with whom we have been liaising over recent months. Bronchitol is now available in pharmacies and we will be pursuing the negotiations with local payors to fund treatment for CF patients in their area,” Dr Robertson said.

Pharmaxis officially published the retail price of Bronchitol in Germany at €35.65 per day. Germany’s Federal Joint Committee (G‐BA) has a modified procedure for orphan drug assessments such that only products with annual sales in Germany of more than €50 million will be subject to an early benefit assessment from the Institute for Quality and Efficiency in Health Care (IQWiG).

Dr Robertson said, “Bronchitol has demonstrated significant reductions in the incidence of exacerbations when used on top of standard therapy in addition to its effects on improving and maintaining lung function.

This retail price is in line with guidance we have provided in relation to the German market and pricing research conducted by Pharmaxis amongst German physicians and insurance funds.  “We now look forward to introducing Bronchitol to UK and German CF clinics following the formal European launch, which will take place at the European CF symposium in Dublin from June 6th – 9th 2012.”

www.pharmaxis.com.au

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ASX Company News: Pharmaxis Finalises European Distribution Agreement

Friday, March 30th, 2012

Pharmaceutical company Pharmaxis (PXS) announced it has finalised a logistics and distribution services agreement for the supply of Bronchitol across Europe. In anticipation of a second quarter commercial launch of Bronchitol for cystic fibrosis in Europe, Pharmaxis has signed a three year agreement with Arvato Healthcare, a member of the Bertelsmann AG group of companies.

Pharmaxis Chief Executive Officer Dr Alan Robertson said, “This agreement completes the infrastructure required to make Bronchitol available throughout Europe. Arvato provides Pharmaxis with a state‐of‐the‐art healthcare distribution facility centralised in Germany from which Bronchitol is shipped directly to pharmacies and hospitals. “Launch stock of Bronchitol is in the final stages of manufacture and our Pharmaxis and Quintiles sales teams are introducing Pharmaxis to cystic fibrosis centres in the United Kingdom and Germany. The customer services and logistics are now also in place. We are looking forward to making Bronchitol available to the European cystic fibrosis patients.”

Arvato is an internationally networked outsourcing services provider employing 60,000 people in more than 30 countries. Its integrated business processes and decentralized structure provide a high standard of flexible and efficient service for customers. Pharmaxis is a specialist pharmaceutical company involved in the research, development and commercialization of therapeutic products for chronic respiratory disorders. Its product Aridol® for the assessment of asthma is launched in a number of key markets.  Its development pipeline of products includes, Bronchitol for cystic fibrosis and bronchiectasis and, PXS25 for the treatment of lung fibrosis and ASM8 and PXS4728 for asthma.

www.pharmaxis.com.au

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ASX Company News: Pharmaxis Enters JV Agreement TO Market Bronchitol In Europe

Wednesday, September 1st, 2010

Pharmaceutical company Pharmaxis (PXS) announced it has finalised a strategic marketing and sales service agreement for the commercialisation of Bronchitol for cystic fibrosis in Europe. Ahead of anticipated regulatory approval for Bronchitol, Pharmaxis has signed a six year agreement with the highly respected Quintiles organisation to support the launch and commercialisation of the product in Western Europe.

Pharmaxis Acting Chief Executive Officer Gary Phillips said, “This important development means that Pharmaxis will move into the key European markets with a clear commercialisation plan. We will be bringing on board the European expertise and capabilities of a well recognised team of leaders in the field. “Bronchitol is a new advance in the treatment of cystic fibrosis and it’s vital that we engage fully with the CF communities, healthcare professionals, funding bodies and governments across Europe as efficiently as possible.  We have selected Quintiles to help manage market launch and accelerate product uptake because the local experience of the Quintiles organisation will allow rapid access to each of the individual country markets.”

Quintiles is a global biopharmaceutical services company offering clinical, commercial, consulting and capital solutions. The Quintiles network employs 20,000 people across 60 countries. Once approved, Pharmaxis plans to launch Bronchitol across Western Europe, initially in Germany and the UK in the first quarter of 2011. The Pharmaxis contract sales representatives will be supported and managed by the Quintiles organisation throughout Western Europe while marketing and market support will be managed by the Pharmaxis office in the UK. Quintiles will provide a broad range of commercial support for Bronchitol including development of the overall market access strategy, pricing and reimbursement, local market access, and  recruitment and management of field based sales teams and product managers. Pharmaxis Ltd is a specialist pharmaceutical company involved in the research, development and commercialization of therapeutic products for chronic respiratory and immune disorders.

www.pharmaxis.com.au

http://www.traderdealer.com.au/Fundamentals/pxs

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Pharmaxis Share Purchase Plan

Friday, June 5th, 2009

Pharmaxis  (PXS) announced on the 4/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 1/6/2009 on which shareholders must own the share to participate in the SPP and the closing date is 24/6/2009.    A maximum of $5,000 can be purchased by each shareholder at $2.35.

Discount : 9.6% Liquidity : Good Profitability : Ok  Stability : Good

www.pharmaxis.com.au

* Note: Discount is based  on the closing price on the 4 June 2009.

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Pharmaxis Share Purchase Plan

Friday, June 5th, 2009

Pharmaxis (PXS) announced on the 4/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 1/6/2009 on which shareholders must own the share to participate in the SPP and the closing date is 24/6/2009. A maximum of $5,000 can be purchased by each shareholder at $2.35.

Discount : 9.6% Liquidity : Good Profitability : Ok Stability : Good

www.pharmaxis.com.au

* Note: Discount is based on the closing price on the 4 June 2009.

To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/

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